AROW

Arrow Financial Corporation

Financial Services · $616M market cap

Verdict

Share price

$37.79

close of Oct 3, 2026

Fair value

$42.89

Sticker Price

Payback Price

$17.16

buy price

Undervalued

AROW is Undervalued: at $37.79 it trades 12% below its fair value of $42.89. Its buy price (Payback Price) is $17.16, 55% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth5.4% a year✗
Equity per share growth7.1% a year✗
Sales growth5.4% a year✗
Free cash flow growth4.1% a year✗
Return on invested capital1.7%✗

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Insider activity

Since Jun 17, 2026: no open-market purchases, 1 sale worth $159K and 33 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

DeMarco David S.

President & CEO · 2026-09-04

Tax withholding

$60K

DeMarco David S.

President & CEO · 2026-09-04

Option exercise

$54K

DeMarco David S.

President & CEO · 2026-08-28

Tax withholding

$143K

DeMarco David S.

President & CEO · 2026-08-28

Option exercise

$133K

DeMarco David S.

President & CEO · 2026-08-17

Tax withholding

$102K

Show all 33 other filings

DeMarco David S.

President & CEO · 2026-08-17

Option exercise

$90K

Behan Mark

director · 2026-08-17

Tax withholding

$30K

Behan Mark

director · 2026-08-17

Option exercise

$30K

Behan Mark

director · 2026-08-12

Option exercise

$35K

Behan Mark

director · 2026-08-12

Tax withholding

$35K

Behan Mark

director · 2026-08-06

Tax withholding

$24K

Behan Mark

director · 2026-08-06

Option exercise

$24K

Behan Mark

director · 2026-08-04

Tax withholding

$33K

Behan Mark

director · 2026-08-04

Tax withholding

$32K

Behan Mark

director · 2026-08-04

Option exercise

$33K

Behan Mark

director · 2026-08-04

Option exercise

$32K

O'Conor Raymond F

director · 2026-08-04

Tax withholding

$36K

O'Conor Raymond F

director · 2026-08-04

Option exercise

$36K

O'Conor Raymond F

director · 2026-06-24

Tax withholding

$35K

O'Conor Raymond F

director · 2026-06-24

Option exercise

$35K

Behan Mark

director · 2026-06-18

Tax withholding

$36K

Behan Mark

director · 2026-06-18

Option exercise

$36K

White Daniel James

director · 2026-06-17

J-Other

$8K

Read Colin L

director · 2026-06-17

J-Other

$7K

O'Conor Raymond F

director · 2026-06-17

J-Other

$8K

Morris Philip C

director · 2026-06-17

J-Other

$8K

KRUCZLNICKI DAVID G

director · 2026-06-17

J-Other

$8K

Jahnel Darrin

director · 2026-06-17

J-Other

$11K

Duffy Kristine D

director · 2026-06-17

J-Other

$8K

Casaccio Tenee R

director · 2026-06-17

J-Other

$11K

Dawsey James M

director · 2026-06-17

J-Other

$14K

CHAMPION GREGORY J

director · 2026-06-17

J-Other

$16K

Behan Mark

director · 2026-06-17

J-Other

$8K

About Arrow Financial Corporation

Arrow Financial Corporation functions as a bank holding company, delivering a comprehensive suite of commercial and consumer banking services, alongside various financial products. Its core deposit offerings include conventional options like demand accounts, interest-bearing checking accounts, savings accounts, and diverse time deposits. The company's lending portfolio features commercial credit facilities such as…

Banks - Regional

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works