Arrow Financial (NASDAQ:AROW – Get Free Report) released its earnings results on Thursday. The financial services provider reported $0.52 earnings per share for the quarter, Zacks reports. The company had revenue of $55.83 million during the quarter. Arrow Financial had a return on equity of 7.89% and a net margin of 14.34%.
Arrow Financial Stock Down 0.7 %
Shares of Arrow Financial stock traded down $0.24 on Friday, reaching $32.17. 56,278 shares of the company were exchanged, compared to its average volume of 43,559. Arrow Financial has a 1-year low of $16.65 and a 1-year high of $32.92. The company has a market cap of $537.24 million, a P/E ratio of 18.60 and a beta of 0.74. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s 50 day moving average price is $26.08 and its 200-day moving average price is $24.91.
Arrow Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Monday, August 12th. Arrow Financial’s dividend payout ratio is presently 62.81%.
Insider Transactions at Arrow Financial
Analysts Set New Price Targets
Separately, StockNews.com downgraded Arrow Financial from a “hold” rating to a “sell” rating in a research report on Monday.
Check Out Our Latest Report on AROW
About Arrow Financial
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.
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