Hovde Group analyst Nick Cucharale initiates coverage on Arrow Finl (NASDAQ:AROW) with a Market Perform rating.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/9/2024 | $28.00 → $31.00 | Market Perform | Hovde Group |
| 1/9/2024 | Market Perform | Hovde Group |
Hovde Group resumed coverage of Arrow Financial with a rating of Market Perform and set a new price target of $31.00 from $28.00 previously
Hovde Group initiated coverage of Arrow Financial with a rating of Market Perform
GLENS FALLS, N.Y., July 31, 2023 /PRNewswire/ -- The Board of Directors (the "Board") of Arrow Financial Corporation (the "Company") (NasdaqGS® - AROW) on July 26, 2023, reset the number of directors from 11 to 10 and appointed our President and Chief Executive Officer David S. DeMarco to serve as a Class B member of the Board effective immediately. As an executive officer of the Company, Mr. DeMarco will not be joining any committee of the Board at the effective date of his appointment, nor will he receive any additional compensation for service as a director of the Company. Mr. DeMarco joined the Company in 1987 as a commercial lender and has served in positions of increasing responsibilit
GLENS FALLS, N.Y., July 24, 2023 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) announced financial results for the three-month period ended March 31, 2023. Net income for the first quarter of 2023 was $8.6 million and diluted earnings per share was $0.52. First-Quarter Highlights and Key Metrics Total assets were $4.1 billion.Total deposits were $3.5 billion.Total loans reached a record high of $3.0 billion as of March 31, 2023, an increase of $22.1 million from December 31, 2022.Loan-to-deposit ratio was 85%.Tangible book value per share was $20.55, an increase of $0.60, or 3.01% compared to December 31, 2022.On-balance sheet liquidity of $409 million, or 10%, of total asse
GLENS FALLS, N.Y., Feb. 6, 2023 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® - AROW) is pleased to announce the appointment of Penko Ivanov, CPA, MBA, as Chief Financial Officer, Executive Vice President, Treasurer and Chief Accounting Officer of Arrow and its two subsidiary banks, Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company, as well as its insurance subsidiary, Upstate Agency, LLC., effective February 21, 2023. As CFO, Mr. Ivanov will be responsible for planning and management of all finance, treasury and accounting functions for Arrow, which reported $3.97 billion in assets as of December 31, 2022. He will be based in the Company's Gle
GLENS FALLS, N.Y., Oct. 31, 2024 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) ("Arrow" or "the Company") announced financial results for the three-month period ended September 30, 2024. Net income for the third quarter of 2024 was $9.0 million and fully diluted earnings per share ("EPS") was $0.53, versus $7.7 million and EPS of $0.46 for the same period in 2023. This Earnings Release and related commentary should be read in conjunction with the Company's October 31, 2024 Form 8-K and related Third Quarter 2024 Investor Presentation, which can also be found o
GLENS FALLS, N.Y., Oct. 10, 2024 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) is pleased to announce it was recently named to the prestigious Piper Sandler Sm-All Stars: Class of 2024, a list of 30 top-performing small-cap banks and thrifts in the country. To earn Sm-All Star status, banks and thrifts needed to have a market cap below $2.5 billion and meet certain criteria related to growth, profitability, credit quality and capital strength. Against industry medians, banks needed to outperform in earnings per share growth, loan growth, deposit growth and ret
GLENS FALLS, N.Y., Oct. 3, 2024 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on October 2, 2024, declared a quarterly cash dividend of $0.28 per share payable October 29, 2024 to shareholders of record on October 15, 2024. This represents a 3.7% increase to our quarterly dividend and is in lieu of the 3% stock dividend the Company has declared in recent years. This cash dividend marks the 46th consecutive quarterly cash dividend declared by Arrow. Arrow President and CEO David S. DeMarco: "We are pleased to deliver enhanced value to
SC 13G/A - ARROW FINANCIAL CORP (0000717538) (Subject)
SC 13G - ARROW FINANCIAL CORP (0000717538) (Subject)
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4 - ARROW FINANCIAL CORP (0000717538) (Issuer)
GLENS FALLS, N.Y., Oct. 31, 2024 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) ("Arrow" or "the Company") announced financial results for the three-month period ended September 30, 2024. Net income for the third quarter of 2024 was $9.0 million and fully diluted earnings per share ("EPS") was $0.53, versus $7.7 million and EPS of $0.46 for the same period in 2023. This Earnings Release and related commentary should be read in conjunction with the Company's October 31, 2024 Form 8-K and related Third Quarter 2024 Investor Presentation, which can also be found o
GLENS FALLS, N.Y., Oct. 3, 2024 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on October 2, 2024, declared a quarterly cash dividend of $0.28 per share payable October 29, 2024 to shareholders of record on October 15, 2024. This represents a 3.7% increase to our quarterly dividend and is in lieu of the 3% stock dividend the Company has declared in recent years. This cash dividend marks the 46th consecutive quarterly cash dividend declared by Arrow. Arrow President and CEO David S. DeMarco: "We are pleased to deliver enhanced value to
GLENS FALLS, N.Y., Aug. 6, 2024 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® - AROW), through its bank subsidiary Glens Falls National Bank and Trust Company, completed the acquisition of the Whitehall, New York branch office from Berkshire Bank, a subsidiary of Berkshire Hills Bancorp, Inc. (NYSE:BHLB). The previously announced acquisition of the branch at 184 Broadway in Whitehall, New York closed on August 2, 2024 and included deposit accounts with an aggregate approximate balance of $37.5 million and loans with an aggregate approximate balance of $3 million. Glen
4 - ARROW FINANCIAL CORP (0000717538) (Issuer)
4 - ARROW FINANCIAL CORP (0000717538) (Issuer)
4 - ARROW FINANCIAL CORP (0000717538) (Issuer)
Arrow Financial (NASDAQ:AROW) reported quarterly earnings of $0.52 per share which missed the analyst consensus estimate of $0.54 by 3.7 percent. This is a 48.57 percent increase over earnings of $0.35 per share from the same period last year.
The Board of Directors (the "Board") of Arrow Financial Corporation (the "Company" or "Arrow") (NasdaqGS® - AROW) is pleased to announce that it has unanimously voted to appoint Tenée R. Casaccio as the new Chair of the Arrow Board of Directors, effective June 5, 2024. This appointment by the Board of Directors follows the retirement of the former Board Chair, William L. Owens, Esq., upon the mandatory retirement age of directors as stipulated in the Company's bylaws.
Arrow Financial (NASDAQ:AROW) reported quarterly earnings of $0.45 per share. This is a 10 percent decrease over earnings of $0.50 per share from the same period last year.
10-Q - ARROW FINANCIAL CORP (0000717538) (Filer)
13F-HR - ARROW FINANCIAL CORP (0000717538) (Filer)
8-K - ARROW FINANCIAL CORP (0000717538) (Filer)