News headlines about Arrow Financial (NASDAQ:AROW) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Arrow Financial earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 45.9957785453404 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Separately, BidaskClub downgraded shares of Arrow Financial from a “buy” rating to a “hold” rating in a research note on Tuesday.
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Shares of NASDAQ AROW traded up $0.15 during midday trading on Friday, hitting $36.30. The stock had a trading volume of 52,525 shares, compared to its average volume of 15,891. The company has a market cap of $504.99 million, a PE ratio of 16.78 and a beta of 0.58. Arrow Financial has a 52 week low of $30.70 and a 52 week high of $38.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.83 and a current ratio of 0.83.
Arrow Financial (NASDAQ:AROW) last issued its earnings results on Monday, April 23rd. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. The firm 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%.
The company also recently announced a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Friday, June 1st were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 31st. This represents a $1.00 annualized dividend and a dividend yield of 2.75%.
In related news, SVP David S. Demarco sold 4,019 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 24,185 shares in the company, valued at $907,421.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 5,019 shares of company stock worth $185,968. 4.42% of the stock is owned by insiders.
About Arrow Financial
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.