AROW Stock Summary and Trading Ideas (Arrow Finl | NASDAQ:AROW)

Arrow Financial Corp is a holding company. The company provides various advisory and administrative services and coordinates the general policies and operations of the banks. It provides financial products, including online and mobile banking, mortgages, commercial loans, investments, and others. The company also provides lending services including commercial and industrial lending to small and mid-sized companies; mortgage lending for residential and commercial properties; and consumer installment and home equity financing. The key source of company's revenue is interest income, fees, commission earned through its subsidiaries.

Arrow Finl trades on the NASDAQ stock market under the symbol AROW.

As of October 17, 2024, AROW stock price climbed to $29.93 with 17,990 million shares trading.

AROW has a beta of 0.50, meaning it tends to be less sensitive to market movements. AROW has a correlation of 0.03 to the broad based SPY ETF.

AROW has a market cap of $500.52 million. This is considered a Small Cap stock.

Last quarter Arrow Finl reported $35 million in Revenue and $.52 earnings per share. This beat revenue expectation by $328,000 and missed earnings estimates by -$.02.

In the last 3 years, AROW traded as high as $36.05 and as low as $16.38.

The top ETF exchange traded funds that AROW belongs to (by Net Assets): IWM, VTI, AVUV, VXF, IWN.

AROW has outperformed the market in the last year with a price return of +68.6% while the SPY ETF gained +35.2%. However, in the short term, AROW had mixed performance relative to the market. It has underperformed in the last 3 months, returning +1.1% vs +4.9% return in SPY. But in the last 2 weeks, AROW shares have fared better than the market returning +9.3% compared to SPY +2.6%.

AROW support price is $29.06 and resistance is $30.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AROW shares will trade within this expected range on the day.