Why Arrow Financial Corporation’s (AROW) Stock Is Up 9.57%

By AAII Staff
October 25, 2023
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Arrow Financial Corporation before investing.

In this article, we go over a few key elements for understanding Arrow Financial Corporation’s stock price such as:

  • Arrow Financial Corporation’s current stock price and volume
  • Why Arrow Financial Corporation’s stock price changed recently
  • Upgrades and downgrades for AROW from analysts
  • AROW’s stock price momentum as measured by its relative strength

About Arrow Financial Corporation (AROW)

Before we jump into Arrow Financial Corporation’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Arrow Financial Corporation is a bank holding company. The banking subsidiaries are Glens Falls National Bank and Trust Company (GFNB), and Saratoga National Bank and Trust Company (SNB). The Company provides a broad range of banking and insurance services across northeastern New York, including online and mobile banking, wealth management, money market and deposit accounts, and mortgage, consumer and commercial loans. Its loan portfolio consists of Commercial, Commercial Real Estate, Consumer Loans, and Residential. It offers a variety of loan options to meet the specific needs of its commercial customers including term loans, time notes and lines of credit. It offers commercial real estate loans to finance real estate purchases, refinancings, expansions and improvements to commercial properties. Its consumer loans primarily comprised automobile loans. It finances the purchases of automobiles indirectly through dealer relationships located throughout upstate New York and Vermont.

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Arrow Financial Corporation’s Stock Price as of Market Close

As of October 25, 2023, 4:00 PM, CST, Arrow Financial Corporation’s stock price was $19.93.

Arrow Financial Corporation is up 9.57% from its previous closing price of $18.19.

During the last market session, Arrow Financial Corporation’s stock traded between $17.76 and $18.20. Currently, there are 17.05 million shares of Arrow Financial Corporation stock available for purchase.

Arrow Financial Corporation’s price-earnings (P/E) ratio is currently at 8.0, which is high compared to the Banks industry median of 7.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Arrow Financial Corporation Stock Price History

Arrow Financial Corporation’s (AROW) price is currently up 17.1% so far this month.

During the month of October, Arrow Financial Corporation’s stock price has reached a high of $20.14 and a low of $16.70.

Over the last year, Arrow Financial Corporation has hit prices as high as $35.44 and as low as $16.38. Year to date, Arrow Financial Corporation’s stock is down 39.98%.

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What Caused Arrow Financial Corporation Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of October 24, 2023, there was 1 analyst who downgraded Arrow Financial Corporation’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Arrow Financial Corporation’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Arrow Financial Corporation’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Arrow Financial Corporation’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Arrow Financial Corporation (AROW) by visiting AAII Stock Evaluator.

Relative Price Strength of Arrow Financial Corporation

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of October 24, 2023, Arrow Financial Corporation has a weighted four-quarter relative price strength of -10.68%, which translates to a Momentum Score of 33 and is considered to be Weak.

Want to learn more about how Arrow Financial Corporation is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Arrow Financial Corporation Stock Price: Bottom Line

As of October 25, 2023, Arrow Financial Corporation’s stock price is $19.93, which is up 9.57% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Arrow Financial Corporation stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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