News coverage about Arrow Financial (NASDAQ:AROW) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Arrow Financial earned a news impact score of 0.14 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 47.0996571713913 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several research firms have issued reports on AROW. Sandler O’Neill set a $37.00 price target on shares of Arrow Financial and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. BidaskClub cut shares of Arrow Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd.
Arrow Financial (NASDAQ:AROW) traded down $0.50 during trading on Wednesday, hitting $34.15. 14,900 shares of the company’s stock traded hands, compared to its average volume of 13,390. Arrow Financial has a one year low of $30.70 and a one year high of $38.60. The firm has a market cap of $481.46, a PE ratio of 17.16 and a beta of 0.65. 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 released its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). Arrow Financial had a return on equity of 11.68% and a net margin of 25.36%. The firm had revenue of $26.79 million for the quarter.
Arrow Financial announced that its board has initiated a stock buyback program on Friday, October 27th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other Arrow Financial news, Chairman Thomas L. Hoy sold 1,300 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $35.16, for a total transaction of $45,708.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David S. Demarco sold 4,141 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $35.30, for a total transaction of $146,177.30. Following the sale, the senior vice president now directly owns 22,448 shares in the company, valued at $792,414.40. The disclosure for this sale can be found here. Insiders have sold a total of 6,441 shares of company stock worth $226,610 over the last ninety days. 4.63% of the stock is owned by corporate insiders.
About Arrow Financial
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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