Analysts Anticipate Alerus Financial Co. (NASDAQ:ALRS) to Announce $0.54 EPS

Equities research analysts forecast that Alerus Financial Co. (NASDAQ:ALRSGet Rating) will post earnings of $0.54 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Alerus Financial’s earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.49. Alerus Financial posted earnings per share of $0.86 in the same quarter last year, which would suggest a negative year over year growth rate of 37.2%. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Alerus Financial will report full-year earnings of $2.32 per share for the current financial year, with EPS estimates ranging from $2.15 to $2.40. For the next financial year, analysts forecast that the company will post earnings of $2.47 per share, with EPS estimates ranging from $2.35 to $2.60. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Alerus Financial.

Alerus Financial (NASDAQ:ALRSGet Rating) last released its quarterly earnings results on Wednesday, January 26th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.19. Alerus Financial had a return on equity of 15.20% and a net margin of 21.95%. The company had revenue of $56.51 million during the quarter, compared to analysts’ expectations of $53.86 million. During the same quarter in the prior year, the firm posted $0.57 EPS.

Separately, Zacks Investment Research lowered Alerus Financial from a “buy” rating to a “hold” rating in a research report on Friday, April 1st.

ALRS stock opened at $26.36 on Friday. 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 has a 50 day simple moving average of $28.20 and a 200-day simple moving average of $29.77. The firm has a market capitalization of $458.74 million, a PE ratio of 8.85 and a beta of 0.73. Alerus Financial has a 1 year low of $25.46 and a 1 year high of $38.31.

A number of large investors have recently added to or reduced their stakes in the business. Alerus Financial NA increased its holdings in Alerus Financial by 21.6% in the fourth quarter. Alerus Financial NA now owns 2,383,791 shares of the company’s stock valued at $69,797,000 after buying an additional 423,915 shares during the last quarter. Mairs & Power Inc. purchased a new position in shares of Alerus Financial during the fourth quarter worth about $1,701,000. Millennium Management LLC purchased a new position in shares of Alerus Financial during the fourth quarter worth about $986,000. BlackRock Inc. grew its holdings in shares of Alerus Financial by 2.9% during the third quarter. BlackRock Inc. now owns 1,022,913 shares of the company’s stock worth $30,565,000 after purchasing an additional 29,274 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Alerus Financial during the fourth quarter worth about $668,000. Institutional investors own 36.08% of the company’s stock.

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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Earnings History and Estimates for Alerus Financial (NASDAQ:ALRS)

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