Alerus Financial Co. (NASDAQ:ALRS – Get Rating) – Stock analysts at DA Davidson increased their FY2023 earnings per share (EPS) estimates for shares of Alerus Financial in a note issued to investors on Friday, April 29th. DA Davidson analyst J. Rulis now anticipates that the company will post earnings of $2.70 per share for the year, up from their prior forecast of $2.60.
Alerus Financial (NASDAQ:ALRS – Get Rating) last issued its earnings results on Wednesday, April 27th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Alerus Financial had a return on equity of 13.52% and a net margin of 20.86%. During the same quarter in the prior year, the business posted $0.86 earnings per share.
Shares of ALRS stock opened at $25.55 on Monday. The company has a market cap of $444.65 million, a price-to-earnings ratio of 9.50 and a beta of 0.73. The stock has a 50 day simple moving average of $27.73 and a 200-day simple moving average of $29.53. Alerus Financial has a 12-month low of $24.97 and a 12-month high of $38.31. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.16.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alerus Financial NA increased its stake in Alerus Financial by 21.6% in the 4th quarter. Alerus Financial NA now owns 2,383,791 shares of the company’s stock valued at $69,797,000 after purchasing an additional 423,915 shares in the last quarter. BlackRock Inc. increased its position in Alerus Financial by 1.0% during the fourth quarter. BlackRock Inc. now owns 1,033,573 shares of the company’s stock worth $30,263,000 after buying an additional 10,660 shares in the last quarter. Geode Capital Management LLC increased its position in Alerus Financial by 0.6% during the third quarter. Geode Capital Management LLC now owns 289,492 shares of the company’s stock worth $8,650,000 after buying an additional 1,623 shares in the last quarter. State Street Corp increased its position in Alerus Financial by 2.1% during the fourth quarter. State Street Corp now owns 276,265 shares of the company’s stock worth $8,133,000 after buying an additional 5,736 shares in the last quarter. Finally, John W. Rosenthal Capital Management Inc. increased its position in Alerus Financial by 1.2% during the fourth quarter. John W. Rosenthal Capital Management Inc. now owns 137,818 shares of the company’s stock worth $4,035,000 after buying an additional 1,600 shares in the last quarter. 36.08% of the stock is owned by hedge funds and other institutional investors.
Alerus Financial Company Profile (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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