Director Raymond O'Conor sold 2,000 shares of Arrow Financial Corp (AROW, Financial) on October 1, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 41,176 shares of the company.
Arrow Financial Corp operates as the bank holding company for Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company, which provide commercial and consumer banking, and financial products in northeastern New York.
Over the past year, Raymond O'Conor has sold a total of 10,000 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 13 insider buys and 4 insider sells over the past year.
Shares of Arrow Financial Corp were trading at $28.04 on the day of the transaction. The company has a market cap of approximately $471.861 million. The price-earnings ratio of the stock is 14.92, which is above both the industry median of 10.285 and the company's historical median.
According to the GF Value, the intrinsic value estimate for Arrow Financial Corp is $29.04, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.97.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor which considers past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider might be of interest to current and potential investors, providing insight into how insiders are positioning themselves with respect to the stock at current market prices.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
