Investment Analysts Update Ratings for Arrow Financial Shares

Investment analysts have recently updated their ratings and price targets for shares of Arrow Financial Corporation (NASDAQ: AROW). A series of assessments from brokerages over the past month indicate a stable outlook for the bank holding company, which specializes in commercial and consumer banking services.

Weiss Ratings has consistently reaffirmed a “hold (c+)” rating for Arrow Financial on multiple occasions, including assessments made on December 1, 2025, November 25, 2025, November 19, 2025, and November 13, 2025. This rating suggests a cautious approach toward the stock, reflecting analysts’ belief that the company will maintain its current status without significant growth in the immediate future.

In contrast, analysts at Hovde Group upgraded Arrow Financial’s rating from “market perform” to “outperform” on October 31, 2025. They also increased their price target for the stock from $28.50 to $33.50, indicating optimism about the company’s potential for growth.

Dividend Announcement and Insider Activity

In addition to analyst ratings, Arrow Financial recently announced a quarterly dividend of $0.29 per share, which was paid to stockholders on November 24, 2025. Shareholders of record on November 12, 2025 were eligible for this dividend, which represents an annualized dividend of $1.16 and a dividend yield of 3.8%. The company’s dividend payout ratio stands at 56.04%, reflecting a balanced approach to returning value to shareholders while retaining capital for growth.

Recent insider trading activity has also drawn attention. Chief Financial Officer Penko Krassimir Ivanov purchased 1,620 shares of Arrow Financial on November 4, 2025, at an average price of $29.82 per share, totaling approximately $48,308.40. This acquisition increased his ownership in the company to 26,394 shares, valued at around $787,069.08.

On November 10, 2025, Director Daniel James White also bought 1,644 shares at an average cost of $30.14 per share, amounting to $49,550.16. This purchase raised his stake to 6,890 shares, valued at approximately $207,664.60. Over the past 90 days, insiders have collectively acquired 8,264 shares, amounting to a total investment of $243,359. Insiders currently hold 3.28% of the company’s stock.

Arrow Financial Corporation continues to provide a range of financial products and services, including demand deposits, savings accounts, and various types of loans, such as commercial real estate loans and construction financing. As the company navigates its position in the banking sector, the recent updates from analysts and insider trading activities indicate a nuanced perspective on its future growth potential.