Arrow Financial Corp (AROW): David S. Demarco , SVP of Arrow Financial Corp sold 230 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were sold at $28.50 per share for a total value of $6,555.46 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 29, 2016, Thomas L Hoy (director other) sold 2,000 shares at $28.60 per share price.On Mar 14, 2016, John J Jr Carusone (director) sold 350 shares at $26.04 per share price.Also, On Dec 10, 2015, Colin L Read (director) sold 1,500 shares at $27.92 per share price.On Nov 10, 2015, David S. Demarco (SVP) sold 4,264 shares at $28.15 per share price.
Arrow Financial Corporation: On Friday, May 20, 2016 heightened volatility was witnessed in Arrow Financial Corporation which led to swings in the share price. The shares opened for trading at $28.23 and hit $28.619 on the upside , eventually ending the session at $28.35, with a gain of 1.00% or 0.28 points. The heightened volatility saw the trading volume jump to 15,482 shares. The 52-week high of the share price is $29.24 and the company has a market cap of $367,785 M . The 52-week low of the share price is at $24.54.
On Apr 27, 2016, Arrow Financial Corporation announced a cash dividend of $0.2500. The company’s management has announced Jun 1, 2016 as the ex-dividend date and fixed the record date on Jun 3, 2016. The payable date has been fixed on Jun 15, 2016.
Arrow Financial Corporation (Arrow) is a bank holding company. The Company’s banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) located in Glens Falls New York and Saratoga National Bank and Trust Company (Saratoga National) located in Saratoga Springs New York. The Company’s business consists primarily of the ownership supervision and control of its two banks. It provides advisory and administrative services and coordinates the general policies and operation of the banks. It offers commercial and consumer banking and financial products. Its deposit base consists of deposits derived from the communities it serves. Through its banks’ trust operations the Company provides retirement planning trust and estate administration services for individuals and pension profit-sharing and employee benefit plan administration for corporations.