Arrow Financial (AROW) to Release Earnings on Thursday

Arrow Financial (NASDAQ:AROW - Get Free Report) is projected to issue its Q4 2024 quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect Arrow Financial to post earnings of $0.59 per share and revenue of $37.95 million for the quarter.

Arrow Financial (NASDAQ:AROW - Get Free Report) last announced its earnings results on Thursday, January 30th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.12). Arrow Financial had a return on equity of 8.59% and a net margin of 15.00%. 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 Stock Performance

Shares of NASDAQ:AROW traded down $0.44 during trading on Thursday, hitting $27.21. The company's stock had a trading volume of 19,522 shares, compared to its average volume of 38,270. The company has a 50-day moving average of $29.48 and a 200-day moving average of $29.52. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $455.48 million, a price-to-earnings ratio of 13.83 and a beta of 0.77. Arrow Financial has a 12 month low of $21.50 and a 12 month high of $34.63.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AROW. Piper Sandler began coverage on Arrow Financial in a research report on Friday, December 20th. They issued a "neutral" rating and a $32.00 price target for the company. Hovde Group decreased their target price on shares of Arrow Financial from $34.50 to $32.00 and set a "market perform" rating on the stock in a research note on Friday, December 27th.

Insider Buying and Selling

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 sale, the director now directly owns 35,859 shares of the company's stock, valued at approximately $1,034,532.15. The trade was a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 6,000 shares of company stock worth $180,080. 3.55% of the stock is 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.