Arrow Financial Corporation
AI Valuation
AI-generated fair value estimate for this company.
AI Fair Value
$32.25
Market Price
$36.38
Overvalued By
12.8%
Method: Gordon-growth price-to-book model: $26.98 book value per share; normalized ROE 11%; cost of equity 10%; sustainable growth 5%; justified P/B 1.2x; 18.52M shares outstanding.
Reasoning: Regional bank holding company (recently closed the Adirondack Bancorp acquisition); value is anchored to book value adjusted for normalized return on equity relative to cost of capital, the standard approach for bank valuation.