Arrow Financial (NASDAQ:AROW – Get Free Report) and CNB Financial (NASDAQ:CCNE – Get Free Report) are both small-cap finance companies, but which is the better stock? Get Arrow Financial alerts:Analyst RecommendationsThis is a breakdown of current ratings and target prices for Arrow Financial and CNB Financial, as provided by MarketBeat. Given Arrow Financial’s higher possible upside, equities research analysts clearly believe Arrow Financial is more favorable than CNB Financial. Net Margins Return on Equity Return on Assets Arrow Financial 20.56% 12.25% 1.17% CNB Financial 19.37% 13.02% 1.26%Valuation & EarningsThis table compares Arrow Financial and CNB Financial”s revenue, earnings per share (EPS) and valuation. CNB Financial is trading at a lower price-to-earnings ratio than Arrow Financial, indicating that it is currently the more affordable of the two stocks.