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Arrow Monetary Co. (NASDAQ:AROW – Get Score) Director Colin L. Learn bought 300 shares of Arrow Monetary inventory in a transaction dated Friday, January thirteenth. The shares had been bought at a mean value of $33.64, for a complete transaction of $10,092.00. Following the completion of the transaction, the director now straight owns 13,919 shares of the corporate’s inventory, valued at roughly $468,235.16. The sale was disclosed in a doc filed with the SEC, which is out there via the SEC web site.
Arrow Monetary Inventory Efficiency
Shares of NASDAQ AROW traded down $0.05 throughout mid-day buying and selling on Friday, reaching $33.73. 19,663 shares of the corporate had been exchanged, in comparison with its common quantity of 15,529. The corporate’s 50-day easy shifting common is $34.43 and its 200-day easy shifting common is $33.00. The corporate has a fast ratio of 0.86, a present ratio of 0.86 and a debt-to-equity ratio of 0.15. The inventory has a market capitalization of $557.52 million, a P/E ratio of 11.91 and a beta of 0.67. Arrow Monetary Co. has a twelve month low of $28.50 and a twelve month excessive of $36.75.
Arrow Monetary (NASDAQ:AROW – Get Score) final posted its earnings outcomes on Thursday, October twenty seventh. The monetary companies supplier reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06. The corporate had income of $38.73 million throughout the quarter, in comparison with analysts’ expectations of $36.80 million. Arrow Monetary had a internet margin of 30.65% and a return on fairness of 13.15%. As a bunch, analysis analysts predict that Arrow Monetary Co. will publish 3.02 earnings per share for the present 12 months.
Arrow Monetary Proclaims Dividend
The agency additionally just lately disclosed a quarterly dividend, which was paid on Thursday, December fifteenth. Shareholders of document on Thursday, December 1st had been paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of three.20%. The ex-dividend date of this dividend was Wednesday, November thirtieth. Arrow Monetary’s dividend payout ratio (DPR) is 38.07%.
Institutional Buying and selling of Arrow Monetary
A number of hedge funds and different institutional buyers have just lately purchased and bought shares of the enterprise. Arrow Monetary Corp raised its stake in Arrow Monetary by 3.3% within the third quarter. Arrow Monetary Corp now owns 1,576,398 shares of the monetary companies supplier’s inventory price $45,432,000 after buying a further 50,451 shares within the final quarter. BlackRock Inc. raised its stake in Arrow Monetary by 2.2% within the third quarter. BlackRock Inc. now owns 1,151,016 shares of the monetary companies supplier’s inventory price $33,172,000 after buying a further 24,798 shares within the final quarter. Vanguard Group Inc. raised its stake in Arrow Monetary by 5.8% within the third quarter. Vanguard Group Inc. now owns 724,570 shares of the monetary companies supplier’s inventory price $20,881,000 after buying a further 39,409 shares within the final quarter. Dimensional Fund Advisors LP raised its stake in Arrow Monetary by 4.4% within the third quarter. Dimensional Fund Advisors LP now owns 707,348 shares of the monetary companies supplier’s inventory price $20,387,000 after buying a further 29,610 shares within the final quarter. Lastly, State Avenue Corp raised its stake in Arrow Monetary by 6.9% within the third quarter. State Avenue Corp now owns 373,053 shares of the monetary companies supplier’s inventory price $10,751,000 after buying a further 24,021 shares within the final quarter. Institutional buyers and hedge funds personal 44.18% of the corporate’s inventory.
Analysts Set New Value Targets
Various analysis analysts have just lately commented on the inventory. Piper Sandler decreased their value goal on shares of Arrow Monetary to $33.00 in a analysis report on Wednesday, October fifth. StockNews.com started protection on shares of Arrow Monetary in a analysis observe on Wednesday, October twelfth. They set a “maintain” score for the corporate.
Arrow Monetary Firm Profile
Arrow Monetary Company, a financial institution holding firm, gives industrial and shopper banking, and monetary services. The corporate’s deposit merchandise embrace demand deposits, interest-bearing checking accounts, financial savings deposits, time deposits, and different time deposits. Its lending actions comprise industrial loans, equivalent to time period loans, time notes, and features of credit score; and industrial actual property loans to finance actual property purchases, refinancing, expansions, and enhancements to industrial properties, in addition to industrial development and land growth loans to finance tasks.
Additional Studying
This immediate information alert was generated by narrative science know-how and monetary knowledge from MarketBeat in an effort to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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