Wall Street brokerages expect Alerus Financial Co. (NASDAQ:ALRS – Get Rating) to post $54.16 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Alerus Financial’s earnings, with estimates ranging from $53.60 million to $54.73 million. Alerus Financial posted sales of $62.92 million in the same quarter last year, which would indicate a negative year over year growth rate of 13.9%. The company is expected to report its next earnings report after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Alerus Financial will report full year sales of $234.50 million for the current year, with estimates ranging from $231.30 million to $237.71 million. For the next financial year, analysts expect that the firm will report sales of $246.65 million, with estimates ranging from $243.30 million to $250.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Alerus Financial.
Alerus Financial (NASDAQ:ALRS – Get Rating) last issued its earnings results on Wednesday, January 26th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.19. The business had revenue of $56.51 million during the quarter, compared to analyst estimates of $53.86 million. Alerus Financial had a return on equity of 15.20% and a net margin of 21.95%. During the same period in the prior year, the company posted $0.57 earnings per share.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Citigroup Inc. raised its holdings in shares of Alerus Financial by 144.2% during the 3rd quarter. Citigroup Inc. now owns 1,751 shares of the company’s stock worth $52,000 after buying an additional 1,034 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Alerus Financial by 132.3% during the 3rd quarter. Royal Bank of Canada now owns 2,472 shares of the company’s stock worth $74,000 after buying an additional 1,408 shares in the last quarter. Alberta Investment Management Corp acquired a new position in shares of Alerus Financial during the 4th quarter worth $205,000. Squarepoint Ops LLC acquired a new position in shares of Alerus Financial during the 4th quarter worth $215,000. Finally, Bell Bank acquired a new position in shares of Alerus Financial during the 3rd quarter worth $232,000. 36.08% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ ALRS traded down $0.78 during trading hours on Friday, reaching $26.23. The stock had a trading volume of 17,688 shares, compared to its average volume of 23,118. The business’s fifty day moving average is $28.67 and its two-hundred day moving average is $30.00. The company has a market cap of $456.40 million, a price-to-earnings ratio of 8.80 and a beta of 0.73. Alerus Financial has a twelve month low of $25.62 and a twelve month high of $38.31. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.68 and a quick ratio of 0.67.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 8th. Shareholders of record on Friday, March 18th were issued a $0.16 dividend. The ex-dividend date was Thursday, March 17th. This represents a $0.64 annualized dividend and a yield of 2.44%. Alerus Financial’s dividend payout ratio is presently 21.48%.
About Alerus Financial (Get Rating)
Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial services to businesses and consumers. The company operates in four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. It offers various deposit products, including demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, checking accounts, and certificates of deposit; and treasury management products, including electronic receivables management, remote deposit capture, cash vault services, merchant services, and other cash management services.
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