Arrow Financial (NASDAQ:AROW) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Technical breakout: Arrow Financial's shares crossed above their 200‑day moving average of $32.70, trading as high as $37.34 and last at $37.07, signaling a potential bullish trend.
• Earnings beat: The firm reported quarterly EPS of $0.85 versus $0.79 expected and revenue of $53.79M vs. $43.80M estimates, with a net margin of 20.72% and ROE of 12.54%.
• Dividend yield: Arrow declared a quarterly dividend of $0.30 (annualized $1.20) for a 3.2% yield, with an ex‑dividend date of May 12 and payment on May 26.

Arrow Financial Corporation (NASDAQ:AROW - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $32.70 and traded as high as $37.34. Arrow Financial shares last traded at $37.07, with a volume of 52,364 shares.

Wall Street Analyst Weigh In

AROW has been the topic of several recent analyst reports. Hovde Group boosted their price objective on shares of Arrow Financial from $33.50 to $34.50 and gave the stock a "market perform" rating in a research note on Monday, February 2nd. Weiss Ratings upgraded shares of Arrow Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, April 27th. Finally, Wall Street Zen upgraded shares of Arrow Financial from a "hold" rating to a "buy" rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $34.50.

Arrow Financial Stock Performance

The stock's 50-day simple moving average is $34.60 and its 200-day simple moving average is $32.70. The stock has a market cap of $612.66 million, a price-to-earnings ratio of 12.00 and a beta of 0.78. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06.

Arrow Financial (NASDAQ:AROW - Get Free Report) last announced its earnings results on Thursday, April 30th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.06. Arrow Financial had a net margin of 20.72% and a return on equity of 12.54%. The firm had revenue of $53.79 million for the quarter, compared to analyst estimates of $43.80 million.

Arrow Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, May 12th. Arrow Financial's dividend payout ratio is presently 38.83%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AROW. BNP Paribas Financial Markets grew its position in shares of Arrow Financial by 67.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,612 shares of the financial services provider's stock worth $43,000 after purchasing an additional 648 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Arrow Financial by 2,045.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,523 shares of the financial services provider's stock worth $43,000 after purchasing an additional 1,452 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Arrow Financial by 27.7% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,557 shares of the financial services provider's stock worth $49,000 after purchasing an additional 338 shares in the last quarter. CWM LLC grew its position in shares of Arrow Financial by 159.5% during the 3rd quarter. CWM LLC now owns 1,754 shares of the financial services provider's stock worth $50,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Arrow Financial by 306.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,390 shares of the financial services provider's stock worth $63,000 after purchasing an additional 1,802 shares in the last quarter. Institutional investors and hedge funds own 46.71% of the company's stock.

About Arrow Financial

Arrow Financial Corporation is a bank holding company headquartered in Glens Falls, New York, that conducts its primary operations through its subsidiary, Glens Falls National Bank & Trust Company. The company provides a comprehensive suite of retail and commercial banking services, including checking and savings accounts, consumer and commercial lending, mortgage financing, and cash management solutions. Through its branch network, Arrow Financial serves individuals, small- and medium-sized businesses, and nonprofit organizations across the Adirondack region, Upper Hudson Valley, Mohawk Valley and parts of Central New York.

In addition to traditional banking, Arrow Financial has developed a robust wealth management and trust services division.

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