Arrow Financial (AROW) Expected to Announce Quarterly Earnings on Thursday

Arrow Financial (NASDAQ:AROW) will likely be releasing its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect Arrow Financial to post earnings of $0.57 per share and revenue of $37.95 million for the quarter.

Arrow Financial (NASDAQ:AROW) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. Arrow Financial had a net margin of 15.00% and a return on equity of 8.59%. The business had revenue of $57.58 million during 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 %

AROW opened at $27.65 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.93 and a quick ratio of 0.93. Arrow Financial has a fifty-two week low of $21.50 and a fifty-two week high of $34.63. The company’s 50 day moving average price is $29.57 and its two-hundred day moving average price is $29.54. The firm has a market capitalization of $462.86 million, a price-to-earnings ratio of 14.11 and a beta of 0.77.

Insiders Place Their Bets

In other news, Director Raymond F. O’conor sold 2,000 shares of Arrow Financial stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $28.85, for a total value of $57,700.00. Following the completion of the transaction, the director now directly owns 35,859 shares of the company’s stock, valued at approximately $1,034,532.15. This trade represents a 5.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders sold 6,000 shares of company stock worth $180,080. 3.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.