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Arrow Financial Corp. (NASDAQ:AROW) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Tuesday, Analyst Ratings Network reports. The firm currently has a $29.60 target price on the stock. Zacks‘ target price points to a potential upside of 19.98% from the stock’s previous close.

Shares of Arrow Financial Corp. (NASDAQ:AROW) traded up 1.34% during mid-day trading on Tuesday, hitting $24.9999. 9,710 shares of the company’s stock traded hands. Arrow Financial Corp. has a 1-year low of $22.951 and a 1-year high of $28.00. The stock’s 50-day moving average is $25.77 and its 200-day moving average is $25.92. The company has a market cap of $309.0 million and a price-to-earnings ratio of 13.94.

Arrow Financial Corp. (NASDAQ:AROW) last released its earnings data on Tuesday, January 21st. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.04. Analysts expect that Arrow Financial Corp. will post $1.89 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, March 14th. Investors of record on Monday, March 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Thursday, February 27th.

In other Arrow Financial Corp. news, CEO Thomas J. Murphy bought 1,000 shares of Arrow Financial Corp. stock in a transaction dated Monday, February 3rd. The stock was purchased at an average cost of $25.05 per share, with a total value of $25,050.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Arrow Financial Corporation (NASDAQ:AROW) is a holding company.

To view Zacks’ full report, visit www.zacks.com

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