Media headlines about Arrow Financial (NASDAQ:AROW) have trended somewhat positive on Friday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Arrow Financial earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 47.0317164069522 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Shares of Arrow Financial (AROW) traded up $0.40 during midday trading on Friday, hitting $34.35. 10,700 shares of the company traded hands, compared to its average volume of 13,163. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.44. Arrow Financial has a 12 month low of $30.70 and a 12 month high of $39.05. The stock has a market capitalization of $472.41, a P/E ratio of 17.26 and a beta of 0.65.

Arrow Financial (NASDAQ:AROW) last issued its earnings results on Monday, October 23rd. The financial services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). Arrow Financial had a return on equity of 11.68% and a net margin of 25.36%. The firm had revenue of $26.79 million during the quarter.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.91%. This is an increase from Arrow Financial’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, November 30th. Arrow Financial’s payout ratio is presently 50.25%.

Arrow Financial declared that its Board of Directors has approved a stock repurchase program on Friday, October 27th that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Several research analysts recently commented on the stock. Sandler O’Neill set a $37.00 target price on shares of Arrow Financial and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. BidaskClub downgraded shares of Arrow Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd.

In other Arrow Financial news, SVP David S. Demarco sold 4,141 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $35.30, for a total transaction of $146,177.30. Following the transaction, the senior vice president now directly owns 22,448 shares of the company’s stock, valued at approximately $792,414.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Thomas L. Hoy sold 1,300 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $35.16, for a total transaction of $45,708.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,941 shares of company stock worth $209,435. 4.63% of the stock is owned by insiders.

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Arrow Financial Company Profile

Arrow Financial Corporation (Arrow) is a bank holding company. The Company’s banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and Saratoga National Bank and Trust Company (Saratoga National). It operates in community banking industry segment. The Company’s business consists primarily of the ownership, supervision and control of its two banks.

Insider Buying and Selling by Quarter for Arrow Financial (NASDAQ:AROW)

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