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Arrow Financial (AROW) Company Profile

Updated Nov 22, 2022

U.S. Stock Screener:

Arrow Financial has the following business profile:
Business Profile of Arrow Financial (AROW)
Company's Full Name:Arrow Financial Corporation
Short Name:Arrow Financial
Trading Ticker Symbol:AROW
Primary Exchange:NASDAQ
Headquarter City/Country:New York, NY
Primary Industry Sector:Finance
Secondary Sub-sector:Members Only! Login / Register to view
Tertiary Sub-sector:Members Only! Login / Register to view
Main Business Areas/Categories:Members Only! Login / Register to view
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Arrow Financial stock

Market and Trading Information for Arrow Financial

The following details were available for trading and market data about the stock of Arrow Financial as of writing:
Trading Details of Arrow Financial (AROW)
Current Share Price:$35.62
Previous Year's Closing Price:$34.97
Percentage Price Change (YTD):1.86%
Market Cap:$588.75 million
52-week Price Range:$28.5 - $36.4
Dividend Per Share:$1.04
EPS (TTM):2.84
Price-Earnings (Trailing):12.54
Price-Earnings (Forward):10.48

Company Profile and Business Description for Arrow Financial

Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Company's banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and Saratoga National Bank and Trust Company (Saratoga National). It operates in community banking industry segment. The subsidiaries of Glens Falls National include Capital Financial Group, Inc. (an insurance agency engaged in selling and servicing group healthcare policies and life insurance); Upstate Agency, LLC (a property and casualty insurance agency); Glens Falls National Insurance Agencies, LLC (a property and casualty insurance agency doing business under the name of McPhillips Insurance Agency); North Country Investment Advisers, Inc. (a registered investment advisor that provides investment advice to the Company's mutual funds), and Arrow Properties, Inc. (a real estate investment trust (REIT)). The Company's business consists primarily of the ownership, supervision and control of its two banks. The Company provides advisory and administrative services and coordinates the general policies and operation of the banks. It offers a range of commercial and consumer banking, and financial products. Its deposit base consists of deposits derived from the communities it serves. Through its banks' trust operations, the Company provides retirement planning, trust and estate administration services for individuals, and pension, profit-sharing and employee benefit plan administration for corporations.

Lending Activities

The Company engages in a range of lending activities, including commercial and industrial lending primarily to small and mid-sized companies; mortgage lending for residential and commercial properties, and consumer installment and home equity financing. The Company's loan portfolio includes residential real estate loans, commercial, commercial real estate and construction and land development loans, and automobile loans primarily through indirect lending. The Company maintains an active indirect lending program through its sponsorship of automobile dealer programs, under which it purchases dealer paper primarily from dealers that meet pre-established specifications. From time-to-time, the Company sells a portion of its residential real estate loan originations into the secondary market, to the Federal Home Loan Mortgage Corporation (Freddie Mac), as well as to other financial institutions and governmental agencies. As of December 31, 2016, the Company's net loans were $1.7 billion.

Investment Activities

Investment securities are classified as held-to-maturity, trading, or available-for-sale, depending on the purposes, for which such securities are acquired and thereafter held. The Company held no trading securities. It purchases only pass-through securities and collateralized mortgage obligations (CMOs) that are issued or guaranteed by the United States federal agencies, and the tranches of CMOs that it purchases are those having shorter maturities. As of December 31, 2016, the Company's total available-for-sale securities amounted to $346 million. As of December 31, 2016, the Company's total held-to-maturity securities amounted to $345 million.

Sources of Funds

The Company's deposit portfolio includes demand deposits, interest-bearing checking accounts, savings deposits and other time deposits. As of December 31, 2016, the Company's total deposits amounted to $2.1 billion.

Arrow's subsidiary banks have in place unsecured federal funds lines of credit with two correspondent banks. In addition to liquidity from short-term investments, investment securities and loans, the Company has supplemented available operating liquidity with additional off-balance sheet sources, such as federal funds lines of credit and credit lines with the Federal Home Loan Bank of New York (FHLBNY).

250 Glen St

ETFs Holding Arrow Financial Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Arrow Financial stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have Arrow Financial stock holding. There are a total of 28 ETFs in Fknol.com records which are holding Arrow Financial stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
AVUSAvantis US Equity ETFAVUS is an actively managed diverse portfolio of U.S. large-, mid-, and small-cap stocks aiming to find those with lower price relative to valuations. ...Full Details0.15%1856
Full List
AVUVAvantis US Small Cap Value ETFAVUV is an actively managed portfolio of U.S. small-cap value companies selected based fundamental criteria. ...Full Details0.25%532
Full List
DESWisdomTree US SmallCap Dividend ETFThe WisdomTree U.S. SmallCap Dividend Fund tracks an index of dividend-paying US stocks. The dividend-weighted index is a small-cap subset of the WisdomTree Dividend Index. ...Full Details0.38%709
Full List
Monthly
DHSWisdomTree US High Dividend FundThe WisdomTree U.S. High Dividend Fund tracks a dividend-weighted index of high-dividend-paying US companies. The index excludes companies with a market cap of less than $200 million. ...Full Details0.38%438
Full List
Monthly
EESWisdomTree US SmallCap Earnings ETFThe WisdomTree U.S. SmallCap Earnings Fund tracks an index of US small-cap stocks weighted by firms' earnings from core operations. The index is a small-cap subset of the WisdomTree Earnings Index. ...Full Details0.38%815
Full List
Quarterly
EXTWisdomTree US Total Earnings ETFThe WisdomTree U.S. Total Earnings Fund tracks an index selected and weighted by earnings over the past four quarters. ...Full Details0.28%1233
Full List
Quarterly
FLQSFranklin LibertyQ US Small Cap Equity ETFThe Franklin LibertyQ U.S. Small-Cap Equity ETF tracks a multi-factor US small-cap index based on a composite scores of quality, value, momentum, and low-volatility. ...Full Details0.35%492
Full List
Annually
FNCLFidelity MSCI Financials Index ETFThe Fidelity MSCI Financials ETF tracks a market-cap-weighted index of stocks in the broad US financials sector. ...Full Details0.08%377
Full List
Quarterly
GSSCGoldman Sachs ActiveBeta US Small Cap Equity ETFThe Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF tracks an index of US small-cap stocks. The index equally weights four factor-based subindexes: value, momentum, quality, and low volatility. ...Full Details0.2%1543
Full List
Quarterly
ITOTiShares Core S&P Total US Stock Market ETFThe iShares Core S&P Total U.S. Stock Market ETF tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ...Full Details0.03%3090
Full List
Quarterly

See Full List of ETFs holding Arrow Financial stock in their respective portfolios.

U.S. Stock Screener:

Peer / Competitor Companies of Major Banks Sector

Along with Arrow Financial Corporation, the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

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▶ Allegiance Bancshares (ABTX): Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily ....See Detailed Company Profile,  Dividend History

▶ American National Bankshares (AMNB): American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segm....See Detailed Company Profile,  Dividend History

▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile,  Dividend History

▶ Ameris Bancorp (ABCB): Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company....See Detailed Company Profile,  Dividend History

▶ AmeriServ Financial (ASRV): AmeriServ Financial Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking service....See Detailed Company Profile,  Dividend History

▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile,  Dividend History

▶ ANZ Bank ADR (ANZBY): Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch....See Detailed Company Profile,  Dividend History

▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile,  Dividend History

▶ Atlantic Capital Bancshares (ACBI): Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, m....See Detailed Company Profile,  Dividend History

▶ Atlantic Union Bankshares Corpo (AUB): Atlantic Union Bankshares Corporation operates as the holding company for Atlantic Union Bank that provides banking and related financial services to....See Detailed Company Profile,  Dividend History

▶ Auburn National Bancorporation (AUBN): Auburn National Bancorporation, Inc., incorporated on April 12, 1990, is a bank holding company. The Company operates through its subsidiary AuburnBank (the Bank), which is a commercial bank located in ....See Detailed Company Profile,  Dividend History

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▶ BancFirst (BANF): BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Company ....See Detailed Company Profile,  Dividend History

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▶ Banco Bradesco Sa (BBDO): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans a....See Detailed Company Profile,  Dividend History

▶ Bancorp of New Jersey (BKJ): Bancorp of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides banking services to individuals, businesses, non-profit organizations, and governmental units. The co....See Detailed Company Profile,  Dividend History

▶ BancorpSouth (BXS): BancorpSouth, Inc., incorporated on February 17, 1982, is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations ....See Detailed Company Profile,  Dividend History

▶ Bank of America (BAC): Bank of America Corporation, incorporated on July 31, 1998, is a bank holding company (BHC) and a financial holding company. The Company is a financial institution, serving individual consumers, small- ....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

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