Arrow Financial Co. (AROW) Plans $0.25 Quarterly Dividend

Arrow Financial Co. (NASDAQ:AROW) declared a quarterly dividend on Thursday, February 1st, Wall Street Journal reports. Investors of record on Thursday, March 1st will be given a dividend of 0.25 per share by the financial services provider on Thursday, March 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Wednesday, February 28th.

Arrow Financial (NASDAQ:AROW) opened at $34.65 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.44. The firm has a market cap of $483.93, a price-to-earnings ratio of 17.18 and a beta of 0.61. Arrow Financial has a 1-year low of $29.81 and a 1-year high of $38.60.

Arrow Financial (NASDAQ:AROW) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.06). The business had revenue of $27.07 million for the quarter. Arrow Financial had a net margin of 26.11% and a return on equity of 11.75%.

AROW has been the topic of several recent research reports. BidaskClub lowered shares of Arrow Financial from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Sandler O’Neill set a $37.00 target price on shares of Arrow Financial and gave the company a “hold” rating in a report on Wednesday, January 3rd.

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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.

Dividend History for Arrow Financial (NASDAQ:AROW)

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