NASDAQ:AROW

Arrow Financial (AROW) Stock Forecast, Price & News

$17.02

+0.10 (+0.59%)

(As of 09/25/2023 ET)

Compare

Today's Range: $16.65
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$17.02
50-Day Range: $16.92
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$22.13
52-Week Range: $16.65
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$36.51

Volume: 30,342 shs
Average Volume: 48,079 shs
Market Capitalization: $290.19 million

P/E Ratio: 7.46
Dividend Yield: 6.17%
Price Target: $33.00

Arrow Financial MarketRank™ Forecast

Analyst Rating: 0.00 Rating Score
Upside/Downside: 93.9% Upside
$33.00 Price Target
Short Interest: Healthy
0.80% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.64
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 43.48%
From $1.61 to $2.31 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.53 out of 5 stars

Finance Sector

164th out of 837 stocks

National Commercial Banks Industry

30th out of 84 stocks

2.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $33.00, Arrow Financial has a forecasted upside of 93.9% from its current price of $17.02.
Amount of Analyst Coverage
Arrow Financial has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.80% of the outstanding shares of Arrow Financial have been sold short.
Short Interest Ratio / Days to Cover
Arrow Financial has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Arrow Financial has recently increased by 16.40%, indicating that investor sentiment is decreasing significantly.

5.0

Dividend Strength

Dividend Leadership
Arrow Financial is a leading dividend payer. It pays a dividend yield of 6.20%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Arrow Financial has been increasing its dividend for 21 years.
Dividend Coverage
The dividend payout ratio of Arrow Financial is 46.02%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Arrow Financial will have a dividend payout ratio of 45.45% next year. This indicates that Arrow Financial will be able to sustain or increase its dividend.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Arrow Financial has received a 26.70% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Cash withdrawal services", "Home insurance services for individuals", "Wire transfer services", "Home equity loans", "Home improvement financing", and "Landlord's insurance services for individuals" products. See details.
Environmental Sustainability
The Environmental Impact score for Arrow Financial is -0.64.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Arrow Financial this week, compared to 2 articles on an average week.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Arrow Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.91% of the stock of Arrow Financial is held by insiders.
Percentage Held by Institutions
44.90% of the stock of Arrow Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Arrow Financial are expected to grow by 43.48% in the coming year, from $1.61 to $2.31 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Arrow Financial is 7.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.38.
Price to Earnings Ratio vs. Sector
The P/E ratio of Arrow Financial is 7.46, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 83.73.
Price to Book Value per Share Ratio
Arrow Financial has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Arrow Financial (NASDAQ:AROW) Stock

Arrow Financial Corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. The company's deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. Its lending activities comprise commercial loans, such as term loans, time notes, and lines of credit; and commercial real estate loans to finance real estate purchases, refinancing, expansions, and improvements to commercial properties, as well as commercial construction and land development loans to finance projects. The company's lending activities also include consumer installment loans to finance personal expenditures, personal lines of credit, overdraft protection, and automobile loans; and residential real estate loans, fixed home equity loans, and home equity lines of credit for consumers to finance home improvements, debt consolidation, education, and other uses. In addition, it maintains an indirect lending program; and sells residential real estate loan originations into the secondary market. Further, the company provides retirement planning, trust, and estate administration services for individuals, as well as pension, profit-sharing, and employee benefit plan administration services for corporations. Additionally, it offers insurance agency services comprising group health care policies and life insurance, and property and casualty insurance products; and investment advisory services to its proprietary mutual funds, as well as holds a real estate investment trust. It operates in the northeastern region of New York State in Warren, Washington, Saratoga, Essex, Clinton, Rensselaer, Albany, and Schenectady counties, as well as surrounding areas. Arrow Financial Corporation was founded in 1851 and is headquartered in Glens Falls, New York.

AROW Price History

30 days | 90 days | 365 days | Advanced Chart

AROW Stock News Headlines

September 26, 2023 | americanbankingnews.com

Financial Survey: Fidelity D & D Bancorp (NASDAQ:FDBC) versus Arrow Financial (NASDAQ:AROW)

September 17, 2023 | americanbankingnews.com

Arrow Financial Co. (NASDAQ:AROW) Sees Large Growth in Short Interest

September 26, 2023 | Legacy Research (Ad)

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September 7, 2023 | bizjournals.com

Arrow Financial names new chief banking officer

August 21, 2023 | benzinga.com

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Arrow Financial Corporation (AROW)

August 18, 2023 | stockhouse.com

TUESDAY DEADLINE NOTICE: The Schall Law Firm Encourages Investors in Arrow Financial Corporation with Losses of $100,000 to Contact the Firm

August 12, 2023 | finance.yahoo.com

Arrow Financial (NASDAQ:AROW) Has Announced A Dividend Of $0.27

August 12, 2023 | finance.yahoo.com

Arrow Financial (NASDAQ:AROW) shareholders have endured a 33% loss from investing in the stock five years ago

September 26, 2023 | Behind the Markets (Ad)

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August 10, 2023 | benzinga.com

AROW Investors: Contact Robbins LLP for Information Regarding the Pending Lead Plaintiff Deadline in the Arrow Financial Corp. Class Action

August 8, 2023 | stockhouse.com

INVESTOR ACTION NOTICE: The Schall Law Firm Encourages Investors in Arrow Financial Corporation with Losses of $100,000 to Contact the Firm

August 8, 2023 | finance.yahoo.com

Arrow Reports $6.0 million in Q2 2023 Net Income, Loans Reach Record High of $3.1 Billion

August 3, 2023 | msn.com

Arrow Financial (AROW) Price Target Decreased by 21.43% to 22.44

July 31, 2023 | finance.yahoo.com

Board Appoints David S. DeMarco as Director; Approves 2023 Annual Meeting Date

July 28, 2023 | finance.yahoo.com

Arrow Declares September 2023 Cash Dividend

July 24, 2023 | finance.yahoo.com

TrustCo Bank (TRST) Q2 Earnings Surpass Estimates

July 24, 2023 | finanznachrichten.de

Arrow Financial Corporation: Arrow Reports $8.6 million in Q1 2023 Net Income and Grew Deposits by $48.0 Million

July 24, 2023 | stockhouse.com

SHAREHOLDER ACTION REMINDER: The Schall Law Firm Encourages Investors in Arrow Financial Corporation with Losses of $100,000 to Contact the Firm

July 24, 2023 | finance.yahoo.com

Arrow Reports $8.6 million in Q1 2023 Net Income and Grew Deposits by $48.0 Million

July 18, 2023 | benzinga.com

Arrow Financial Corp. (AROW) Investors: Contact Robbins LLP for Information Regarding the Class Action Against Arrow Financial Corp.

July 18, 2023 | finance.yahoo.com

Arrow Files 2022 Form 10-K

July 8, 2023 | prnewswire.com

ARROW DEADLINE ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Arrow To Contact Him Directly To Discuss Their Options

July 7, 2023 | benzinga.com

DEADLINE ALERT for TIGR, GDS, and AROW: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

July 7, 2023 | technews.tmcnet.com

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Arrow Financial Corporation (AROW)

July 5, 2023 | technews.tmcnet.com

Arrow Financial Corp. (AROW) Class Action Alert: Robbins LLP Reminds Investors of Lead Plaintiff Deadline in Arrow Financial Corp. Class Action

June 30, 2023 | stockhouse.com

INVESTOR ACTION ALERT: The Schall Law Firm Encourages Investors in Arrow Financial Corporation with Losses of $100,000 to Contact the Firm

June 30, 2023 | benzinga.com

Calling All Arrow Financial Corporation (AROW) Investors: Contact Bronstein, Gewirtz & Grossman, LLC Today!

See More Headlines

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AROW Company Calendar

Last Earnings: 8/08/2023
Ex-Dividend for 9/15 Dividend: 8/31/2023
Dividend Payable: 9/15/2023
Today: 9/26/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: National commercial banks
Sub-Industry: Specialized Finance
Sector: Finance
Current Symbol: NASDAQ:AROW
CUSIP: 04274410
CIK: 717538
Web: www.arrowfinancial.com
Phone: (518) 745-1000
Fax: 518-745-5513
Employees: 502
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $33.00
High Stock Price Forecast: $33.00
Low Stock Price Forecast: $33.00
Forecasted Upside/Downside: +93.9%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.2816
Trailing P/E Ratio: 7.46
Forward P/E Ratio: 10.57
P/E Growth: N/A
Net Income: $48.80 million
Net Margins: 22.23%
Pretax Margin: 28.42%
Return on Equity: 10.92%
Return on Assets: 0.95%

Debt

Debt-to-Equity Ratio: 0.07
Current Ratio: 0.87
Quick Ratio: 0.87

Sales & Book Value

Annual Sales: $160.55 million
Price / Sales: 1.81
Cash Flow: $3.33 per share
Price / Cash Flow: 5.11
Book Value: $20.77 per share
Price / Book: 0.82

Miscellaneous

Outstanding Shares: 17,050,000
Free Float: 16,554,000
Market Cap: $290.19 million
Optionable: Optionable
Beta: 0.69

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Key Executives

Mr. David S. DeMarco (Age 61)
CEO, Pres & Director
Comp: $605.56k

Mr. Andrew J. Wise (Age 56)
Sr. Exec. VP, COO & Company Sec.
Comp: $510.63k

Mr. David D. Kaiser (Age 62)
Sr. Exec. VP & Chief Credit Officer
Comp: $503.04k

Mr. Penko Krassimir Ivanov CPA (Age 54)
M.B.A., Sr. EVP, CFO, Chief Accounting Officer & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AROW Stock - Frequently Asked Questions

What is Arrow Financial's stock price forecast for 2023?: 0 brokers have issued 12-month price targets for Arrow Financial's stock. Their AROW share price forecasts range from $33.00 to $33.00. On average, they predict the company's share price to reach $33.00 in the next year. This suggests a possible upside of 93.9% from the stock's current price.
View analysts price targets for AROW or view top-rated stocks among Wall Street analysts.
How have AROW shares performed in 2023?: Arrow Financial's stock was trading at $33.90 on January 1st, 2023. Since then, AROW shares have decreased by 49.8% and is now trading at $17.02.
View the best growth stocks for 2023 here.
Are investors shorting Arrow Financial?: Arrow Financial saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 137,000 shares, an increase of 16.4% from the August 15th total of 117,700 shares. Based on an average trading volume of 49,100 shares, the short-interest ratio is currently 2.8 days.
View Arrow Financial's Short Interest.
When is Arrow Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our AROW earnings forecast.
How were Arrow Financial's earnings last quarter?: Arrow Financial Co. (NASDAQ:AROW) announced its earnings results on Tuesday, August, 8th. The financial services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.45 by $0.09. The financial services provider had revenue of $32.68 million for the quarter, compared to analyst estimates of $34.51 million. Arrow Financial had a trailing twelve-month return on equity of 10.92% and a net margin of 22.23%.
How often does Arrow Financial pay dividends? What is the dividend yield for Arrow Financial?: Arrow Financial declared a quarterly dividend on Wednesday, July 26th. Investors of record on Friday, September 1st will be paid a dividend of $0.27 per share on Friday, September 15th. This represents a $1.08 annualized dividend and a dividend yield of 6.35%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for AROW.
Is Arrow Financial a good dividend stock?: Arrow Financial (NASDAQ:AROW) pays an annual dividend of $1.05 per share and currently has a dividend yield of 6.20%. AROW has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 46.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AROW will have a dividend payout ratio of 45.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AROW.

What other stocks do shareholders of Arrow Financial own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Arrow Financial investors own include Paychex (PAYX), Seacoast Banking Co. of Florida (SBCF), Reaves Utility Income Fund (UTG), Brookfield Infrastructure Partners (BIP), Cisco Systems (CSCO), Intel (INTC), AT&T (T), Enbridge (ENB), Enterprise Products Partners (EPD) and AbbVie (ABBV).
What is Arrow Financial's stock symbol?: Arrow Financial trades on the NASDAQ under the ticker symbol "AROW."
Who are Arrow Financial's major shareholders?: Arrow Financial's stock is owned by many different retail and institutional investors. Top institutional investors include Arrow Financial Corp (9.51%), BlackRock Inc. (7.96%), Dimensional Fund Advisors LP (4.19%), State Street Corp (2.55%), Geode Capital Management LLC (1.81%) and Renaissance Technologies LLC (1.61%). Insiders that own company stock include Colin L Read, David S Demarco, David S Demarco, Gary C Dake, Raymond F O'conor and William L Owens.
View institutional ownership trends.
How do I buy shares of Arrow Financial?: Shares of AROW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Arrow Financial's stock price today?: One share of AROW stock can currently be purchased for approximately $17.02.
How much money does Arrow Financial make?: Arrow Financial (NASDAQ:AROW) has a market capitalization of $290.19 million and generates $160.55 million in revenue each year. The financial services provider earns $48.80 million in net income (profit) each year or $2.2816 on an earnings per share basis.
How many employees does Arrow Financial have?: The company employs 502 workers across the globe.
How can I contact Arrow Financial?: Arrow Financial's mailing address is 250 GLEN ST, GLENS FALLS NY, 12801. The official website for the company is www.arrowfinancial.com. The financial services provider can be reached via phone at (518) 745-1000 or via fax at 518-745-5513.

This page (NASDAQ:AROW) was last updated on 9/26/2023 by MarketBeat.com Staff

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