Arrow Financial (NASDAQ:AROW) Issues Earnings Results, Misses Expectations By $0.02 EPS

Arrow Financial (NASDAQ:AROW) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02), Yahoo Finance reports. Arrow Financial had a return on equity of 8.21% and a net margin of 15.69%. The firm had revenue of $54.54 million during the quarter, compared to analyst estimates of $33.29 million.

Arrow Financial Stock Up 2.6 %

NASDAQ AROW traded up $0.59 during trading on Wednesday, hitting $22.86. The stock had a trading volume of 30,654 shares, compared to its average volume of 40,249. The company has a market capitalization of $381.53 million, a PE ratio of 12.71 and a beta of 0.70. The company’s 50-day moving average price is $23.69 and its two-hundred day moving average price is $24.53. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.90 and a current ratio of 0.90. Arrow Financial has a 12 month low of $16.65 and a 12 month high of $29.66.

Arrow Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend is Friday, May 10th. Arrow Financial’s payout ratio is 60.87%.

Analysts Set New Price Targets

Several research firms have recently weighed in on AROW. Hovde Group began coverage on Arrow Financial in a report on Tuesday, January 9th. They set a “market perform” rating on the stock. StockNews.com upgraded Arrow Financial from a “sell” rating to a “hold” rating in a report on Friday, April 19th.

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.