Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
18 September 1980Website:
http://www.arrowfinancial.comNext earnings report:
08 August 2024Last dividends:
10 May 2024Next dividends:
N/APrice
after hours | Tue, 02 Jul 2024 20:01:56 GMTAnalysts recommendations
Institutional Ownership
AROW Latest News
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Arrow Financial (AROW) have what it takes?
Arrow Financial (AROW) came out with quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.71 per share a year ago.
Higher rates, decent loan demand and solid balance sheet will keep supporting Arrow Financial (AROW) stock going forward.
Investor optimism over expected rate cuts in 2024 is expected to aid bank stocks like Cullen/Frost (CFR), Glacier Bancorp (GBCI) and Arrow Financial (AROW).
Arrow Financial has outperformed the S&P 500 by an impressive margin, with a total return of 60% in less than three months. The stock remains reasonably valued and analysts expect strong earnings growth next year. Investors should hold the stock for an additional potential 10% capital gain before considering taking profits.
Arrow Financial posted solid third-quarter results this week. The regional bank also expanded its stock buyback authorization and resumed the availability of its dividend-reinvestment plan.
Arrow Financial (AROW) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.72 per share a year ago.
Arrow Financial has dramatically underperformed the S&P 500 and the Financial Select Sector SPDR Fund ETF due to negative market sentiment on regional banks and poor business momentum. The bank is not exposed to the same risks as other banks that have gone out of business, and its stable deposits indicate no sign of an imminent bank run. The bank has raised its dividend for 27 consecutive years and is currently offering a 10-year high dividend yield of 6.2% with a payout ratio of 46%.
Every now and then, the stock market overreacts. Investors sell stocks because of fear, and solid businesses are mispriced.
The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.
What type of business is Arrow Financial?
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 improvements to commercial properties, as well as commercial construction and land development loans to finance projects. The company's lending activities also include consumer installment loans to finance personal expenditures, personal lines of credit, overdraft protection, and automobile loans; and residential real estate loans, fixed home equity loans, and home equity lines of credit for consumers to finance home improvements, debt consolidation, education, and other uses. In addition, it maintains an indirect lending program; and sells residential real estate loan originations into the secondary market. Further, the company provides retirement planning, trust, and estate administration services for individuals; and pension, profit-sharing, and employee benefit plan administration services for corporations. Additionally, it offers insurance agency services comprising group health care policies and life insurance, and property and casualty insurance products; and investment advisory services to its proprietary mutual funds, as well as holds a real estate investment trust. The company operates in the northeastern region of New York State in Warren, Washington, Saratoga, Essex, Clinton, Rensselaer, Albany, and Schenectady counties, as well as surrounding areas. It owns 26 branch banking offices; and leases 12 branch banking offices, as well as two residential loan origination offices. Arrow Financial Corporation was founded in 1851 and is headquartered in Glens Falls, New York.
What sector is Arrow Financial in?
Arrow Financial is in the Financial Services sector
What industry is Arrow Financial in?
Arrow Financial is in the Banks - Regional industry
What country is Arrow Financial from?
Arrow Financial is headquartered in United States
When did Arrow Financial go public?
Arrow Financial initial public offering (IPO) was on 18 September 1980
What is Arrow Financial website?
https://www.arrowfinancial.com
Is Arrow Financial in the S&P 500?
No, Arrow Financial is not included in the S&P 500 index
Is Arrow Financial in the NASDAQ 100?
No, Arrow Financial is not included in the NASDAQ 100 index
Is Arrow Financial in the Dow Jones?
No, Arrow Financial is not included in the Dow Jones index
When does Arrow Financial report earnings?
The next expected earnings date for Arrow Financial is 08 August 2024