Arrow Financial Corp (AROW) Stock Split History

Arrow Financial Corp has split its stock 12 times since its initial public offering (IPO). The first stock split occurred on September 30, 2003 with the ratio of 5-for-4, meaning that for 4 shares of AROW owned pre-split, shareholders then owned 5 shares. 11 more splits have been implemented since then. The most recent stock split took place on September 19, 2023 on a 103-for-100 basis.

These splits have increased AROW stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Arrow Financial Corp's total market capitalization.

For more detailed information of Arrow Financial Corp's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Arrow Financial Corp has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when AROW stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Arrow Financial Corp's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.