About Arrow Financial Corporation (NASDAQ:AROW)
Arrow Financial Corporation (Arrow) is a bank holding company. The Company's banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and Saratoga National Bank and Trust Company (Saratoga National). It operates in community banking industry segment. The Company's business consists primarily of the ownership, supervision and control of its two banks. It provides advisory and administrative services and coordinates the general policies and operation of the banks. The Company offers a range of commercial and consumer banking, and financial products. Its deposit base consists of deposits derived from the communities it serves. Through its banks' trust operations, the Company provides retirement planning, trust and estate administration services for individuals, and pension, profit-sharing and employee benefit plan administration for corporations.
Industry, Sector and Symbol:
- Industry: Banks
- Sub-Industry: Regional Banks
- Sector: Banks - NEC
- Symbol: NASDAQ:AROW
- CUSIP: 04274410
- Web: www.arrowfinancial.com
- Debt-to-Equity Ratio: 0.44%
- Current Ratio: 0.83%
- Quick Ratio: 0.83%
Sales & Book Value:
- Trailing P/E Ratio: 17.43
- Annual Sales: $104.75 million
- Price / Sales: 4.66
- Cash Flow: $2.36 per share
- Price / Cash: 14.88
- Book Value: $17.57 per share
- Price / Book: 1.99
- Annual Dividend: $0.97
- Dividend Yield: 2.8%
- Trailing EPS: $1.99
- Net Income: $26.53 million
- Net Margins: 25.36%
- Return on Equity: 11.68%
- Return on Assets: 1.04%
- Employees: 524
- Outstanding Shares: 13,920,000
Frequently Asked Questions for Arrow Financial Corporation (NASDAQ:AROW)
What is Arrow Financial Corporation's stock symbol?
Arrow Financial Corporation trades on the NASDAQ under the ticker symbol "AROW."
How often does Arrow Financial Corporation pay dividends? What is the dividend yield for Arrow Financial Corporation?
Arrow Financial Corporation announced a quarterly dividend on Thursday, October 26th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.25 per share on Friday, December 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Thursday, November 30th. This is an increase from Arrow Financial Corporation's previous quarterly dividend of $0.24. View Arrow Financial Corporation's Dividend History.
How will Arrow Financial Corporation's stock buyback program work?
Arrow Financial Corporation declared that its board has authorized a stock repurchase program on Saturday, October 28th 2017, which authorizes the company to repurchase $5,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.
How were Arrow Financial Corporation's earnings last quarter?
Arrow Financial Corporation (NASDAQ:AROW) posted its quarterly earnings results on Monday, October, 23rd. The financial services provider reported $0.53 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.54 by $0.01. The financial services provider had revenue of $26.79 million for the quarter. Arrow Financial Corporation had a return on equity of 11.68% and a net margin of 25.36%. View Arrow Financial Corporation's Earnings History.
When will Arrow Financial Corporation make its next earnings announcement?
Who are some of Arrow Financial Corporation's key competitors?
Some companies that are related to Arrow Financial Corporation include Hanmi Financial (HAFC), Cardinal Financial Corporation (CFNL), MainSource Financial Group (MSFG), Sandy Spring Bancorp (SASR), United Financial Bancorp (UBNK), National Bank Holdings Corporation (NBHC), TBC Bank Group PLC (TBCG), TrustCo Bank Corp NY (TRST), CoBiz Financial (COBZ), ConnectOne Bancorp (CNOB), Preferred Bank (PFBC), Community Trust Bancorp (CTBI), Shawbrook Group PLC (SHAW), Customers Bancorp (CUBI), Guaranty Bancorp (GBNK), Republic Bancorp (RBCAA), HomeStreet (HMST) and Flushing Financial Corporation (FFIC).
Who are Arrow Financial Corporation's key executives?
Arrow Financial Corporation's management team includes the folowing people:
- Thomas L. Hoy, Chairman of the Board (Age 68)
- Thomas J. Murphy CPA, President, Chief Executive Officer, Director (Age 58)
- Edward J. Campanella, Chief Financial Officer, Senior Vice President, Treasurer, Executive Vice President and Chief Financial Officer of Glens Falls National Bank and Trust Company (Age 49)
- David DeMarco, Senior Vice President (Age 55)
- David D. Kaiser, Senior Vice President (Age 56)
- Raymond F. O'Conor, Director (Age 61)
- Mark L. Behan, Independent Director (Age 56)
- Tenee R. Casaccio, Independent Director (Age 51)
- Michael B. Clarke, Independent Director (Age 70)
- Gary C. Dake, Independent Director (Age 56)
Who owns Arrow Financial Corporation stock?
Arrow Financial Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include Arrow Financial Corp (10.34%), Dimensional Fund Advisors LP (3.90%), Bank of New York Mellon Corp (0.65%), First Republic Investment Management Inc. (0.61%), Schwab Charles Investment Management Inc. (0.43%) and Wells Fargo & Company MN (0.39%). Company insiders that own Arrow Financial Corporation stock include Colin L Read, David S Demarco, John J Carusone Jr, Michael B Clarke, Richard J Dmd Reisman and Thomas L Hoy. View Institutional Ownership Trends for Arrow Financial Corporation.
Who sold Arrow Financial Corporation stock? Who is selling Arrow Financial Corporation stock?
Arrow Financial Corporation's stock was sold by a variety of institutional investors in the last quarter, including Citadel Advisors LLC and Bradley Foster & Sargent Inc. CT. Company insiders that have sold Arrow Financial Corporation company stock in the last year include David S Demarco and Thomas L Hoy. View Insider Buying and Selling for Arrow Financial Corporation.
Who bought Arrow Financial Corporation stock? Who is buying Arrow Financial Corporation stock?
Arrow Financial Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Arrow Financial Corp, First Trust Advisors LP, Wells Fargo & Company MN, Maple Capital Management Inc., Schwab Charles Investment Management Inc., Russell Investments Group Ltd. and First Republic Investment Management Inc.. View Insider Buying and Selling for Arrow Financial Corporation.
How do I buy Arrow Financial Corporation stock?
Shares of Arrow Financial Corporation can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Arrow Financial Corporation's stock price today?
One share of Arrow Financial Corporation stock can currently be purchased for approximately $35.05.
How big of a company is Arrow Financial Corporation?
Arrow Financial Corporation has a market capitalization of $491.89 million and generates $104.75 million in revenue each year. The financial services provider earns $26.53 million in net income (profit) each year or $1.99 on an earnings per share basis. Arrow Financial Corporation employs 524 workers across the globe.
How can I contact Arrow Financial Corporation?
Arrow Financial Corporation's mailing address is 250 Glen St, GLENS FALLS, NY 12801-3505, United States. The financial services provider can be reached via phone at +1-518-4154299.
MarketBeat Community Rating for Arrow Financial Corporation (NASDAQ AROW)MarketBeat's community ratings are surveys of what our community members think about Arrow Financial Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Arrow Financial Corporation (NASDAQ:AROW) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 0 Hold Ratings, 0 Buy Ratings, 0 Strong Buy RatingsNo ratings tracked in the last 12 months.|
|Consensus Rating:||N/A (Score: NaN)|
|Analysts' Consensus Price Target: ||N/A|
Consensus Price Target History for Arrow Financial Corporation (NASDAQ:AROW)
Analysts' Ratings History for Arrow Financial Corporation (NASDAQ:AROW)
No equities research coverage for this company has been tracked by MarketBeat.com
Earnings History and Estimates Chart for Arrow Financial Corporation (NASDAQ:AROW)
Earnings History by Quarter for Arrow Financial Corporation (NASDAQ AROW)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/23/2017||Q3 2017||$0.54||$0.53||$26.79 million||View||N/A|
|7/20/2017||Q2 2017||$0.50||$0.53||$26.28 million||View||N/A|
|1/20/2017||Q4 2016||$0.51||$0.49||$25.01 million||View||N/A|
|7/20/2016||Q2||$0.48||$0.51||$24.30 million||$25.15 million||View||N/A|
|1/21/2015||Q414||$0.47||$0.50||$22.75 million||$22.98 million||View||N/A|
|10/20/2014||Q314||$0.47||$0.49||$22.61 million||$22.71 million||View||N/A|
|7/21/2014||Q214||$0.45||$0.45||$21.49 million||$22.16 million||View||N/A|
|4/21/2014||Q114||$0.45||$0.43||$21.79 million||$21.56 million||View||N/A|
Earnings Estimates for Arrow Financial Corporation (NASDAQ:AROW)
No earnings estimates for this company have been tracked by MarketBeat.com
Current Dividend Information for Arrow Financial Corporation (NASDAQ:AROW)
|Payout Ratio:||48.74% (Trailing 12 Months of Earnings) |
Dividend History by Quarter for Arrow Financial Corporation (NASDAQ AROW)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Arrow Financial Corporation (NASDAQ AROW)
Insider Ownership Percentage: 4.63%
Institutional Ownership Percentage: 38.96%
Insider Trades by Quarter for Arrow Financial Corporation (NASDAQ AROW)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/2/2017||David S Demarco||SVP||Sell||4,141||$35.30||$146,177.30|| |
|6/8/2017||Thomas L Hoy||Chairman||Sell||1,000||$32.75||$32,750.00|| |
|5/22/2017||David S. Demarco||SVP||Sell||120||$32.20||$3,864.00|| |
|11/16/2016||Michael B Clarke||Director||Sell||6,279||$37.71||$236,781.09|| |
|7/28/2016||David S. Demarco||SVP||Sell||4,019||$31.90||$128,206.10|| |
|7/25/2016||Michael B. Clarke||Director||Sell||2,000||$31.92||$63,840.00|| |
|6/6/2016||Thomas L Hoy||Chairman||Sell||1,000||$28.84||$28,840.00|| |
|5/20/2016||David S Demarco||SVP||Sell||230||$28.50||$6,555.00|| |
|5/20/2016||John J Carusone Jr||Director||Sell||834||$28.50||$23,769.00|| |
|4/27/2016||Thomas L Hoy||Chairman||Sell||2,000||$28.60||$57,200.00|| |
|3/10/2016||John J Carusone Jr||Director||Sell||350||$26.04||$9,114.00|| |
|3/2/2016||Richard J. Dmd Reisman||Director||Sell||2,000||$26.32||$52,640.00|| |
|12/9/2015||Colin L Read||Director||Sell||1,500||$27.92||$41,880.00|| |
|11/10/2015||David S. Demarco||SVP||Sell||4,264||$28.15||$120,031.60|| |
|11/2/2015||John J Carusone Jr||Director||Sell||1,200||$27.58||$33,096.00|| |
|11/2/2015||Terry R Goodemote||CFO||Sell||1,393||$27.58||$38,418.94|| |
|4/24/2015||William L Owens||Director||Buy||1,892||$26.40||$49,948.80|| |
|10/31/2014||Richard J Dmd Reisman||Director||Sell||2,500||$27.06||$67,650.00|| |
|8/18/2014||Michael B Clarke||Director||Sell||1,250||$26.55||$33,187.50|| |
|8/6/2014||David S Demarco||SVP||Sell||3,978||$25.33||$100,762.74|| |
|7/24/2014||David S Demarco||SVP||Sell||200||$25.50||$5,100.00|| |
|5/9/2014||Michael B Clarke||Director||Sell||1,000||$25.50||$25,500.00|| |
|5/8/2014||Thomas L Hoy||Chairman||Buy||1,000||$25.00||$25,000.00|| |
|4/28/2014||Thomas L Hoy||Chairman||Buy||1,000||$25.49||$25,490.00|| |
|2/3/2014||Thomas J Murphy||CEO||Buy||1,000||$25.05||$25,050.00|| |
|8/16/2013||David S Demarco||SVP||Sell||2,100||$26.26||$55,146.00|| |
|7/30/2013||David S Demarco||SVP||Sell||1,800||$26.64||$47,952.00|| |
|4/23/2013||Thomas L Hoy||Chairman||Buy||1,000||$23.95||$23,950.00|| |
|4/22/2013||Thomas J Murphy||CEO||Buy||2,500||$23.62||$59,050.00|| |
|3/12/2013||Richard J Dmd Reisman||Director||Sell||7,000||$24.47||$171,290.00|| |
|11/15/2012||John J Murphy||Director||Sell||1,500||$23.25||$34,875.00|| |
|11/15/2012||Thomas J Murphy||President||Buy||2,500||$23.40||$58,500.00|| |
Latest Headlines for Arrow Financial Corporation (NASDAQ AROW)
|Arrow Financial Corp. – Value Analysis (NASDAQ:AROW) : November 13, 2017|
finance.yahoo.com - November 14 at 2:15 AM
|Arrow Financial Corp. breached its 50 day moving average in a Bearish Manner : AROW-US : November 10, 2017|
finance.yahoo.com - November 10 at 1:54 PM
|Arrow Financial Corporation (AROW) SVP David S. Demarco Sells 4,141 Shares|
www.americanbankingnews.com - November 2 at 5:58 PM
|Arrow Financial (AROW) Approves $5M in Buybacks for 2018|
www.streetinsider.com - October 29 at 3:50 PM
|Arrow Financial Corporation (AROW) Declares Stock Repurchase Plan|
www.americanbankingnews.com - October 28 at 11:22 AM
|Arrow Approves 2018 Stock Repurchase Program|
finance.yahoo.com - October 27 at 6:13 PM
|Arrow Financial Corporation (AROW) Plans Dividend Increase - $0.25 Per Share|
www.americanbankingnews.com - October 26 at 5:34 PM
|Arrow Declares December Cash Dividend|
finance.yahoo.com - October 25 at 5:11 PM
|Tax Reform Is On The Front Burner Again. Here's Why You Should Care|
www.forbes.com - October 24 at 10:52 PM
|BRIEF-ARROW FINANCIAL CORP REPORTS Q3 EARNINGS PER SHARE $0.53|
www.reuters.com - October 24 at 10:52 PM
|Arrow Financial Corporation (AROW) Announces Quarterly Earnings Results|
www.americanbankingnews.com - October 24 at 10:48 AM
|Arrow Third-Quarter Net Income Up 10.1%; Double-Digit Loan Growth Continues|
finance.yahoo.com - October 23 at 5:06 PM
|Arrow Financial Corporation (AROW) Scheduled to Post Earnings on Wednesday|
www.americanbankingnews.com - October 11 at 1:38 AM
|IMF September Review: Banking Big Gains|
seekingalpha.com - October 2 at 9:21 AM
|Arrow Financial Corp. : AROW-US: Dividend Analysis : September 01st, 2017 (record date) : By the numbers : September 22, 2017|
finance.yahoo.com - September 22 at 6:23 PM
|Arrow Financial Corp. breached its 50 day moving average in a Bullish Manner : AROW-US : September 12, 2017|
finance.yahoo.com - September 12 at 4:18 PM
|ETFs with exposure to Arrow Financial Corp. : September 12, 2017|
finance.yahoo.com - September 12 at 1:59 AM
|Arrow Financial Corp. :AROW-US: Earnings Analysis: Q2, 2017 By the Numbers : September 8, 2017|
finance.yahoo.com - September 8 at 9:30 PM
|Arrow Financial Corp. breached its 50 day moving average in a Bullish Manner : AROW-US : August 23, 2017|
finance.yahoo.com - August 23 at 4:09 PM
|Arrow Financial Corporation Names Edward Campanella CFO|
finance.yahoo.com - August 16 at 4:29 PM
|Arrow Financial Corp. breached its 50 day moving average in a Bearish Manner : AROW-US : August 11, 2017|
finance.yahoo.com - August 11 at 4:32 PM
|Arrow Financial Corp. – Value Analysis (NASDAQ:AROW) : August 5, 2017|
finance.yahoo.com - August 4 at 9:46 PM
|Arrow Financial Corporation to Issue Quarterly Dividend of $0.25 (AROW)|
www.americanbankingnews.com - July 27 at 12:12 PM
|Arrow Financial Corp. breached its 50 day moving average in a Bullish Manner : AROW-US : July 24, 2017|
finance.yahoo.com - July 24 at 1:02 PM
|Arrow Financial Corporation (AROW) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS|
www.americanbankingnews.com - July 21 at 9:20 AM
|Arrow Net Income Up 8.4%; Loans Increase 12.3%|
finance.yahoo.com - July 20 at 5:26 PM
|Arrow Financial posts 2Q profit|
finance.yahoo.com - July 20 at 5:26 PM
|Reliable Dividend Bank Stocks: Valuations & Recommendations|
seekingalpha.com - June 26 at 4:08 PM
|UPDATE - Golden Arrow's New Mine Shows Tremendous Potential -- SECFilings.com|
www.marketwatch.com - May 9 at 3:37 PM
|Arrow Electronics Reports First-Quarter Results|
www.businesswire.com - May 4 at 3:42 PM
|Crestwood Announces First Quarter 2017 Financial and Operating Results; New Bakken Expansion Projects to Support Record Arrow Volumes; Delaware Permian Nautilus Gathering ...|
www.businesswire.com - May 2 at 8:54 AM
|Arrow Financial misses by $0.02, revenue in-line|
seekingalpha.com - April 20 at 3:41 PM
|Golden Arrow Resources' (GARWF) CEO Joseph Grosso on Investor Update Conference Call (Transcript)|
seekingalpha.com - April 12 at 8:38 PM
|Fitch Affirms Arrow's IDR at 'BBB-'; Outlook Stable|
www.reuters.com - April 12 at 8:38 PM
|Golden Arrow: Will Silver Standard Exercise Its JV Option Today?|
seekingalpha.com - March 31 at 3:44 PM
|How much this community bank pays its board|
www.bizjournals.com - March 27 at 3:42 PM
|Research Reports Initiation on Services Stocks -- Best Buy, GameStop, Avnet, and Arrow Electronics|
www.bizjournals.com - March 20 at 8:34 AM
|Syria Retaliates Against Israeli Airstrikes as Tensions Escalate|
www.bloomberg.com - March 17 at 4:17 PM
|ARROW FINANCIAL CORP Files SEC form 10-K, Annual Report|
biz.yahoo.com - March 14 at 3:34 PM
|Why Investors Are Often Frustrated By Their Advisors: Financial Advisors' Daily Digest|
seekingalpha.com - February 24 at 1:13 PM
|Kenneth Arrow, Nobel-Winning Economist Whose Influence Spanned Decades, Dies at 95|
www.nytimes.com - February 22 at 3:37 PM
|Bank CEO signs new contract with big raise; CFO to retire|
www.bizjournals.com - February 9 at 3:43 PM
|Arrow CFO to Retire|
www.prnewswire.com - February 7 at 4:33 PM
|Arrow Financial (AROW) CFO to Retire|
www.streetinsider.com - February 7 at 4:33 PM
|Why this community bank is seeing major growth in Albany, Rensselaer counties|
www.bizjournals.com - January 24 at 1:45 AM
|KeyBank executive takes job at Saratoga National Bank|
www.bizjournals.com - January 23 at 3:42 PM
|Arrow Reports Record Net Income for 2016, Continued Strong Loan Growth|
us.rd.yahoo.com - January 20 at 4:40 PM
|1:00 pm Arrow Financial reports Q4 results; diluted EPS +6.5% to $1.97 y/y|
us.rd.yahoo.com - January 20 at 4:40 PM
|ARROW FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhi|
us.rd.yahoo.com - January 20 at 4:40 PM
|ARROW FINANCIAL CORP Files SEC form 8-K, Change in Directors or Principal Officers|
biz.yahoo.com - December 21 at 4:39 PM
Arrow Financial Corporation (NASDAQ AROW) Chart for Sunday, November, 19, 2017