Arrow Financial (NASDAQ:AROW – Get Free Report) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02), Yahoo Finance reports. Arrow Financial had a return on equity of 7.95% and a net margin of 14.34%. The firm had revenue of $54.54 million during the quarter, compared to the consensus estimate of $33.29 million.
Arrow Financial Stock Performance
Shares of Arrow Financial stock traded up $0.03 on Thursday, reaching $23.31. 6,707 shares of the company traded hands, compared to its average volume of 40,370. Arrow Financial has a 52 week low of $16.65 and a 52 week high of $29.66. The company has a 50 day moving average of $23.67 and a 200 day moving average of $24.52. The firm has a market capitalization of $389.04 million, a PE ratio of 13.54 and a beta of 0.72. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.90 and a quick ratio of 0.90.
Arrow Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th 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 4.63%. The ex-dividend date of this dividend is Friday, May 10th. Arrow Financial’s dividend payout ratio is currently 62.81%.
Analyst Upgrades and Downgrades
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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