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On Tuesday, Zacks Investment Research upgraded NASDAQ: AROW rating to a “buy” from a rating of “hold.” The company’s price target is currently at $31.00. Arrow Financial Inc operates as a bank holding firm. 

How Did The Stock Market Analysts React To NASDAQ: AROW Rating?

BidaskClub increases its NASDAQ: AROW holding to a rating of “hold” from a rating of “sell” on 7th October during a Wednesday report. Piper Sandler decreases its objective price on NASDAQ: AROW to $28.00 from $30.00. They also issued a rating of “neutral” against Arrow Financial Inc on 28th September during a Monday report. 

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Additionally, one stock market analyst issued a rating of “sell” for NASDAQ: AROW, two issued a rating of “hold”, and one issued a rating of “buy.” Arrow Financial Inc has an average “hold” rating and a target price of $29.50.

On Tuesday, Arrow Financial Inc started trading at $0.50. NASDAQ: AROW has a one year low and one year high of $20.78 and $38.31 respectively. The company’s market cap is $427.79 million. It’s beta and price to earnings are 0.65 and 11.33 respectively. Furthermore, its quick ratio, current ratio, and debt to equity ratio are 0.89, 0.89, 0.24 respectively. NASDAQ: AROW has 50 days moving average and 200 days moving average of $27.11 and $27.62. 

Which Institutional Investors Increased Or Decreased Their Arrow Financial Inc Stake?

First Trust Advisors LP increased its NASDAQ: AROW shares by 1.3 percent. They currently own an estimate of $868,000, which comes from 26,381 company shares. First Republic Investment Management Inc also increased its Arrow Financial Inc position by 0.4 percent. They currently own an estimate of  $2,892,000, which comes from 97,284 company shares. Bank of Montreal also lifted its NASDAQ: AROW holdings by 59.0 percent. They currently own an estimate of $55,000, which comes from 2,053 company shares. 

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BNP Paribas Arbitrage SA also upgraded it’s NASDAQ: AROW holdings by 26.4 percent. They currently own an estimate of$110,000, which comes from 3,962 company shares. Lastly, Citigroup Inc also boosted its Arrow Financial Inc holdings by 32.5 percent. They currently own an estimate of $102,000, which comes from 3,658 company shares. 

On 21st July, during a Tuesday report, NASDAQ: AROW revealed its earnings for the quarter. As per reports, Arrow Financial Inc earned $0.61 per share. The company’s net margin and return on equity are 26.09 percent and 12.15 percent. 

Arrow Financial Inc (NASDAQ: AROW) reported total revenue for the quarter at $32.01 million. Stock market analysts had estimated that the company will bring in $32.58 million quarterly revenue.

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