Arrow Financial (AROW) Earning Somewhat Positive Press Coverage, Analysis Shows

Media headlines about Arrow Financial (NASDAQ:AROW) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Arrow Financial earned a news impact score of 0.12 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.6392860881959 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Arrow Financial (AROW) traded down $0.30 during mid-day trading on Friday, reaching $35.20. 7,224 shares of the company’s stock were exchanged, compared to its average volume of 15,673. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $494.17, a P/E ratio of 17.64 and a beta of 0.65. Arrow Financial has a 12 month low of $30.70 and a 12 month high of $41.35.

Arrow Financial (NASDAQ:AROW) last announced its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $26.79 million for the quarter. Arrow Financial had a net margin of 25.36% and a return on equity of 11.68%.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.25 per share. This is an increase from Arrow Financial’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, November 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.84%. Arrow Financial’s dividend payout ratio is presently 50.10%.

Arrow Financial declared that its Board of Directors has initiated a stock repurchase plan on Friday, October 27th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

In related news, Chairman Thomas L. Hoy sold 1,300 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $35.16, for a total transaction of $45,708.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP David S. Demarco sold 4,141 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $35.30, for a total transaction of $146,177.30. Following the transaction, the senior vice president now directly owns 22,448 shares in the company, valued at approximately $792,414.40. The disclosure for this sale can be found here. Insiders have sold 5,941 shares of company stock worth $209,435 in the last three months. Insiders own 4.63% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Arrow Financial (NASDAQ:AROW)

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