Arrow Financial (AROW) Expected to Announce Earnings on Thursday

Arrow Financial (NASDAQ:AROW) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.57 per share and revenue of $37.95 million for the quarter.

Arrow Financial (NASDAQ:AROW) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. Arrow Financial had a return on equity of 8.59% and a net margin of 15.00%. The business had revenue of $57.58 million for the quarter. On average, analysts expect Arrow Financial to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Arrow Financial Trading Down 0.6 %

Shares of Arrow Financial stock opened at $27.65 on Thursday. The stock has a market capitalization of $462.86 million, a PE ratio of 14.11 and a beta of 0.77. Arrow Financial has a 52 week low of $21.50 and a 52 week high of $34.63. The stock has a 50 day moving average price of $29.57 and a two-hundred day moving average price of $29.54. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.93 and a current ratio of 0.93.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Hovde Group reduced their price target on shares of Arrow Financial from $34.50 to $32.00 and set a “market perform” rating for the company in a research report on Friday, December 27th. Piper Sandler started coverage on shares of Arrow Financial in a report on Friday, December 20th. They set a “neutral” rating and a $32.00 price objective for the company.

Insider Activity

In related news, Director Raymond F. O’conor sold 2,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $32.69, for a total transaction of $65,380.00. Following the transaction, the director now directly owns 37,859 shares in the company, valued at approximately $1,237,610.71. The trade was a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 6,000 shares of company stock worth $180,080 over the last 90 days. 3.55% of the stock is currently owned by corporate insiders.

Arrow Financial Company Profile

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 enhancement to commercial properties, as well as commercial construction and land development loans to finance projects.