There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on December 24, Arrow Financial Corp.'s CEO, David S. Demarco, invested $96,452.30 into 3,035 shares of AROW, for a cost per share of $31.78. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Wednesday, bargain hunters could buy shares of Arrow Financial Corp. (Symbol: AROW) and achieve a cost basis even cheaper than Demarco, with shares changing hands as low as $31.50 per share. It should be noted that Demarco has collected $0.30/share in dividends since the time of their purchase, so they are currently up 0.1% on their purchase from a total return basis. Arrow Financial Corp. shares are currently trading down about 1.6% on the day. The chart below shows the one year performance of AROW shares, versus its 200 day moving average:
Looking at the chart above, AROW's low point in its 52 week range is $22.72 per share, with $36.44 as the 52 week high point — that compares with a last trade of $31.64. By comparison, below is a table showing the prices at which AROW insider buying was recorded over the last six months:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 10/08/2025 | Kristine D. Duffy | Director | 210 | $26.53 | $5,571.30 |
| 11/04/2025 | Penko Krassimir Ivanov | SEVP, Treasurer and CFO | 1,620 | $29.82 | $48,307.95 |
| 11/10/2025 | Daniel James White | Director | 1,644 | $30.14 | $49,550.16 |
| 12/24/2025 | David S. Demarco | President & CEO | 3,035 | $31.78 | $96,452.30 |
The current annualized dividend paid by Arrow Financial Corp. is $1.2/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/11/2026. Below is a long-term dividend history chart for AROW, which can be of good help in judging whether the most recent dividend with approx. 3.7% annualized yield is likely to continue.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
