The Arrow Financial Corporation (AROW) shares are trading at higher $28.36. The current analyst price target stands at $28.00.
To add more color to this target, the company’s high over the last year is $38.31 and the low is $20.78. Over the last 52 weeks, AROW is down -25.97% while the S&P 500 is up 1.07%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, AROW reported a profit of $23.01 million. Arrow Financial Corporation also saw revenues increase to $28.23 million. In addition, AROW has free cash flow of $12.05 million as of 03-2020.
AROW booked profit margins of 33.00%, its Return on Equity (ROE) is 12.40%, and its Return on Assets is 1.20%. All told, it is clear that, AROW needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. AROW has a short ratio of 1.72 and outstanding shares of 15.00M.
AROW has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 33200.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.46. Investors should also keep an eye on sector updates as AROW has historically followed its peers on positive news.
All told, Arrow Financial Corporation AROW has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AROW represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Arrow Financial Corporation AROW is now commanding a market cap of 423.98M and a float of 14.48M. AROW is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of AROW stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in AROW, either long or short, and we have not been compensated for this article.