AROW
Arrow Financial Corporation Financial Services - Banks - Regional Investor Relations →
Arrow Financial Corporation (AROW) closed at $36.05 as of 2026-02-02, trading 42.2% above its 200-week moving average of $25.35. The stock moved further from the line this week, up from 33.6% last week. With a 14-week RSI of 89, AROW is in overbought territory.
Over the past 2320 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 +13.9%.
With a market cap of $593 million, AROW is a small-cap stock. Return on equity stands at 8.5%. The stock trades at 1.4x book value.
Over the past 33.2 years, a hypothetical investment of $100 in AROW would have grown to $3617, compared to $2849 for the S&P 500. That represents an annualized return of 11.4% vs 10.6% 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 declining at a -22.1% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
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 +18.9% 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 +13.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Feb 1982 | Mar 1982 | 4 | 4.1% | +37.8% | +12532.4% |
| Mar 1990 | Jan 1993 | 150 | 57.4% | -31.9% | +2514.3% |
| Feb 2000 | Dec 2000 | 45 | 20.3% | +13.6% | +957.8% |
| Jan 2001 | Feb 2001 | 4 | 1.4% | +74.2% | +920.7% |
| Jun 2006 | Jun 2006 | 1 | 0.5% | -1.1% | +332.6% |
| Nov 2006 | Dec 2006 | 2 | 2.7% | -2.3% | +329.5% |
| Jan 2007 | Mar 2008 | 61 | 15.4% | -5.6% | +332.8% |
| Apr 2008 | Apr 2008 | 1 | 3.0% | +23.5% | +324.6% |
| Jun 2008 | Jul 2008 | 6 | 16.4% | +19.8% | +311.9% |
| Feb 2009 | Mar 2009 | 3 | 5.9% | +26.6% | +318.2% |
| Nov 2011 | Nov 2011 | 1 | 0.5% | +20.1% | +241.1% |
| Mar 2020 | Nov 2020 | 37 | 22.1% | +32.2% | +63.8% |
| Dec 2020 | Jan 2021 | 1 | 0.3% | +21.3% | +50.8% |
| Jan 2021 | Feb 2021 | 1 | 2.2% | +22.5% | +53.4% |
| Sep 2022 | Oct 2022 | 2 | 3.2% | -38.1% | +43.9% |
| Feb 2023 | Dec 2023 | 40 | 39.4% | -13.9% | +39.3% |
| Jan 2024 | Jul 2024 | 26 | 18.6% | +2.4% | +50.0% |
| Jan 2025 | Jan 2025 | 1 | 4.3% | +31.3% | +46.4% |
| Jan 2025 | Feb 2025 | 1 | 0.6% | +32.4% | +41.1% |
| Feb 2025 | Jun 2025 | 18 | 9.6% | N/A | +41.8% |
| Average | 20 | — | +13.9% | — |
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 Friday close, 2026-02-02