Arrow Financial Corporation (AROW) is a multibank holding firm headquartered in Glens Falls, New York. A leader in the financial industry, it was incorporated in 1983 and has grown exponentially ever since. It's primary subsidiaries are Glens Falls National Bank and Trust Company, and Saratoga National Bank and Trust Company - both are nationally chartered banks regulated by the Office of the Comptroller of the Currency.
Arrow Financial Corporation provides a diversified range of banking and insurance products and services. From traditional services such as checking and savings accounts, to loans - residential mortgages, commercial real estate, consumer and commercial loans, Arrow offers a comprehensive suite of offerings catering to both individuals and businesses.
The company also delivers a wide range of ancillary services including trust administration, retirement plan administration, portfolio management, asset-based lending, and insurance agency services. Their services are offered through a network of more than 50 convenient locations throughout northeastern New York.
Arrow Financial Corporation boasts a strong balance sheet, growing consistently over the years and reporting solid revenues. Insightful leadership, dedicated employees, and innovative product offerings have played a significant role in the company’s growth. Their commitment to customer service is notable — they offer personalized attention to develop financial solutions that cater to the unique needs of each client.
In addition to its banking operations, Arrow also operates in the investment advisory industry through two subsidiary companies, namely, Arrow Investment Advisors LLC and North Country Investment Advisor Corp.
The company operates with a community-focused approach. They invest heavily in local events, charities, and nonprofits, reinforcing their pledge to support the communities in which they operate. Arrow Financial Corporation has a reputation for strong corporate governance and sound financial performance, maintaining a continual focus on serving the financial needs of individuals, families, and businesses in its markets.
Arrow Financial Corporation's shares are publicly traded on the NASDAQ Global Market under the symbol 'AROW'. The company’s commitment to steady growth, exceptional service, and community involvement sets it apart in the banking industry and makes it an attractive investment opportunity for long-term investors seeking stability and growth. It consistently pays dividends to shareholders, reflecting its strong financial position and positive outlook for the future.
As a robust institution with a legacy of service and a focus on sustainable growth, Arrow Financial Corporation continues to be a pillar of strength in the financial sector.
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This article examines how the "higher for longer" interest rate environment set by the Federal Reserve is impacting bank stocks. It highlights three US financial companies—Farmers National Banc (FMNB), Arrow Financial (AROW), and Bank First (BFC)—that are particularly exposed to these rate changes. The piece discusses their revenue streams, dividend yields, and the potential opportunities and risks associated with sustained high interest rates.
Arrow Financial (AROW) announced that its Upstate Agency unit has agreed to acquire Skene Valley Agency. The details of the acquisition are part of a premium news article from MT Newswires, requiring a subscription to view the full content.
Arrow Bank's insurance agency, Upstate Agency LLC, is set to acquire Skene Valley Agency, expanding its presence in Washington County. This acquisition was announced by reporter Luke Nathan of the Albany Business Review.
Arrow Financial Corporation (NASDAQ:AROW) has received a "Moderate Buy" rating from analysts, with three issuing a buy and three a hold recommendation, and an average 12-month price target of $41.63. The company's shares are trading near recent averages, and it offers an attractive 3.0% dividend yield. Despite mixed quarterly results with an EPS miss but revenue beat, institutional investors have increased their stakes, and insider transactions show a director's stock sale.
Bank of New York Mellon Corp has acquired 89,370 shares of Arrow Financial Corporation, valued at approximately $3.66 million, establishing a 0.54% stake in the company. Institutional investors now collectively own 46.71% of Arrow Financial. Analysts maintain a "Moderate Buy" consensus rating with a target price of $41.62, despite the company missing its quarterly EPS estimate but exceeding revenue expectations.
Arrow Financial Corp (AROW) shares increased by 3.8% to $38.82, but GuruFocus's GF Value™ assessment indicates the stock is overvalued by 6.0% compared to its fair value of $36.63. Despite a strong GF Score™ of 69/100 and favorable momentum, concerns exist regarding the company's financial strength and growth potential, both rated 3/10. Mixed activity from gurus and net insider buying suggest varying opinions and confidence in AROW's future performance.