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Ivanov, Arrow Financial CFO, buys $145499 in AROW stock

Published 12/09/2025, 16:36
Ivanov, Arrow Financial CFO, buys $145499 in AROW stock
AROW
0.34%

Penko Krassimir Ivanov, SEVP, Treasurer and CFO of Arrow Financial Corp (NASDAQ:AROW), a $479 million market cap financial institution, recently purchased 5,000 shares of the company’s common stock, according to a Form 4 filing with the Securities and Exchange Commission. The shares were acquired in two transactions on September 10, 2025, with prices ranging from $29.09 to $29.10, totaling $145499. According to InvestingPro analysis, the stock appears undervalued at current levels.

Specifically, Ivanov purchased 4,900 shares at $29.10 and 100 shares at $29.09. Following these transactions, Ivanov directly owns 24,744 shares of Arrow Financial Corp . The company trades at a P/E ratio of 15.9x and offers a 4% dividend yield, with a remarkable 32-year track record of consecutive dividend increases. InvestingPro subscribers can access additional insights and metrics about Arrow Financial’s valuation and growth prospects.

In other recent news, Arrow Financial Corporation reported a second-quarter net income of $10.8 million, or $0.65 per diluted share. This marks a notable increase from the first quarter’s net income of $6.3 million, or $0.38 per share. Additionally, the company’s board of directors has declared a quarterly cash dividend of $0.29 per share, reflecting a 3.6% increase from the previous quarter. This dividend is set to be payable on August 25 to shareholders recorded by August 11.

In another development, Arrow Financial has signed a six-month professional services agreement with David D. Kaiser, its former Senior Executive Vice President and Chief Credit Officer. The agreement, effective recently, was disclosed in a filing with the Securities and Exchange Commission. Kaiser, who retired at the end of June 2025, will now provide services as directed by the company’s CEO, receiving $2,500 per month plus reimbursement for approved expenses.

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