Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI Summary - About
Arrow Financial Corporation(AROW)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AROW
10/28/2026: AROW (3-star) is currently NOT-A-BUY. Pass it for now.
Arrow Financial Corporation is a stable regional bank holding company serving communities in upstate New York. It distinguishes itself through a conservative lending culture and an integrated model that combines traditional banking with insurance and wealth management services. The primary investment story rests on its consistency in delivering steady dividends and maintaining long-term financial health. However, the company faces risks related to geographic concentration, interest rate sensitivity, and competition from larger, tech-heavy banking institutions. It is best suited for income-oriented, conservative investors who prioritize stability over high growth and should monitor regional economic health and net interest margin trends.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | Arrow is primarily a stable, slow-growth regional bank rather than a high-growth tech or emerging market play. |
| Momentum investor | Weak fit | The stock typically exhibits low beta and steady price movement rather than high-volatility momentum. |
| Value investor | Strong fit | Arrow is often evaluated based on book value and dividend yield, characteristic of stable regional banking value plays. |
| Dividend investor | Strong fit | The company has a consistent track record of paying dividends, making it suitable for income-focused portfolios. |
| Low-risk investor | Strong fit | Its conservative business model and community banking focus generally lead to lower relative volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Low | The stock is generally less volatile than the broader market due to its regional bank profile. |
| Valuation risk | Medium | Valuation is tied closely to interest rate trends and regional economic health. |
| Competition risk | Medium / high | Competition from large national banks and fintech entities puts pressure on margins. |
| Business quality | Strong | The company has a long history of operational stability and conservative management. |
| Dividend income | Medium | Dividends are reliable but can be impacted by regulatory capital requirements. |
| Execution risk | Medium | Successfully integrating new technology while managing credit risk is key to performance. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 89.85% | Avg. Invested days 77 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 10/28/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 712.05M USD | Price to earnings Ratio 12.4 | 1Y Target Price 43.5 |
Price to earnings Ratio 12.4 | 1Y Target Price 43.5 | ||
Volume (30-day avg) 76.7K shares | Beta 0.73 | 52 Weeks Range 25.57 - 42.37 | Updated Date 10/28/2026 |
52 Weeks Range 25.57 - 42.37 | Updated Date 10/28/2026 | ||
Dividends yield (FY) 3.06% | Basic EPS (TTM) 3.1 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Net Interest Income | Interest earned on loans minus interest paid on deposits. | The primary way banks make money by managing the spread between interest earned and interest paid. |
| Non-Interest Income | Fees from wealth management, insurance agency commissions, and banking service fees. | This diversifies income beyond just interest rates, helping stabilize total revenue. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2026-10-29 | When Before Market | Estimate 0.94 | Actual - |
Profitability
Profit Margin 30.14% | Operating Margin (TTM) 34.66% |
Management Effectiveness
Return on Assets (TTM) 1.15% | Return on Equity (TTM) 12% |
Valuation
Trailing PE 12.4 | Forward PE 13 | Enterprise Value 853.81M | Price to Sales(TTM) 4.18 |
Enterprise Value 853.81M | Price to Sales(TTM) 4.18 | ||
Enterprise Value to Revenue 5.99 | Enterprise Value to EBITDA - | Shares Outstanding 18.52M | Shares Floating 16.18M |
Shares Outstanding 18.52M | Shares Floating 16.18M | ||
Percent Insiders 2.96 | Percent Institutions 54.05 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.