Arrow Financial
Market Cap
US$488.7m
Last Updated
2019/10/14 23:31 UTC
Data Sources
Company Financials +
Executive Summary
Arrow Financial Corporation, a bank holding company, provides commercial and consumer banking, and financial products and services.
Snowflake
Fundamentals
Flawless balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Arrow Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.5%
AROW
1.7%
US Banks
1.3%
US Market
1 Year Return
-3.4%
AROW
0.3%
US Banks
5.9%
US Market
Return vs Industry: AROW underperformed the US Banks industry which returned 0.3% over the past year.
Return vs Market: AROW underperformed the US Market which returned 5.9% over the past year.
Shareholder returns
| AROW | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | 1.7% | 1.3% |
| 30 Day | -5.9% | -2.4% | -1.9% |
| 90 Day | -0.1% | 1.0% | -1.8% |
| 1 Year | -0.4%-3.4% | 3.2%0.3% | 8.3%5.9% |
| 3 Year | 21.6%11.4% | 52.1%41.7% | 45.6%36.2% |
| 5 Year | 71.6%46.3% | 69.8%51.4% | 66.1%47.9% |
Price Volatility Vs. Market
How volatile is Arrow Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Despite Its High P/E Ratio, Is Arrow Financial Corporation (NASDAQ:AROW) Still Undervalued?4 weeks ago | Simply Wall St
Does Arrow Financial (NASDAQ:AROW) Deserve A Spot On Your Watchlist?1 month ago | Simply Wall St
Is It Smart To Buy Arrow Financial Corporation (NASDAQ:AROW) Before It Goes Ex-Dividend?Valuation
Is Arrow Financial undervalued compared to its fair value and its price relative to the market?
13.64x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: AROW ($32.69) is trading above our estimate of fair value ($29.76)
Significantly Undervalued: AROW is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AROW is poor value based on its PE Ratio (13.6x) compared to the Banks industry average (12.5x).
PE vs Market: AROW is good value based on its PE Ratio (13.6x) compared to the US market (17.5x).
Price to Earnings Growth Ratio
Low PEG Ratio: Insufficient data to calculate AROW's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AROW is overvalued based on its PB Ratio (1.7x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Arrow Financial forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
1.3%
Forecasted Banks industry annual growth in earnings
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if AROW's forecast earnings growth is above the savings rate (2.7%).
Earnings vs Market: Insufficient data to determine if AROW's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: Insufficient data to determine if AROW's revenue is forecast to grow faster than the US market.
High Growth Revenue: Insufficient data to determine if AROW's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if AROW's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Arrow Financial performed over the past 5 years?
10.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: AROW's earnings have grown by 10.4% per year over the past 5 years.
Accelerating Growth: AROW's earnings growth over the past year (5.7%) is below its 5-year average (10.4% per year).
Earnings vs Industry: AROW earnings growth over the past year (5.7%) underperformed the Banks industry 31.8%.
Return on Equity
High ROE: AROW's Return on Equity (12.5%) is considered low.
Return on Assets
ROA vs Industry: AROW has a higher Return on Assets than the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate AROW's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
Financial Health
How is Arrow Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: AROW has a low level of unsold assets or inventory.
Debt Coverage by Assets: AROW's debt is not covered by short term assets (assets are 0.3x debt).
Financial Institutions Analysis
Asset Level: AROW's level of assets compared to its equity is moderate.
Allowance for Bad Loans: AROW has a sufficient allowance for bad loans.
Low Risk Liabilities: AROW's liabilities are made up of primarily low risk sources of funding.
Loan Level: AROW has an acceptable proportion of non-loan assets held.
Low Risk Deposits: AROW's loans are broadly funded by customer deposits.
Level of Bad Loans: AROW has an appropriate level of bad loans (0.24%)
Next Steps
Dividend
What is Arrow Financial's current dividend yield, its reliability and sustainability?
3.09%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: AROW's dividend (3.09%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: AROW's dividend (3.09%) is low compared to the top 25% of dividend payers in the US market (3.77%).
Stable Dividend: AROW's dividends per share have been stable in the past 10 years.
Growing Dividend: AROW's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.7%), AROW's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Arrow Financial's salary, the management and board of directors tenure and is there insider trading?
4.7yrs
Average management tenure
CEO
Tom Murphy (60yo)
6.8yrs
Tenure
US$1,335,544
Compensation
Mr. Thomas J. Murphy, also known as Tom, CPA has been the Chief Executive Officer and President of Glens Falls National Bank and Trust Company since January 1, 2013. Mr. Murphy serves as the President of C ...
CEO Compensation Analysis
Compensation vs. Market: Tom's total compensation ($USD1.34M) is about average for companies of similar size in the US market ($USD1.83M).
Compensation vs Earnings: Tom's compensation has increased by more than 20% in the past year.
Management Age and Tenure
4.7yrs
Average Tenure
57yo
Average Age
Experienced Management: AROW's management team is considered experienced (4.7 years average tenure).
Board Age and Tenure
14.6yrs
Average Tenure
68yo
Average Age
Experienced Board: AROW's board of directors are seasoned and experienced ( 14.6 years average tenure).
Insider Trading
Insider Buying: AROW insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 3,605 |
| Max Price | US$31.08 |
| Entity | Individual |
| Role | Senior Key Executive Senior VP & Chief Banking Officer |
| Shares | 1,019.7 |
| Max Price | US$31.55 |
| Entity | Individual |
| Role | Senior Key Executive Senior VP & Chief Banking Officer |
| Shares | 2,887.09 |
| Max Price | US$31.55 |
| Entity | Individual |
| Role | Senior Key Executive Senior VP & Chief Banking Officer |
| Shares | 103 |
| Max Price | US$31.55 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 3,605 |
| Max Price | US$31.44 |
| Entity | Individual |
| Role | Senior Key Executive Senior VP & Chief Banking Officer |
| Shares | 1,845.76 |
| Max Price | US$32.04 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 367.71 |
| Max Price | US$31.26 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 734.39 |
| Max Price | US$34.12 |
Ownership Breakdown
Management Team
David Kaiser (58yo)
Senior Vice President
- Tenure: 4.7yrs
- Compensation: US$426.69k
Peter Lareau
Corporate Secretary
- Tenure: 0yrs
Dave DeMarco (57yo)
Senior VP & Chief Banking Officer
- Tenure: 10.4yrs
- Compensation: US$524.32k
Tom Murphy (60yo)
President
- Tenure: 6.8yrs
- Compensation: US$1.34m
Ed Campanella (51yo)
Senior VP
- Tenure: 2.1yrs
- Compensation: US$343.35k
Andrew Wise (52yo)
Senior VP & COO
- Tenure: 1.7yrs
- Compensation: US$313.18k
Board Members
Michael Massiano (84yo)
Chairman Emeritus
- Tenure: 15.5yrs
- Compensation: US$20.10k
Tom Hoy (70yo)
Chairman of the Board
- Tenure: 15.5yrs
- Compensation: US$104.46k
David Kruczlnicki (66yo)
Director
- Tenure: 30.8yrs
- Compensation: US$59.65k
Richard Reisman (73yo)
Director
- Tenure: 20.8yrs
- Compensation: US$65.45k
Bill Owens (70yo)
Lead Director
- Tenure: 2.4yrs
- Compensation: US$52.69k
Gary Dake (58yo)
Director
- Tenure: 16.8yrs
- Compensation: US$56.21k
Michael Clarke (72yo)
Director
- Tenure: 13.7yrs
- Compensation: US$60.76k
Ray O'Conor (63yo)
Director
- Tenure: 2.8yrs
- Compensation: US$59.06k
Tom Murphy (60yo)
President
- Tenure: 6.8yrs
- Compensation: US$1.34m
Colin Read (59yo)
Director
- Tenure: 6.4yrs
- Compensation: US$54.31k
Company Information
Arrow Financial Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Arrow Financial Corporation
- Ticker: AROW
- Exchange: NasdaqGS
- Founded: 1851
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$488.706m
- Shares outstanding: 14.95m
- Website: https://www.arrowfinancial.com
Number of Employees
Location
- Arrow Financial Corporation
- 250 Glen Street
- Glens Falls
- New York
- 12801
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AROW | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jan 1975 |
Biography
Arrow Financial Corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. The company’s deposit products include demand deposits, interest-bearing ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/14 23:31 |
| End of Day Share Price | 2019/10/14 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.