Press coverage about Arrow Financial (NASDAQ:AROW) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 20 million news and blog 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 news sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 47.1345808709605 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Arrow Financial (NASDAQ:AROW) traded up $0.25 on Monday, hitting $34.50. The stock had a trading volume of 16,600 shares, compared to its average volume of 12,962. The company has a market cap of $480.25, a price-to-earnings ratio of 17.28 and a beta of 0.66. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.44. Arrow Financial has a 1-year low of $30.70 and a 1-year high of $38.60.
Arrow Financial (NASDAQ:AROW) last released its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The company had revenue of $26.79 million for the quarter. Arrow Financial had a return on equity of 11.68% and a net margin of 25.36%.
Arrow Financial announced that its board has authorized a stock repurchase program on Friday, October 27th that authorizes the company to buyback $5.00 million in shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
Several research firms have recently weighed in on AROW. Sandler O’Neill set a $37.00 price objective on Arrow Financial and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. BidaskClub lowered Arrow Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd.
In other news, SVP David S. Demarco sold 4,141 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $35.30, for a total value of $146,177.30. Following the completion of the sale, the senior vice president now owns 22,448 shares of the company’s stock, valued at $792,414.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Thomas L. Hoy sold 1,300 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $35.16, for a total value of $45,708.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,441 shares of company stock valued at $226,610. Corporate insiders own 4.63% of the company’s stock.
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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