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AROW - Arrow Financial: Earnings Likely To Jump Thanks To Loan Growth And Margin Expansion
Arrow Financial Corporation
2024-05-17 05:54:59 ET
Summary
The outlook for all three loan segments, residential real estate, consumer, and commercial, is positive thanks to the regional economy.
Upcoming interest rate cuts will boost the margin, as deposits will re-price faster than loans. Additionally, rate cuts can pause deposit mix deterioration.
The December 2024 target price suggests a moderately high price upside. Further, AROW is offering a good dividend yield.