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Arrow Financial Corp Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest was filed 30 Dec 2025.
Arrow Financial Corp: what insiders have been doing
This page follows insider dealings at Arrow Financial Corp as filed with SEC (Form 4), a company from the Finance & Banking sector based in Glens Falls, United States. In the past year (18 October 2025 to 18 October 2026), 102 filings came from 19 insiders.
Open-market activity splits into 3 purchases totalling €167k and 1 sale; 3 insiders sit on the buying side and 1 insider on the selling side. The totals exclude 1 filing filed without an amount. Unlike grants, an open-market purchase is paid for by the insider, at the market price. One trade stands out by size: a purchase of €82k from DeMarco David S., disclosed on 30 December 2025, or 0.016% of market capitalisation. Those buying include 1 finance chief, 1 senior executive and 1 chief executive.
Compared with its exchange (5,810 companies, median 19 filings), a count of 102 filings is above the norm. Over the whole record (from 2016), the tally stands at 22 purchases and 29 sales. The 10-K for the year ended 31 December 2025 shows 44.0 m USD of net income and a dividend of 1.14 USD per share.
In the case of 1 purchase, another manager of the company was buying within the same 30 days. Purchases made close together by different insiders form what is called a cluster. The last purchase on record was published on 30 December 2025, which is 292 days ago. The median gap between a trade and its publication by SEC (Form 4) is 2 days. US insiders must file a Form 4 within two business days of a trade.
Elsewhere in the same sector, our signals recently picked up insider purchases at First Guaranty Bancshares, Inc. and Avidia Bancorp, Inc. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
383
Thresholds
n/a
Buy Volume
€929,666
22 ops. · all time
Sell Volume
€729,828
29 ops. · all time
Who traded when
BuySaleRaymond F. O'Conor6 sales
Penko Krassimir Ivanov4 buys
Daniel James White1 buy
David S. DeMarco1 buy
Mark Behan1 sale
Since the insiders bought
- +6.9%Entry US$31.40 · Close at T+90 US$33.57
- +12.5%Entry US$31.09 · Close at T+90 US$34.97
- +19.1%Entry US$30.15 · Close at T+90 US$35.90
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Arrow Financial Corp Buy (bullish), based on 4 analysts. Average price target: US$43.50.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 2,076 of 24,161 companies
75.0
score / 100
Value70
Quality80
FCF yld5.3%
Earn yld6.4%
EV/EBITDA·
ROE12%
Gross mgn·
Net mgn26%
Debt/EBITDA·
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$36.18
Analyst consensus
4 analystsBuy
US$42.00Target US$43.50(+20%)US$46.00
Income statement
RevenueUS$165.6M
Net incomeUS$43.8M30.1% margin
Valuation
PER (trailing)11.8x
PER (forward)8.4x
P/Book1.3x
Beta0.74
Balance sheet & cash
Market capUS$670.2M
Total debtUS$29.2M
Free Cash FlowUS$36.2M
Profitability & ownership
ROE12.0%
ROA1.2%
% insiders3.0%
% institutions54.3%
Last declaration on 25 September 2026
Declarations383 total
194 shares@ US$36.970.0010% mcap1.3% of flowCommon StockSEC:0001575917-26-000010:0
304 shares@ US$36.970.0016% mcap3.5% of flowCommon StockSEC:0001594166-26-000009:0
211 shares@ US$36.970.0011% mcap1.6% of flowCommon StockSEC:0001692175-26-000018:0
228 shares@ US$36.970.0012% mcap6.5% of flowCommon StockSEC:0002045771-26-000008:0
186 shares@ US$36.970.0010% mcap100.0% of flowCommon StockSEC:0002143460-26-000005:0
389 shares@ US$36.970.0021% mcap11.6% of flowCommon StockSEC:0002044148-26-000009:0
140 shares0Common StockSEC:0001463247-26-000014:0
228 shares@ US$36.970.0012% mcap2.7% of flowCommon StockSEC:0001184681-26-000008:0
423 shares@ US$36.970.0023% mcap7.9% of flowCommon StockSEC:0001288542-26-000008:0
203 shares@ US$36.970.0011% mcap0.8% of flowCommon StockSEC:0001463247-26-000014:1
203 shares@ US$36.970.0011% mcap9.7% of flowCommon StockSEC:0002043837-26-000008:0
203 shares@ US$36.970.0011% mcap7.7% of flowCommon StockSEC:0002044126-26-000020:0
298 shares@ US$36.970.0016% mcap39.8% of flowCommon StockSEC:0002099655-26-000008:0
1,771 shares@ US$30.260.0077% mcap5.2% of flowCommon StockSEC:0001463249-26-000008:0
1,504 shares@ US$39.570.0085% mcap5.8% of flowCommon StockSEC:0001463249-26-000008:1
4,379 shares@ US$30.260.019% mcap12.8% of flowCommon StockSEC:0001463249-26-000006:0
3,752 shares@ US$38.160.020% mcap13.8% of flowCommon StockSEC:0001463249-26-000006:1
3,346 shares@ US$27.040.013% mcap8.8% of flowCommon StockSEC:0001463249-26-000004:0
1,093 shares@ US$27.040.0042% mcap5.9% of flowCommon StockSEC:0001692175-26-000016:0
760 shares@ US$38.860.0042% mcap5.9% of flowCommon StockSEC:0001692175-26-000016:1
2,596 shares@ US$39.250.015% mcap9.9% of flowCommon StockSEC:0001463249-26-000004:1
1,126 shares@ US$31.340.0051% mcap7.1% of flowCommon StockSEC:0001692175-26-000014:0
901 shares@ US$39.130.0051% mcap7.1% of flowCommon StockSEC:0001692175-26-000014:1
773 shares@ US$31.470.0035% mcap4.9% of flowCommon StockSEC:0001692175-26-000012:0
608 shares@ US$39.970.0035% mcap4.9% of flowCommon StockSEC:0001692175-26-000012:1
25 of 383 declarations
About Arrow Financial Corp
Arrow Financial Corp. (ticker: AROW) is a U.S. bank holding company listed on the Nasdaq in the United States (United States). Headquartered in Glens Falls, New York, the company has a distinctly regional footprint and serves the financial needs of northeastern New York, with commercial coverage running roughly from Plattsburgh to Albany. Its business model combines community banking, insurance, and wealth management, making Arrow a diversified regional financial institution rather than a pure-play lender.
Founded in 1983, Arrow has grown through a mix of organic expansion and local franchise consolidation, building on long-established banking brands in upstate New York. A major strategic milestone was the unification of its two banking subsidiaries, completed in July 2025, into Arrow Bank, National Association. That integration was designed to simplify the operating structure, standardize systems, and improve efficiency. Alongside the bank, Arrow also owns Upstate Agency, LLC, which provides insurance services, and it maintains wealth management capabilities that add recurring fee income to the earnings mix.
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Arrow’s product set is typical of a well-rounded regional financial services platform: deposit accounts, online and mobile banking, residential mortgages, commercial loans, commercial real estate lending, treasury and cash-management services, investment products, and wealth advisory offerings. The insurance business and wealth management franchise are important non-interest revenue drivers, helping diversify the company away from sole dependence on net interest income. This multi-line structure can support earnings resilience, particularly when loan growth or margin conditions are uneven.
From a competitive perspective, Arrow occupies a solid position among smaller regional banks in northern New York. Its strengths are local market knowledge, long-standing customer relationships, and a community-oriented franchise with a recognizable brand. At the same time, its geographic concentration means performance is tied closely to regional economic conditions, credit trends in its core markets, and competitive pressure from larger national banks, credit unions, and digital banking alternatives.
Recent developments have been constructive. Arrow reported net income of $14.0 million for the fourth quarter of 2025, followed by first-quarter 2026 net income of $13.5 million and an increased quarterly dividend of $0.30 per share. Management also pointed to growth in wealth management and insurance-related revenue, while noting non-core merger expenses tied to the acquisition of Adirondack Bancorp. For investors tracking U.S. regional financials and SEC Form 4 insider activity, AROW presents a classic income-oriented profile: conservative banking, fee diversification, a clear regional niche, and ongoing operational integration efforts.
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