Arrow Financial Corp (NASDAQ: AROW) has reported earnings for its second fiscal quarter (ending June 30) of $0.52 versus $0.36 for the same period a year ago — an increase of 44%. Relative to the consensus estimate of $0.54, this was a shortfall of $-0.02. For the latest four quarters through June 30, E.P.S. were $1.89 compared to $2.35 a year ago — a decline of -20%.
Recent Price Action
Arrow Financial Corp (NASDAQ: AROW) stock enjoyed a large increase of 4.4% on 7/25/24. The stock closed at $32.41. Moreover, this advance was accompanied by above average trading volume at 127% of normal. The stock has performed in line with the market over the last nine months and has risen 7.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, AROW is expected to continue to be a Value Builder.
Arrow Financial has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Arrow Financial has a neutral Appreciation Score of 59 and a slightly negative Power Rating of 39, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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