Arrow Financial (NASDAQ:AROW – Get Free Report) released its quarterly earnings data on Thursday. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, Zacks reports. Arrow Financial had a net margin of 14.34% and a return on equity of 7.89%. The company had revenue of $55.83 million during the quarter.
Arrow Financial Stock Performance
Shares of NASDAQ AROW traded down $0.24 during mid-day trading on Friday, hitting $32.17. 56,278 shares of the company were exchanged, compared to its average volume of 43,559. The stock has a 50 day simple moving average of $26.22 and a 200-day simple moving average of $24.95. Arrow Financial has a 1-year low of $16.65 and a 1-year high of $32.92. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.07. The firm has a market cap of $537.24 million, a price-to-earnings ratio of 18.71 and a beta of 0.74.
Arrow Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.36%. Arrow Financial’s payout ratio is 62.81%.
Insider Activity
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut Arrow Financial from a “hold” rating to a “sell” rating in a research report on Monday.
Check Out Our Latest Stock 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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