Arrow Financial (AROW)

Glens Falls National Bank and Trust Company • A Nationally Chartered Commercial Bank • Saratoga National Bank and Trust Company • A Non-deposit Trust Company • Arrow Properties, Inc. • North Country Investment Advisers, Inc. • A New York Corporation • NC Financial Services, Inc. • Glens Falls National Community Development Corporation • Upstate Agency, LLC ...

IRS number

222448962

AROW stock data

1M 3M 6M 1Y

Latest filings (excl ownership)

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8-K

Departure of Directors or Certain Officers

10 Feb 25

8-K

Results of Operations and Financial Condition

7 Nov 24

Arrow Reports 3rd Quarter Net Income of $9.0 Million, or $0.53 per Share

31 Oct 24

8-K

Arrow Declares October 2024 Cash Dividend

8 Aug 24

Declares Dividend of $0.27 per Share

Departure of Directors or Certain Officers

6 Jun 24

Latest ownership filings

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144

Notice of proposed sale of securities

28 Feb 25

13F-HR

Quarterly holdings report by institutional manager

14 Feb 25

David S. DeMarco

3 Feb 25

Penko Krassimir Ivanov

3 Feb 25

Michael Joseph Jacobs

Financial summary

Financial statements Chart AROW financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	340.09 mm	340.09 mm	340.09 mm	340.09 mm	340.09 mm	340.09 mm
Cash burn (monthly)	(no burn)	(no burn)	9.46 mm	8.87 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	48.05 mm	45.09 mm	n/a	n/a
Cash remaining	n/a	n/a	292.04 mm	294.99 mm	n/a	n/a
Runway (months of cash)	n/a	n/a	30.9	33.2	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

AROW institutional ownership history Ownership history

49.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	104	93	+11.8%
Opened positions	15	12	+25.0%
Closed positions	4	16	-75.0%
Increased positions	34	33	+3.0%
Reduced positions	29	25	+16.0%

13F shares	Current	Prev Q	Change
Total value	235.34 bn	209.61 bn	+12.3%
Total shares	8.32 mm	8.12 mm	+2.4%
Total puts	0.00	200.00	EXIT
Total calls	0.00	1.90 k	EXIT
Total put/call ratio	–	0.1	–

Largest owners	Shares	Value	Change
AROW Arrow Financial	1.97 mm	$56.45 bn	+1.2%
BlackRock	1.35 mm	$38.65 bn	NEW
Vanguard	815.27 k	$23.37 bn	-3.4%
Dimensional Fund Advisors	723.77 k	$20.74 bn	+3.4%
STT State Street	393.72 k	$11.28 bn	+0.3%
Geode Capital Management	372.23 k	$10.67 bn	-4.4%
American Century Companies	292.38 k	$8.38 bn	+9.7%
Renaissance Technologies	242.72 k	$6.96 bn	-3.7%
MS Morgan Stanley	239.56 k	$6.87 bn	+47.2%
Voya Investment Management	154.64 k	$4.43 bn	-10.6%

Largest transactions	Shares	Bought/sold	Change
BlackRock	1.35 mm	+1.35 mm	NEW
BLK BlackRock	0.00	-1.29 mm	EXIT
MS Morgan Stanley	239.56 k	+76.86 k	+47.2%
First Trust Advisors	60.66 k	+60.66 k	NEW
UBS UBS	8.50 k	-48.34 k	-85.0%
Connor, Clark & Lunn Investment Management	55.05 k	+31.74 k	+136.2%
Vanguard	815.27 k	-28.62 k	-3.4%
American Century Companies	292.38 k	+25.73 k	+9.7%
GS The Goldman Sachs Group, Inc.	73.98 k	+24.83 k	+50.5%
Dimensional Fund Advisors	723.77 k	+23.52 k	+3.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

AROW insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
3 Feb 25	Raymond F O'Conor	Common Stock	Sell	Dispose S	No	Yes	25.28	2,000	50.56 k	35,022
31 Jan 25	Daniel James White	Common Stock	Buy	Acquire P	No	No	27.23	3,668	99.88 k	4,338
29 Jan 25	Raymond F O'Conor	Common Stock	Grant	Acquire A	No	No	0	905	0.00	37,022
29 Jan 25	Daniel James White	Common Stock	Grant	Acquire A	No	No	0	181	0.00	670
29 Jan 25	Read Colin L	Common Stock	Grant	Acquire A	No	No	0	905	0.00	28,459
29 Jan 25	Philip C Morris	Common Stock	Grant	Acquire A	No	No	0	543	0.00	4,904
29 Jan 25	Miller Elizabeth	Common Stock	Grant	Acquire A	No	No	0	905	0.00	36,908