Arrow Financial (NASDAQ:AROW) Announces Earnings Results, Misses Estimates By $0.02 EPS

Arrow Financial (NASDAQ:AROW) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate 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 business had revenue of $54.54 million during the quarter, compared to the consensus estimate of $33.29 million.

Arrow Financial Trading Up 0.1 %

Shares of NASDAQ:AROW traded up $0.03 during mid-day trading on Thursday, hitting $23.31. The stock had a trading volume of 6,868 shares, compared to its average volume of 40,371. Arrow Financial has a 12-month low of $16.65 and a 12-month high of $29.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $389.04 million, a PE ratio of 13.54 and a beta of 0.72. The company’s 50 day moving average is $23.67 and its 200-day moving average is $24.52.

Arrow Financial Announces Dividend

The company 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 $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Friday, May 10th. Arrow Financial’s dividend payout ratio (DPR) is currently 62.81%.

Wall Street Analyst Weigh In

Several research firms have issued reports on AROW. Hovde Group initiated coverage on shares of Arrow Financial in a research report on Tuesday, January 9th. They issued a “market perform” rating on the stock. StockNews.com lowered Arrow Financial from a “hold” rating to a “sell” rating in a research report on Wednesday.

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