StockNews.com Upgrades Arrow Financial (NASDAQ:AROW) to “Hold”

Arrow Financial (NASDAQ:AROW) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

Separately, Hovde Group started coverage on shares of Arrow Financial in a research note on Tuesday, January 9th. They issued a “market perform” rating on the stock.

Arrow Financial Stock Up 4.1 %

Arrow Financial stock opened at $22.79 on Friday. The firm has a market cap of $377.17 million, a PE ratio of 12.84 and a beta of 0.70. 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 firm’s 50 day moving average price is $23.91 and its two-hundred day moving average price is $24.22. Arrow Financial has a twelve month low of $16.65 and a twelve month high of $29.66.

Arrow Financial (NASDAQ:AROW) last released its quarterly earnings data on Thursday, February 1st. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.04). The company had revenue of $33.10 million during the quarter, compared to analyst estimates of $35.01 million. Arrow Financial had a net margin of 15.69% and a return on equity of 8.21%. On average, research analysts predict that Arrow Financial will post 2.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Arrow Financial during the 4th quarter worth $53,000. Financial Counselors Inc. grew its stake in Arrow Financial by 3.0% in the 3rd quarter. Financial Counselors Inc. now owns 17,612 shares of the financial services provider’s stock valued at $300,000 after buying an additional 510 shares during the last quarter. Trust Co. of Vermont grew its stake in Arrow Financial by 3.0% in the 3rd quarter. Trust Co. of Vermont now owns 39,105 shares of the financial services provider’s stock valued at $666,000 after buying an additional 1,137 shares during the last quarter. SG Americas Securities LLC grew its stake in Arrow Financial by 22.1% in the 4th quarter. SG Americas Securities LLC now owns 8,033 shares of the financial services provider’s stock valued at $224,000 after buying an additional 1,454 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in Arrow Financial by 5.1% in the 3rd quarter. HighTower Advisors LLC now owns 15,982 shares of the financial services provider’s stock valued at $273,000 after buying an additional 770 shares during the last quarter. Institutional investors and hedge funds own 46.71% of the company’s stock.

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.