AROW
Arrow Financial Corporation Financial Services - Banks - Regional Investor Relations →
Arrow Financial Corporation (AROW) closed at $32.16 as of 2026-03-20, trading 26.8% above its 200-week moving average of $25.36. The stock is currently moving closer to the line, down from 28.2% last week. The 14-week RSI sits at 51, indicating neutral momentum.
Trading volume is running at 1.3x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.12 ratio) is neutral — neither side is clearly dominating.
Over the past 2326 weeks of data, AROW has crossed below its 200-week moving average 20 times. On average, these episodes lasted 20 weeks. Historically, investors who bought AROW at the start of these episodes saw an average one-year return of +15.2%.
With a market cap of $531 million, AROW is a small-cap stock. Return on equity stands at 10.6%. The stock trades at 1.2x book value.
Over the past 33.2 years, a hypothetical investment of $100 in AROW would have grown to $3255, compared to $2683 for the S&P 500. That represents an annualized return of 11.0% vs 10.4% for the index — confirming AROW as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: AROW vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After AROW Crosses Below the Line?
Across 18 historical episodes, buying AROW when it crossed below its 200-week moving average produced an average return of +18.4% after 12 months (median +21.0%), compared to +13.6% for the S&P 500 over the same periods. 72% of those episodes were profitable after one year. After 24 months, the average return was +31.3% vs +17.2% for the index.
Each line shows $100 invested at the moment AROW crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
AROW has crossed below its 200-week MA 20 times with an average 1-year return of +15.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Feb 1982 | Mar 1982 | 4 | 4.1% | +37.8% | +11265.7% |
| Mar 1990 | Jan 1993 | 150 | 57.4% | -31.9% | +2252.2% |
| Feb 2000 | Dec 2000 | 45 | 20.3% | +13.6% | +851.7% |
| Jan 2001 | Feb 2001 | 4 | 1.4% | +74.2% | +818.3% |
| Jun 2006 | Jun 2006 | 1 | 0.5% | -1.1% | +289.2% |
| Nov 2006 | Dec 2006 | 2 | 2.7% | -2.3% | +286.4% |
| Jan 2007 | Mar 2008 | 61 | 15.4% | -5.6% | +289.4% |
| Apr 2008 | Apr 2008 | 1 | 3.0% | +23.5% | +282.0% |
| Jun 2008 | Jul 2008 | 6 | 16.4% | +19.8% | +270.6% |
| Feb 2009 | Mar 2009 | 3 | 5.9% | +26.6% | +276.2% |
| Nov 2011 | Nov 2011 | 1 | 0.5% | +20.1% | +206.9% |
| Mar 2020 | Nov 2020 | 37 | 22.1% | +32.2% | +47.3% |
| Dec 2020 | Jan 2021 | 1 | 0.3% | +21.3% | +35.7% |
| Jan 2021 | Feb 2021 | 1 | 2.2% | +22.5% | +38.0% |
| Sep 2022 | Oct 2022 | 2 | 3.2% | -38.1% | +29.5% |
| Feb 2023 | Dec 2023 | 40 | 39.4% | -13.9% | +25.3% |
| Jan 2024 | Jul 2024 | 26 | 18.6% | +2.4% | +34.9% |
| Jan 2025 | Jan 2025 | 1 | 4.3% | +31.3% | +31.7% |
| Jan 2025 | Feb 2025 | 1 | 0.6% | +32.4% | +27.0% |
| Feb 2025 | Jun 2025 | 18 | 9.6% | +39.3% | +27.5% |
| Average | 20 | — | +15.2% | — |
Frequently Asked Questions
Is AROW below its 200-week moving average?
No. Arrow Financial Corporation (AROW) is currently 26.8% above its 200-week moving average of $25.36. It would need to fall to $25.36 to cross below the line.
What is AROW's 200-week moving average price?
Arrow Financial Corporation's 200-week moving average is $25.36 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when AROW drops below its 200-week moving average?
AROW has crossed below its 200-week moving average 20 times in our data. On average, buying at that moment produced a one-year return of +15.2%. These dips have historically been decent entry points. These episodes lasted 20 weeks on average.
Is AROW a good value right now?
Here's what our data says about AROW as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 51. Return on equity is 10.6%. Price-to-book is 1.2x. This is not a buy or sell recommendation — always do your own research.
How does AROW compare to the S&P 500?
Over the past 33.2 years, $100 invested in AROW would have grown to $3255, compared to $2683 for the S&P 500. That's 11.0% annualized vs 10.4% for the index. AROW has outperformed the broader market over this period.
Does AROW pay a dividend?
Yes. Arrow Financial Corporation currently pays a dividend yield of 373.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20