Arrow Financial Corporation· AROW

🇺🇸 US · SmallBroad USNASDAQ

Financial ServicesBanks - RegionalWebsite

Price: $40.79
Day: +1.14%
Mkt Cap: $674.22M
52W Range: $25.88 – $42.70
Volume: 70.1K
Beta: 0.74

D55D FrameworkQuarterly Data

Holdings Analysis

Insider activity, institutional flows, and fund ownership.

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stockoscope.com

Arrow Financial Corporation

AROW|Financial Services|Banks - Regional

Current price: $41

Smart Money

Dimension 5 of 5

Insider Activity, Q2 2026

Latest scored quarter, net flow, and top transactions by value

Net dollar flow-$158.6K

Net share flow-4.1K

Purchases0 ($0)

Sales1 ($158.6K)

Top Notable Transactions

Insider

Type

Value

Date

Ivanov Penko Krassimir

Purchase

$206.4K

Aug 27

Read Colin L

Purchase

$160.0K

Oct 30

Behan Mark

Sale

$158.6K

Jun 17

Institutional Ownership, Q1 2026

Ownership share, position changes, share flow, and top holders

Ownership55.2%

13F share flow+4.2%

Investors holding138

+100 adding-58 reducing

New 23Inc 77Red 38Closed 20

Top Institutional Holders

Institution

Value

Change

ARROW FINANCIAL CORP

$63.1M

-0.3%

BLACKROCK, INC.

$42.0M

-0.7%

DIMENSIONAL FUND ADVISORS LP

$24.5M

+0.3%

GEODE CAPITAL MANAGEMENT, LLC

$12.5M

+1.2%

ETF & Mutual Fund Activity, Q2 2026

Latest meaningful quarter: fund-by-fund buying / unchanged / selling

Funds reporting60

Total shares held2.7M

Share flow+9.4%

17 buying12 selling

Buying 17Unchanged 31Selling 12

Top Fund Holders

Fund

Weight

Change

iSHARES TRUST

631.8K

0.00%

AMERICAN CENTURY ETF TRUST

390.7K

0.16%

+61.3K

FIDELITY CONCORD STREET TRUST

134.2K

0.05%

-282

VANGUARD SCOTTSDALE FUNDS

97.8K

0.00%

+3.4K

See the complete picture

The full 5D Framework: Business Quality · Peer Comparison · Valuation · Analyst Sentiment · Smart Money

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Generated August 5, 2026

For educational purposes only. Not financial advice. Data may be delayed or incomplete.

Smart Money Sentiment

AROW Smart Money Sentiment Score

A weighted 1-5 sentiment score across three smart money signals.

Smart Money

3.0/5

Neutral

Weighted across 3 components

Component Breakdown (3 of 3 available)

Insider Activity

40% weight

-14

Institutional Flow

50% weight

Fund Flow

10% weight

+25

Overall Smart Money sentiment of 3.0/5 (Neutral) based on a weighted combination of 3 components. Insider activity uses a relative-baseline comparison against the stock's own history; institutional flow tracks position momentum and 13F share changes; fund flow measures ETF / mutual-fund buying vs selling. Higher scores indicate stronger bullish sentiment from professional investors.Last updated August 4, 2026.

Insider Trading Activity

Insider trading analysis comparing the latest quarter against the stock's own historical baseline.

Insider Activity for AROW

Net insider share flow by quarter (C-suite & director purchases minus sales)

Neutral

Routine insider selling in Q2 2026

1 sale totaling $158.6K (4.1K shares)

Share volume is elevated at 1.5x the historical average

Buying seen in 3 of 7 quarters

Net insider flow has improved over recent quarters

Notable Recent Transactions, AROW

Top 8 highest-value recent insider trades

Ivanov Penko Krassimir

CFO

Buy

6,997 shares at $29.50

Aug 27, 2025$206.41K

Read Colin L

Director

Buy

7,500 shares at $21.33

Oct 30, 2023$159.97K

Behan Mark

Director

Sell

4,110 shares at $38.59

Jun 17, 2026$158.60K

Read Colin L

Director

Buy

7,500 shares at $20.66

Oct 27, 2023$154.95K

Ivanov Penko Krassimir

CFO

Buy

4,900 shares at $29.10

Sep 10, 2025$142.59K

Ivanov Penko Krassimir

CFO

Buy

3,925 shares at $29.38

Aug 27, 2025$115.32K

White Daniel James

Director

Buy

3,668 shares at $27.23

Jan 31, 2025$99.88K

DAKE GARY C

Director

Buy

4,800 shares at $20.58

Oct 27, 2023$98.78K

Institutional Ownership Analysis

Institutional ownership analysis with position momentum, 13F share flow, and ownership percentage trends.

Institutional Ownership Over Time for AROW

Total dollar value invested by institutions each quarter

Neutral

Mixed institutional activity in Q1 2026

55.2% institutional ownership

Moderate accumulation: 100 adding vs 58 reducing

13F shares decreased by 4.0%, a notable change

Momentum weakening from prior quarter

Position Changes

Q2 2026: how are institutions adjusting their positions?

+15 growing-123 shrinkingNet: -108

114

New (5)

Increased (10)

Reduced (9)

Closed (114)

Top Institutional Holders, AROW

Largest 8 institutional positions by ownership percentage as of Q2 2026

ARROW FINANCIAL CORP

1.9M

$76.2M

Ownership

11.35%

-1.0%

JOHNSON INVESTMENT COUNSEL INC

62.2K

$2.5M

Ownership

0.38%

No change

SUMMERHAVEN INVESTMENT MANAGEMENT, LLC

27.6K

$1.1M

Ownership

0.17%

No change

ATRIA INVESTMENTS, INC

25.0K

$1.0M

Ownership

0.15%

-2.4%

PRIVATE ADVISOR GROUP, LLC

24.4K

$1000.0K

Ownership

0.15%

No change

COMMONWEALTH EQUITY SERVICES, LLC

20.9K

$857.7K

Ownership

0.13%

-7.0%

ALPS ADVISORS INC

15.4K

$633.1K

Ownership

0.09%

+1.3%

CITIGROUP INC

14.6K

$599.3K

Ownership

0.09%

+382.2%

ETF and Mutual Fund Holdings

ETF and mutual fund activity breakdown showing buying vs selling funds, top fund holders, and detailed holdings.

Fund Activity

Q2 2026: 60 ETFs and mutual funds reporting

17 buying12 sellingNet: +5

Buying (17)

Unchanged (31)

Selling (12)

Bullish Signal

Funds accumulating in Q2 2026

60 ETFs and mutual funds reporting

17 buying vs 12 selling (balanced)

Top Fund Holders, AROW

Largest 8 ETF and mutual fund positions by shares held as of latest filing

iSHARES TRUST

631.8K

Weight

0.00%

No change

AMERICAN CENTURY ETF TRUST

390.7K

Weight

0.16%

Increased

FIDELITY CONCORD STREET TRUST

134.2K

Weight

0.05%

Decreased

VANGUARD SCOTTSDALE FUNDS

97.8K

Weight

0.00%

Increased

SCHWAB STRATEGIC TRUST

78.7K

Weight

0.03%

Decreased

WisdomTree Trust

34.0K

Weight

0.00%

No change

VANGUARD WORLD FUND

26.6K

Weight

0.01%

Decreased

Voya EQUITY TRUST

25.9K

Weight

0.24%

Decreased

Arrow Financial Corporation· AROW

Holdings Analysis

Insider Trading Activity

1.3Transaction History70Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings53Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights

Search stocks

Holdings Analysis

Insider Trading Activity

1.3Transaction History70Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings53Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights