Nasdaq· National Commercial Banks· Inc. NY· CIK 0000717538

AROW

ARROW FINANCIAL CORP
$37.79 ▲ +1.40%
Prev close $37.27
Market cap$682.6M
ConsensusBuy
12-mo target$43.50 (+15.1%)
▲ Bullish
Analyst conviction 7/10
High Impact Filing (8/10)19 New Institutional Positions7 Institutional Exits Traditional Finance
Snapshot
The big-picture read on AROW right now — valuation, ownership and activity at a glance.
Market Cap
$682.6M
Cap Size
Small Cap
Analyst Consensus
Buy (67%)
Inst. Holders
50 funds
Inst. Value
$282.0M
Inst. Activity
19 buys / 7 sells
Insider Activity
$0.00 buy / $158.6K sell
Insider Net $
-$158.6K
SEC Reports
9
Price chart 30d -4.2%
Daily candles (open–high–low–close) with volume. Green = up day, red = down day.
Vol
Recent activity
The latest filings, insider trades, analyst actions, press and options flow — newest first.
Sep 23, 2026 Insider
Duffy Kristine D acquired 203 shares
Director @ $36.97 ($7.5K)
Sep 23, 2026 Insider
Jahnel Darrin acquired 298 shares
Director @ $36.97 ($11.0K)
Sep 23, 2026 Insider
Casaccio Tenee R acquired 304 shares
Director @ $36.97 ($11.2K)
Sep 10, 2026 SEC
Arrow Financial Corporation announced via press release that its subsidiary, Upstate Agency, LLC, has entered into a def
8-K — Impact 3/10
Jul 23, 2026 SEC
Arrow Financial reported Q2 2026 EPS of $0.66 ($0.71 adjusted for merger expenses), a significant miss vs the $0.85 cons
8-K — Impact 6/10
Jul 23, 2026 earnings_calendar
AROW Q2 2026 Earnings Scheduled — 2026-07-23
Jul 1, 2026 SEC
Arrow Financial completed its acquisition of Adirondack Bancorp on July 1, 2026, creating a combined company with approx
8-K — Impact 5/10
Jun 30, 2026 Inst.
STATE STREET CORP — ADD
490,098 shares ($20.1M)
Analyst ratings buy % -22.1%
How Wall Street rates the stock today, and the latest firm-by-firm actions.
Buy 67% rate it Buy or better · 9 analysts
Strong Buy 2 22% Buy 4 44% Hold 3 33% Sell 0 0% Strong Sell 0 0%
Recent analyst actions
DateFirmActionRatingFirm rating
Sep 2, 2026Raymond JamesINITIATEOutperform 54%
Jul 28, 2026Piper SandlerREITERATEOverweight 54%
Jun 25, 2026Keefe, Bruyette & WoodsINITIATEMarket Perform 58%
Monthly consensus history
PeriodStr. BuyBuyHoldSellStr. SellBuy %Distribution
Sep 1, 20262430067%
Aug 1, 20262430067%
Jul 1, 20262430067%
Jun 1, 2026003120%
May 1, 2026003120%
Apr 1, 2026003120%
Mar 1, 2026003120%
Feb 1, 20262410086%
Price targets
Where 4 covering analysts think AROW trades over the next 12 months.
$43.50 +15.1% upside Buy
Current$37.79 Low$42.00 Median$43.00 High$46.00 4 analysts
$42.00$46.00
Analyst rating None as of Oct 2, 2026
Reports & filings
AI-scored summaries of recent SEC filings and press releases, with sentiment and impact.
9 SEC filing reports analyzed · 2 bullish, 1 bearish, 0 mixed, 6 neutral · avg impact 4.6/10.
Upcoming & catalyst events
Scheduled dates plus disclosed catalysts — earnings, dividends, enforcement, FDA and clinical-trial events. Colored dot = impact.
Jul 23, 2026
earnings_calendar
AROW Q2 2026 Earnings Scheduled — 2026-07-23
Jul 22, 2026
earnings_calendar
AROW Q2 2026 Earnings Scheduled — 2026-07-22
Apr 28, 2026
earnings_calendar
AROW Q1 2026 Earnings Scheduled — 2026-04-28
Earnings estimates
Forecast earnings per share and revenue by period — and whether estimates are rising.
PeriodEPS Est.RangeGrowth30d RevUp/DnRevenue#
Current Q$0.94$0.92–$0.9415.4%+0.2%0↑ 3↓$0.1B4
Next Q$1.00$0.96–$1.0518.2%-0.8%1↑ 2↓$0.1B4
Current FY$3.51$3.45–$3.5528.0%-0.1%0↑ 3↓$0.2B4
Next FY$4.31$4.25–$4.3522.6%+0.3%1↑ 1↓$0.2B4
Current-quarter EPS estimate — revision history
WhenEPS estimateChange vs now
Current$0.935—
7d ago$0.933+0.002
30d ago$0.933+0.002
60d ago$0.973-0.038
90d ago$0.960-0.025
Institutional ownership
Which big funds own AROW (from quarterly 13F filings) and who is adding or trimming.
50 institutional holders with $282.0M total value (6,883,130 shares) as of 2026-Q2. Top holders: BlackRock,, DIMENSIONAL, VANGUARD. Net buying activity: 19 institutions added/increased vs 7 reduced.
Top holders — 2026-Q2
FundSharesValue% TrackedLast move
BlackRock, Inc.1,399,785$57.4M20.3%—
DIMENSIONAL FUND ADVISORS LP725,492$29.7M10.5%—
VANGUARD CAPITAL MANAGEMENT LLC623,719$25.6M9.1%—
STATE STREET CORP490,098$20.1M7.1%ADD +44.9%
AMERICAN CENTURY COMPANIES INC432,990$17.7M6.3%ADD +26.1%
GEODE CAPITAL MANAGEMENT, LLC409,589$16.8M6.0%—
MORGAN STANLEY224,482$9.2M3.3%ADD +26.2%
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC189,939$7.8M2.8%ADD +59.3%
RENAISSANCE TECHNOLOGIES LLC186,721$7.7M2.7%—
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP149,239$6.1M2.2%ADD +30.4%
Recent position changes
FundActionPrevCurrentChangeValue
STATE STREET CORPADD338,155490,098+44.9%$20.1M
AMERICAN CENTURY COMPANIES INCADD343,256432,990+26.1%$17.7M
MORGAN STANLEYADD177,809224,482+26.2%$9.2M
ARROWSTREET CAPITAL, LIMITED PARTNERSHIPADD114,449149,239+30.4%$6.1M
FMR LLCDOUBLED18,13265,192+259.5%$2.7M
CITADEL ADVISORS LLCDOUBLED19,03759,188+210.9%$2.4M
LOS ANGELES CAPITAL MANAGEMENT LLCADD41,07852,908+28.8%$2.2M
Quantinno Capital Management LPADD30,98941,833+35.0%$1.7M
AMERIPRISE FINANCIAL INCADD14,95128,217+88.7%$1.2M
Creative PlanningADD15,04322,103+46.9%$906.0K
Insider activity
Buying and selling by company executives and directors (SEC Form 4).
13 insiders, 50 transactions. Net -$158.6K — $0.00 bought, $158.6K sold.
DateInsiderTitleTypeSharesPriceValue
Sep 23, 2026Duffy Kristine DDirectorJ203$36.97$7.5K
Sep 23, 2026Jahnel DarrinDirectorJ298$36.97$11.0K
Sep 23, 2026Casaccio Tenee RDirectorJ304$36.97$11.2K
Sep 23, 2026White Daniel JamesDirectorJ228$36.97$8.4K
Sep 23, 2026Morris Philip CDirectorJ203$36.97$7.5K
Sep 23, 2026Read Colin LDirectorJ194$36.97$7.2K
Sep 23, 2026O'Conor Raymond FDirectorJ203$36.97$7.5K
Sep 23, 2026Behan MarkDirectorJ211$36.97$7.8K
Sep 23, 2026Dawsey James MDirectorJ389$36.97$14.4K
Sep 23, 2026CHAMPION GREGORY JDirectorJ423$36.97$15.6K
Short interest & halts
FINRA semi-monthly short positions, Reg SHO threshold status, and recent trading halts for AROW.
Shares short
616,293
Settlement Sep 15, 2026
Change vs prior
+13.1%
Semi-monthly cycle
Days to cover
8.0
At avg daily volume
Of shares outstanding
≈3.3%
Estimate — not % of float
All AROW filing & press-release reports (9)