Arrow Financial Corporation (AROW) Scheduled to Post Earnings on Wednesday
Arrow Financial Corporation (NASDAQ:AROW) is scheduled to be releasing its earnings data on Wednesday, October 18th. Analysts expect Arrow Financial Corporation to post earnings of $0.56 per share for the quarter.
Arrow Financial Corporation (NASDAQ:AROW) last announced its earnings results on Thursday, July 20th. The financial services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.50 by $0.03. The firm had revenue of $26.28 million for the quarter. Arrow Financial Corporation had a net margin of 25.28% and a return on equity of 11.58%. On average, analysts expect Arrow Financial Corporation to post $2.09 EPS for the current fiscal year and $2.35 EPS for the next fiscal year.
Shares of Arrow Financial Corporation (NASDAQ AROW) opened at 35.05 on Wednesday. The firm has a market capitalization of $487.69 million, a P/E ratio of 17.97 and a beta of 0.65. Arrow Financial Corporation has a one year low of $29.67 and a one year high of $40.49. The firm’s 50-day moving average is $32.59 and its 200 day moving average is $32.00.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.85%. The ex-dividend date was Wednesday, August 30th. Arrow Financial Corporation’s dividend payout ratio (DPR) is presently 49.71%.
Separately, BidaskClub raised Arrow Financial Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th.
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About Arrow Financial Corporation
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.
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