BidaskClub Upgrades Arrow Financial (AROW) to Buy

Arrow Financial (NASDAQ:AROW) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Shares of AROW stock opened at $37.80 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $525.95 million, a PE ratio of 17.48 and a beta of 0.59. Arrow Financial has a 12 month low of $30.70 and a 12 month high of $38.60.

Arrow Financial (NASDAQ:AROW) last announced its quarterly earnings data on Monday, April 23rd. The financial services provider reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.04. The business had revenue of $27.29 million for the quarter. Arrow Financial had a net margin of 27.17% and a return on equity of 12.21%.

In other Arrow Financial news, SVP David S. Demarco sold 4,019 shares of the company’s stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $37.52, for a total transaction of $150,792.88. Following the sale, the senior vice president now directly owns 24,185 shares of the company’s stock, valued at $907,421.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 5,519 shares of company stock worth $203,893 over the last ninety days. Insiders own 4.42% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System raised its position in Arrow Financial by 11.6% during the fourth quarter. California Public Employees Retirement System now owns 44,173 shares of the financial services provider’s stock worth $1,500,000 after acquiring an additional 4,600 shares in the last quarter. Prudential Financial Inc. raised its position in Arrow Financial by 7.3% during the first quarter. Prudential Financial Inc. now owns 51,334 shares of the financial services provider’s stock worth $1,743,000 after acquiring an additional 3,501 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Arrow Financial by 3.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 64,195 shares of the financial services provider’s stock worth $2,180,000 after acquiring an additional 2,106 shares in the last quarter. Maltese Capital Management LLC bought a new stake in Arrow Financial during the first quarter worth $509,000. Finally, MetLife Investment Advisors LLC bought a new stake in Arrow Financial during the fourth quarter worth $210,000. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

Arrow Financial Company Profile

Arrow Financial Corporation, a multi-bank holding company, provides commercial and consumer banking, and financial products and services. Its deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. The company's 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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