Arrow Financial Co. (NASDAQ:AROW) – Analysts at Piper Sandler dropped their Q2 2020 earnings per share (EPS) estimates for shares of Arrow Financial in a research note issued to investors on Monday, March 23rd. Piper Sandler analyst A. Twerdahl now expects that the financial services provider will earn $0.60 per share for the quarter, down from their previous forecast of $0.66. Piper Sandler also issued estimates for Arrow Financial’s Q3 2020 earnings at $0.63 EPS, Q4 2020 earnings at $0.61 EPS, FY2020 earnings at $2.43 EPS, Q1 2021 earnings at $0.58 EPS, Q2 2021 earnings at $0.61 EPS, Q3 2021 earnings at $0.60 EPS, Q4 2021 earnings at $0.58 EPS and FY2021 earnings at $2.37 EPS.

Arrow Financial (NASDAQ:AROW) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter. Arrow Financial had a net margin of 27.09% and a return on equity of 12.98%. The business had revenue of $30.00 million during the quarter.

A number of other research firms also recently commented on AROW. TheStreet downgraded Arrow Financial from a “b” rating to a “c+” rating in a research report on Wednesday, March 18th. ValuEngine downgraded Arrow Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, March 4th. Zacks Investment Research downgraded Arrow Financial from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, BidaskClub downgraded Arrow Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, March 11th.

Shares of AROW opened at $25.62 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $359.00 million, a P/E ratio of 10.23 and a beta of 0.65. Arrow Financial has a 1 year low of $20.78 and a 1 year high of $38.31. The company has a 50 day simple moving average of $31.62 and a two-hundred day simple moving average of $34.48.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Arrow Financial in the fourth quarter worth $48,000. Great West Life Assurance Co. Can bought a new stake in Arrow Financial in the fourth quarter worth $57,000. SG Americas Securities LLC bought a new stake in Arrow Financial in the fourth quarter worth $106,000. Bank of Montreal Can lifted its position in Arrow Financial by 56.2% in the fourth quarter. Bank of Montreal Can now owns 2,911 shares of the financial services provider’s stock worth $110,000 after buying an additional 1,047 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Arrow Financial by 54.7% in the fourth quarter. Victory Capital Management Inc. now owns 3,863 shares of the financial services provider’s stock worth $146,000 after buying an additional 1,366 shares during the last quarter. Hedge funds and other institutional investors own 42.47% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Tuesday, March 3rd were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.06%. Arrow Financial’s dividend payout ratio is currently 41.60%.

Arrow Financial Company Profile

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 improvements to commercial properties, as well as commercial construction and land development loans to finance projects.

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Earnings History and Estimates for Arrow Financial (NASDAQ:AROW)

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