Arrow Financial (NASDAQ:AROW – Get Free Report) announced its earnings results 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 Price Performance
Shares of AROW traded down $0.24 during trading hours on Friday, hitting $32.17. 56,278 shares of the company were exchanged, compared to its average volume of 43,559. The company has a market cap of $537.24 million, a price-to-earnings ratio of 18.71 and a beta of 0.74. The firm’s fifty day moving average is $26.22 and its 200 day moving average is $24.95. Arrow Financial has a fifty-two week low of $16.65 and a fifty-two week 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.
Arrow Financial Announces Dividend
The business also recently announced 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. The ex-dividend date 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 Buying and Selling
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Arrow Financial from a “hold” rating to a “sell” rating in a report on Monday.
Check Out Our Latest Stock Analysis on Arrow Financial
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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