AROW

ARROW FINANCIAL CORP

Nasdaq · National Commercial Banks · Inc. NY · CIK 0000717538
$39.86 +4.59% $658.8M
High Impact Filing (8/10)11 New Institutional Positions
Vol
Market Cap$658.8M
Cap SizeSmall Cap
Inst. Holders50 funds
Inst. Value$173.3M
Inst. Activity11 buys / 1 sells
SEC Reports6
Exchange Nasdaq·Sector National Commercial Banks·Inc. NY·CIK 0000717538·Prev Close $38.11

Recent Activity

Jun 10, 2026 Insider
O'Conor Raymond F gifted 300 shares
Director
Jun 3, 2026 SEC
Arrow Financial Corporation held its 2026 Annual Meeting of Shareholders on June 3, 2026, and furnished the investor pre
8-K — Impact 6/10
May 26, 2026 Insider
Read Colin L gifted 119 shares
Director
May 20, 2026 Insider
Read Colin L gifted 500 shares
Director
May 8, 2026 SEC
Arrow Financial Corp's S-4 registration statement covering a merger transaction was declared effective by the SEC on May
EFFECT — Impact 5/10
Apr 30, 2026 SEC
Arrow Financial Corp reported Q1 2026 net income of $13.5M ($0.82 EPS), down sequentially from $14.0M ($0.85 EPS) in Q4
8-K — Impact 4/10
Inst.
HOTCHKIS & WILEY CAPITAL — ADD
186,239 shares ($6.3M)
Inst.
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP — ADD
114,449 shares ($3.8M)

Price Targets

Historical data — last covering-analyst action May 2025. No current recommendation available.
$40.50 (May 2025)
Current $39.86 Low $38.00 Median $40.50 High $43.00 2 analysts
$38.00 $43.00

Analyst Ratings

Historical distribution0% buy · 6 analysts · last covering-analyst action May 2025
0Strong Buy
0Buy
3Hold
1Sell
2Strong Sell
Historical Analyst Actions
DateFirmActionRating
May 5, 2025 Piper Sandler MAINTAIN Neutral → Neutral
Feb 4, 2025 Piper Sandler MAINTAIN Neutral → Neutral
Jan 9, 2024 Hovde Group INITIATE Market Perform
Sep 28, 2020 Piper Sandler MAINTAIN Neutral

Earnings Estimates

PeriodEPS Est.RangeGrowth#
Current Q $0.84 ▲ +1.8% $0.83 — $0.86 21% YoY 2
Next Q $0.98 ▲ +2.6% $0.96 — $1.01 22% YoY 2
Current FY $3.75 ▲ +1.4% $3.70 — $3.80 37% YoY 2
Next FY $4.35 ▲ +1.2% $4.30 — $4.40 16% YoY 2

Top Institutional Holders

FundValueMove
BlackRock, Inc.$42.0M
DIMENSIONAL FUND ADVISORS LP$24.5M
VANGUARD CAPITAL MANAGEMENT LLC$21.4M
STATE STREET CORP$11.4M
RENAISSANCE TECHNOLOGIES LLC$7.7M

Recent Insider Trades

DateInsiderTypeValue
Jun 10, 2026O'Conor RaymondG$0.00
May 26, 2026Read ColinG$0.00
May 20, 2026Read ColinG$0.00
May 19, 2026Morris PhilipM$12.1K
May 18, 2026Read ColinG$0.00
50 institutional holders with $173.3M total value (5,164,148 shares) as of 2026-Q1. Top holders: BlackRock,, DIMENSIONAL, VANGUARD. Net buying activity: 11 institutions added/increased vs 1 reduced.

Top Institutional Holders — 2026-Q1

#FundSharesValue% of TrackedLast Move
1BlackRock, Inc.1,251,257$42.0M24.2%
2DIMENSIONAL FUND ADVISORS LP730,471$24.5M14.1%
3VANGUARD CAPITAL MANAGEMENT LLC637,527$21.4M12.3%
4STATE STREET CORP338,155$11.4M6.5%
5RENAISSANCE TECHNOLOGIES LLC230,284$7.7M4.5%
6HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC186,239$6.3M3.6%ADD +59.3%
7MORGAN STANLEY177,809$6.0M3.4%ADD +47.2%
8CHARLES SCHWAB INVESTMENT MANAGEMENT INC122,261$4.1M2.4%
9VANGUARD PORTFOLIO MANAGEMENT LLC121,575$4.1M2.4%
10Rockefeller Capital Management L.P.120,305$4.0M2.3%
11ARROWSTREET CAPITAL, LIMITED PARTNERSHIP114,449$3.8M2.2%ADD +71.6%
12MARSHALL WACE, LLP109,416$3.7M2.1%DOUBLED +117.2%
13Connor, Clark & Lunn Investment Management Ltd.103,260$3.5M2.0%ADD +38.9%
14GOLDMAN SACHS GROUP INC95,413$3.2M1.8%
15VANGUARD FIDUCIARY TRUST CO91,916$3.1M1.8%
16VOYA INVESTMENT MANAGEMENT LLC90,626$3.0M1.8%
17TWO SIGMA INVESTMENTS, LP86,517$2.9M1.7%ADD +30.7%
18JOHNSON INVESTMENT COUNSEL INC62,192$2.1M1.2%ADD +48.1%
19Nuveen, LLC49,167$1.7M1.0%
20LOS ANGELES CAPITAL MANAGEMENT LLC41,078$1.4M0.8%DOUBLED +118.5%

Recent Position Changes

FundActionPrev SharesCurr SharesChange %ValueQuarter
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLCADD116,889186,239+59.3%$6.3M2026-Q1
ARROWSTREET CAPITAL, LIMITED PARTNERSHIPADD66,697114,449+71.6%$3.8M2026-Q1
MARSHALL WACE, LLPDOUBLED50,387109,416+117.2%$3.7M2026-Q1
Connor, Clark & Lunn Investment Management Ltd.ADD74,328103,260+38.9%$3.5M2026-Q1
LOS ANGELES CAPITAL MANAGEMENT LLCDOUBLED18,80041,078+118.5%$1.4M2026-Q1
HighTower Advisors, LLCADD20,13135,491+76.3%$1.2M2026-Q1
FRANKLIN RESOURCES INCADD10,76420,863+93.8%$700.4K2026-Q1
FMR LLCDOUBLED5,35518,132+238.6%$608.7K2026-Q1
DEUTSCHE BANK AG\ADD6,83512,381+81.1%$415.6K2026-Q1
CWM, LLCADD2,5613,552+38.7%$119.2K2026-Q1
Allworth Financial LPDOUBLED18144+700.0%$4.8K2026-Q1
NISA INVESTMENT ADVISORS, LLCNEAR_EXIT56315-97.3%$504.002026-Q1
TWO SIGMA INVESTMENTS, LPADD61,48680,374+30.7%$2.5M2025-Q4
ARROWSTREET CAPITAL, LIMITED PARTNERSHIPDOUBLED22,56666,697+195.6%$2.1M2025-Q4
MARSHALL WACE, LLPADD26,54850,387+89.8%$1.6M2025-Q4
BANK OF AMERICA CORP /DE/ADD17,52428,055+60.1%$880.9K2025-Q4
WELLS FARGO & COMPANY/MNADD12,79020,867+63.2%$655.2K2025-Q4
LOS ANGELES CAPITAL MANAGEMENT LLCADD10,45018,800+79.9%$509.9K2025-Q4
Trexquant Investment LPADD7,0869,563+35.0%$300.3K2025-Q4
FIRST TRUST ADVISORS LPTRIM9,1076,511-28.5%$204.4K2025-Q4
PRICE T ROWE ASSOCIATES INC /MD/ADD26,54939,598+49.2%$1.2K2025-Q4
Allworth Financial LPADD1018+80.0%$566.002025-Q4
CWM, LLCADD1,7542,561+46.0%$80.002025-Q4
TWO SIGMA INVESTMENTS, LPADD47,56761,486+29.3%$1.7M2025-Q3
AMERIPRISE FINANCIAL INCTRIM26,35415,690-40.5%$444.0K2025-Q3
18 unique insiders with 41 transactions. Net insider value: $0.00 ($0.00 bought, $0.00 sold).

Insider Transactions

DateInsiderTitleTypeSharesPriceValue
Jun 10, 2026O'Conor Raymond FDirectorGIFT300
May 26, 2026Read Colin LDirectorGIFT119
May 20, 2026Read Colin LDirectorGIFT500
May 19, 2026Morris Philip CDirectorEXERCISE386$31.47$12.1K
May 18, 2026Read Colin LDirectorGIFT525
May 11, 2026Morris Philip CDirectorJ27$36.69$990.63
May 11, 2026Morris Philip CDirectorEXERCISE546$27.04$14.8K
May 11, 2026Read Colin LDirectorGIFT1,876
Apr 13, 2026Morris Philip CDirectorJ28$36.33$1.0K
Mar 18, 2026O'Conor Raymond FDirectorJ236$31.76$7.5K
Mar 18, 2026Read Colin LDirectorJ226$31.76$7.2K
Mar 18, 2026KRUCZLNICKI DAVID GDirectorJ266$31.76$8.4K
Mar 18, 2026Miller ElizabethDirectorJ453$31.76$14.4K
Mar 18, 2026CHAMPION GREGORY JDirectorJ492$31.76$15.6K
Mar 18, 2026Casaccio Tenee RDirectorJ354$31.76$11.2K
Mar 18, 2026Jahnel DarrinDirectorJ462$31.76$14.7K
Mar 18, 2026White Daniel JamesDirectorJ266$31.76$8.4K
Mar 18, 2026Dawsey James MDirectorJ453$31.76$14.4K
Mar 18, 2026Morris Philip CDirectorJ236$31.76$7.5K
Mar 18, 2026Duffy Kristine DDirectorJ236$31.76$7.5K
Mar 18, 2026Behan MarkDirectorJ246$31.76$7.8K
Mar 11, 2026Morris Philip CDirectorJ31$34.49$1.1K
Feb 11, 2026Morris Philip CDirectorJ29$35.08$1.0K
Jan 28, 2026Duffy Kristine DDirectorAWARD818$32.43$26.5K
Jan 28, 2026White Daniel JamesDirectorAWARD818$32.43$26.5K
Jan 28, 2026O'Conor Raymond FDirectorAWARD818$32.43$26.5K
Jan 28, 2026Morris Philip CDirectorAWARD818$32.43$26.5K
Jan 28, 2026Miller ElizabethDirectorAWARD818$32.43$26.5K
Jan 28, 2026KRUCZLNICKI DAVID GDirectorAWARD818$32.43$26.5K
Jan 28, 2026Dawsey James MDirectorAWARD818$32.43$26.5K
Jan 28, 2026CHAMPION GREGORY JDirectorAWARD818$32.43$26.5K
Jan 28, 2026Casaccio Tenee RDirectorAWARD818$32.43$26.5K
Jan 28, 2026Behan MarkDirectorAWARD818$32.43$26.5K
Jan 28, 2026Jahnel DarrinDirectorAWARD69$32.43$2.2K
Jan 28, 2026Read Colin LDirectorAWARD818$32.43$26.5K
Jan 28, 2026Yrsha MarcSEVP, Chief Banking OfficerAWARD4,058$32.43$131.6K
Jan 28, 2026DeMarco David S.President & CEOAWARD11,084$32.43$359.5K
Jan 28, 2026Ivanov Penko KrassimirSEVP, Treasurer and CFOAWARD4,558$32.43$147.8K
Jan 28, 2026Jacobs Michael JosephEVP, Chief Information OfficerAWARD2,406$32.43$78.0K
Jan 28, 2026Pancoe Brooke MEVP, Chief HR OfficerAWARD2,406$32.43$78.0K
Jan 28, 2026Wise Andrew JSEVP, Chief Risk OfficerAWARD4,058$32.43$131.6K

No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.

Historical analyst distribution (last covering-analyst action May 2025): 0% buy across 6 analysts — 0 strong buy, 0 buy, 3 hold, 1 sell, 2 strong sell. No current recommendation available.

Analyst Price Targets

Historical data — last covering-analyst action May 2025. No current recommendation available.
$40.50 mean target (May 2025)
$38.00 Low $43.00 High
MetricValue
Current Price$39.86
Target Low$38.00
Target Mean$40.50
Target Median$40.50
Target High$43.00
# Analysts2
Recommendation— (no recent coverage)

Earnings Estimates & Revisions

PeriodEPS AvgEPS LowEPS HighEPS Growth30d Rev.Up/DownRev. AvgRev. GrowthAnalysts
Current Q
2026-06-30
$0.84 $0.83 $0.86 20.7% +1.8% $0.0B 13.4% 2
Next Q
2026-09-30
$0.98 $0.96 $1.01 21.6% +2.6% 1↑ 0↓ $0.1B 35.8% 2
Current FY
2026-12-31
$3.75 $3.70 $3.80 36.7% +1.4% 1↑ 0↓ $0.2B 26.0% 2
Next FY
2027-12-31
$4.35 $4.30 $4.40 16.0% +1.2% 0↑ 1↓ $0.2B 17.2% 2

Current Quarter EPS Revision History

TimepointEPS EstimateChange
Current$0.845
7d ago$0.830+0.015
30d ago$0.830+0.015
60d ago$0.830+0.015
90d ago$0.830+0.015
2 analyst firms have rated this stock: 0 upgrades, 0 downgrades, 1 initiations.

Historical Analyst Actions

DateAnalyst FirmActionPrevious RatingNew Rating
May 5, 2025 Piper Sandler MAINTAIN Neutral Neutral
Feb 4, 2025 Piper Sandler MAINTAIN Neutral Neutral
Jan 9, 2024 Hovde Group INITIATE Market Perform
Sep 28, 2020 Piper Sandler MAINTAIN Neutral

Monthly Consensus History

PeriodStrong BuyBuyHoldSellStrong SellBuy %Distribution
Jun 1, 2026003120%
May 1, 2026003120%
Apr 1, 2026003120%
Mar 1, 2026003120%
Feb 1, 20262410086%
Jan 1, 20262410086%
Strong BuyBuyHoldSellStrong Sell

No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.

No Reddit sentiment data available yet. Sentiment is analyzed from Reddit investment communities on a rolling basis.

Apr 28, 2026
earnings_calendar
AROW Q1 2026 Earnings Scheduled — 2026-04-28