News headlines about Arrow Financial (NASDAQ:AROW) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Arrow Financial earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 47.4667510124033 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Arrow Financial (NASDAQ:AROW) traded down $0.30 during trading hours on Friday, hitting $33.00. The stock had a trading volume of 10,000 shares, compared to its average volume of 14,787. Arrow Financial has a 12-month low of $30.70 and a 12-month high of $38.60. The company has a market cap of $463.87, a price-to-earnings ratio of 15.71 and a beta of 0.62. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.83 and a quick ratio of 0.83.
Arrow Financial (NASDAQ:AROW) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.06). Arrow Financial had a return on equity of 11.75% and a net margin of 26.11%. The firm had revenue of $27.07 million during the quarter.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Wednesday, February 28th. Arrow Financial’s dividend payout ratio is currently 47.61%.
Arrow Financial announced that its board has authorized a stock repurchase program on Friday, October 27th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
Several research analysts have recently issued reports on AROW shares. Sandler O’Neill set a $37.00 target price on Arrow Financial and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. BidaskClub lowered Arrow Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd.
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Arrow Financial Company Profile
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.
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