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Arrow Financial Corporation (AROW)
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Company Info

ISIN
US0427441029
CUSIP
042744102
IPO Date
Sep 7, 1984

Highlights

Market Cap
$550.98M
Enterprise Value
$521.85M
EPS (TTM)
$2.67
PE Ratio
12.57
PEG Ratio
5.22
Total Revenue (TTM)
$210.15M
Gross Profit (TTM)
$115.76M
EBITDA (TTM)
$43.23M
Year Range
$22.72 - $36.44
Target Price
$30.00
ROA (TTM)
0.99%
ROE (TTM)
10.18%

Share Price Chart


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Arrow Financial Corporation

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Arrow Financial Corporation, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Arrow Financial Corporation (AROW) has returned 7.82% so far this year and 32.78% over the past 12 months. Over the last ten years, AROW has returned 8.46% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


Arrow Financial Corporation

1D
0.66%
1M
0.78%
YTD
7.82%
6M
20.77%
1Y
32.78%
3Y*
16.58%
5Y*
5.66%
10Y*
8.46%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Sep 7, 1984, AROW's average daily return is +0.07%, while the average monthly return is +1.22%. At this rate, your investment would double in approximately 4.8 years.

Historically, 56% of months were positive and 44% were negative. The best month was May 1994 with a return of +36.3%, while the worst month was Jun 1991 at -20.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 9 months.

On a daily basis, AROW closed higher 43% of trading days. The best single day was Sep 30, 2008 with a return of +29.0%, while the worst single day was Sep 29, 2008 at -18.3%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20267.68%-0.64%0.78%7.82%
2025-7.31%2.65%-2.74%-6.69%6.09%2.60%1.44%12.12%-4.81%-1.45%9.12%4.15%13.95%
2024-9.84%-3.73%4.34%-10.99%14.03%3.74%21.00%-2.31%-6.00%0.55%15.56%-12.95%7.15%
2023-2.92%-7.38%-17.53%-13.33%-15.52%12.08%-0.10%-11.16%-0.45%25.21%16.94%13.35%-10.78%
20220.43%-2.16%-5.62%-3.45%6.71%-3.98%5.47%-3.49%-7.55%20.82%1.79%-3.61%2.33%
2021-1.71%8.37%5.41%6.12%4.95%-2.42%0.28%2.22%-3.29%4.34%-3.77%2.89%24.98%

Benchmark Metrics

Arrow Financial Corporation has an annualized alpha of 12.17%, beta of 0.68, and R² of 0.11 versus S&P 500 Index. Calculated based on daily prices since September 10, 1984.

  • This stock participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (64.34%) than losses (39.51%) — typical of diversified or defensive assets.
  • Beta of 0.68 may look defensive, but with R² of 0.11 this stock is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
  • R² of 0.11 means this stock moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
12.17%
Beta
0.68
0.11
Upside Capture
64.34%
Downside Capture
39.51%

Return for Risk

Risk / Return Rank

AROW ranks 76 for risk / return — better than 76% of stocks on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


AROW Risk / Return Rank: 7676
Overall Rank
AROW Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
AROW Sortino Ratio Rank: 7373
Sortino Ratio Rank
AROW Omega Ratio Rank: 6969
Omega Ratio Rank
AROW Calmar Ratio Rank: 8181
Calmar Ratio Rank
AROW Martin Ratio Rank: 8080
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Arrow Financial Corporation (AROW) and compare them to a chosen benchmark (S&P 500 Index).


AROWBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.15

0.90

+0.26

Sortino ratio

Return per unit of downside risk

1.76

1.39

+0.37

Omega ratio

Gain probability vs. loss probability

1.21

1.21

0.00

Calmar ratio

Return relative to maximum drawdown

2.46

1.40

+1.06

Martin ratio

Return relative to average drawdown

6.18

6.61

-0.43

Explore AROW risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Arrow Financial Corporation provided a 3.46% dividend yield over the last twelve months, with an annual payout of $1.16 per share. The company has been increasing its dividends for 10 consecutive years.


2.40%2.60%2.80%3.00%3.20%3.40%3.60%3.80%$0.00$0.20$0.40$0.60$0.80$1.00$1.2020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$1.16$1.14$1.09$1.06$1.03$0.96$0.93$0.90$0.86$0.82$0.80$0.78

Dividend yield

3.46%3.63%3.80%3.78%3.12%2.89%3.40%2.69%3.12%2.88%2.42%3.63%

Monthly Dividends

The table displays the monthly dividend distributions for Arrow Financial Corporation. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.30$0.00$0.30
2025$0.00$0.28$0.00$0.00$0.28$0.00$0.00$0.29$0.00$0.00$0.29$0.00$1.14
2024$0.00$0.27$0.00$0.00$0.27$0.00$0.00$0.27$0.00$0.28$0.00$0.00$1.09
2023$0.00$0.00$0.26$0.00$0.00$0.26$0.00$0.26$0.00$0.00$0.27$0.00$1.06
2022$0.00$0.25$0.00$0.00$0.25$0.00$0.00$0.25$0.00$0.00$0.26$0.00$1.03
2021$0.00$0.00$0.24$0.00$0.00$0.24$0.00$0.00$0.24$0.00$0.00$0.25$0.96

Dividend Yield & Payout


Dividend Yield

Arrow Financial Corporation has a dividend yield of 3.46%, which is quite average when compared to the overall market.

Payout Ratio

Arrow Financial Corporation has a payout ratio of 42.80%, which is quite average when compared to the overall market. This suggests that Arrow Financial Corporation strikes a balance between reinvesting profits for growth and paying dividends to shareholders.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Arrow Financial Corporation. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Arrow Financial Corporation was 67.11%, occurring on Dec 19, 1991. Recovery took 611 trading sessions.

The current Arrow Financial Corporation drawdown is 6.08%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-67.11%Sep 8, 1989578Dec 19, 1991611May 20, 19941189
-50.54%Nov 8, 2021450Aug 23, 2023231Jul 25, 2024681
-38.11%Apr 17, 1998535May 30, 2000189Feb 28, 2001724
-36.66%Dec 27, 201959Mar 23, 2020243Mar 10, 2021302
-30.37%Oct 1, 2008109Mar 9, 2009103Aug 4, 2009212

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Financials

Financial Performance

The chart below illustrates the trends in the financial health of Arrow Financial Corporation over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.


Annual
Quarterly

0.0

Valuation

The Valuation section provides an overview of how Arrow Financial Corporation is priced in the market compared to other companies in the Banks - Regional industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.


PE Ratio

The chart displays the Price-to-Earnings (P/E) ratio for AROW, comparing it with other companies in the Banks - Regional industry. Currently, AROW has a P/E ratio of 12.6. This P/E ratio is in line with the industry average, suggesting the stock may be fairly valued relative to its earnings.

PEG Ratio

The chart shows the Price/Earnings to Growth (PEG) ratio for AROW compared to other companies in the Banks - Regional industry. AROW currently has a PEG ratio of 5.2. This PEG ratio is higher than the industry average, which may suggest the stock is overvalued relative to its expected earnings growth.

PS Ratio

This chart shows the Price-to-Sales (P/S) ratio for AROW relative to other companies in the Banks - Regional industry. Currently, AROW has a P/S ratio of 2.6. This P/S ratio falls within the average range for the industry, suggesting the stock is fairly valued based on its revenue.

PB Ratio

The chart illustrates the Price-to-Book (P/B) ratio for AROW in comparison with other companies in the Banks - Regional industry. Currently, AROW has a P/B value of 1.3. This P/B ratio is higher than most companies in the industry. It may suggest the stock is overvalued or that investors expect the company to generate high returns on its assets.

Income Statement



TTM
Revenue

Total Revenue

Cost Of Revenue

Gross Profit

Operating Expenses

Selling, General & Admin Expenses

R&D Expenses

Depreciation And Amortization

Total Operating Expenses

Income

Income Before Tax

Operating Income

EBITDA

EBIT

Earnings From Continuing Operations

Net Income

Income Tax Expense

Other Non-Operating Income (Expenses)

Extraordinary Items

Discontinued Operations

Effect Of Accounting Charges

Non Recurring

Minority Interest

Other Items

Interest Income

Interest Expense

Net Interest Income

Values in undefined except per share items