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Alerus Financial (ALRS) Stock Price, News & Analysis

$21.86
+0.14 (+0.64%)
(As of 11:51 AM ET)
Today's Range
$21.47
$21.90
50-Day Range
$20.82
$24.50
52-Week Range
$13.11
$25.85
Volume
10,608 shs
Average Volume
43,905 shs
Market Capitalization
$431.52 million
P/E Ratio
38.35
Dividend Yield
3.48%
Price Target
$21.67

Alerus Financial MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.9% Downside
$21.67 Price Target
Short Interest
Bearish
2.15% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.36
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
19.61%
From $1.53 to $1.83 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.99 out of 5 stars

Finance Sector

399th out of 858 stocks

National Commercial Banks Industry

51st out of 84 stocks

ALRS stock logo

About Alerus Financial Stock (NASDAQ:ALRS)

Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that engages in the provision of various financial services to businesses and consumers. The company operates in four segments: Banking, Mortgage, Retirement and Benefit Services, and Wealth Management. 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. The company also provides commercial loans, business term loans, lines of credit, and commercial real estate loans, as well as construction and land development loans; consumer lending products, including residential first mortgage loans; installment loans and lines of credit; and second mortgage loans. In addition, it offers retirement plan administration and investment advisory services, employee stock ownership plan, fiduciary services, payroll, health savings accounts, and other benefit services, as well as individual retirement accounts; and financial planning, investment management, personal and corporate trust, estate administration, and custody services. Further, the company provides debit and credit cards, online banking, mobile banking/wallet, payment, private banking, payroll accounts, flex spending accounts, administration, and government health insurance program services. It offers banking services in North Dakota, Minnesota, and Arizona; and retirement and benefit plans through offices located in Michigan, Minnesota, and Colorado. The company was formerly known as First National Bank North Dakota and changed its name to Alerus Financial Corporation in 2000. Alerus Financial Corporation was founded in 1879 and is headquartered in Grand Forks, North Dakota.

ALRS Stock Price History

ALRS Stock News Headlines

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Alerus Financial Corp.
The AI Defense Stock Set to Soar
To protect our interests, The Pentagon has partnered with this small AI defense contractor - creating some of the most powerful AI defenses ever made.
Alerus Financial Corp (ALRS)
Q4 2023 Alerus Financial Corp Earnings Call
Alerus (ALRS) Misses Q4 Earnings Estimates
Should Value Investors Buy Alerus Financial (ALRS) Stock?
Alerus Financial Corp's Dividend Analysis
Alerus Finl: Dividend Insights
See More Headlines
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Company Calendar

Ex-Dividend for 1/12 Dividend
12/26/2023
Dividend Payable
1/12/2024
Last Earnings
1/24/2024
Ex-Dividend for 4/12 Dividend
3/14/2024
Today
3/28/2024
Dividend Payable
4/12/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:ALRS
Fax
N/A
Employees
709
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$21.67
High Stock Price Target
$24.00
Low Stock Price Target
$18.00
Potential Upside/Downside
-0.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$11.70 million
Pretax Margin
6.47%

Debt

Sales & Book Value

Annual Sales
$269.76 million
Cash Flow
$2.18 per share
Book Value
$18.67 per share

Miscellaneous

Free Float
18,633,000
Market Cap
$431.52 million
Optionable
Optionable
Beta
0.65
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Key Executives

  • Ms. Katie A. Lorenson (Age 43)
    President, CEO & Director
    Comp: $826.27k
  • Ms. Karin M. Taylor (Age 56)
    Executive VP, Chief Risk & Operating Officer
    Comp: $497.22k
  • Mr. Alan A. Villalon (Age 50)
    Executive VP & CFO
  • Mr. Sunil N. Swami (Age 67)
    Chief Investment Officer
  • Ms. Kari Koob (Age 40)
    Director of Accounting & Principal Accounting Officer
  • Mr. Jonathan N. Hendry (Age 58)
    Executive VP & CTO
  • Ms. Bonnie Upham CPA
    Chief Compliance Officer
  • Mr. Scott Fenske
    General Counsel & Corporate Secretary
  • Mr. Wade Dykema
    Director of Sales, Alerus Retirement & Benefits
  • Mr. Chris Wolf CPA
    Market President of Northern Valley

ALRS Stock Analysis - Frequently Asked Questions

Should I buy or sell Alerus Financial stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alerus Financial in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ALRS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALRS, but not buy additional shares or sell existing shares.
View ALRS analyst ratings
or view top-rated stocks.

What is Alerus Financial's stock price target for 2024?

3 Wall Street analysts have issued 1 year price targets for Alerus Financial's stock. Their ALRS share price targets range from $18.00 to $24.00. On average, they expect the company's stock price to reach $21.67 in the next year. This suggests that the stock has a possible downside of 0.9%.
View analysts price targets for ALRS
or view top-rated stocks among Wall Street analysts.

How have ALRS shares performed in 2024?

Alerus Financial's stock was trading at $22.39 at the start of the year. Since then, ALRS shares have decreased by 2.4% and is now trading at $21.86.
View the best growth stocks for 2024 here
.

When is Alerus Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our ALRS earnings forecast
.

How were Alerus Financial's earnings last quarter?

Alerus Financial Co. (NASDAQ:ALRS) announced its quarterly earnings results on Wednesday, January, 24th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by $0.05. The business had revenue of $46.99 million for the quarter, compared to analyst estimates of $45 million. Alerus Financial had a net margin of 4.34% and a trailing twelve-month return on equity of 8.69%.

How often does Alerus Financial pay dividends? What is the dividend yield for Alerus Financial?

Alerus Financial declared a quarterly dividend on Tuesday, February 27th. Stockholders of record on Friday, March 15th will be given a dividend of $0.19 per share on Friday, April 12th. This represents a $0.76 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for ALRS
.

Is Alerus Financial a good dividend stock?

Alerus Financial (NASDAQ:ALRS) pays an annual dividend of $0.76 per share and currently has a dividend yield of 3.60%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 133.34%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ALRS will have a dividend payout ratio of 41.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALRS.

What is Randy Newman's approval rating as Alerus Financial's CEO?

17 employees have rated Alerus Financial Chief Executive Officer Randy Newman on Glassdoor.com. Randy Newman has an approval rating of 100% among the company's employees. This puts Randy Newman in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

When did Alerus Financial IPO?

Alerus Financial (ALRS) raised $76 million in an initial public offering on Friday, September 13th 2019. The company issued 3,300,000 shares at a price of $22.00-$24.00 per share. RAYMOND JAMES and D.A. Davidson & Co. served as the underwriters for the IPO and Piper Jaffray was co-manager.

Who are Alerus Financial's major shareholders?

Alerus Financial's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (4.54%), Vanguard Group Inc. (4.54%), Brown Advisory Inc. (1.31%), Dimensional Fund Advisors LP (1.29%), Northern Trust Corp (0.93%) and Cutler Capital Management LLC (0.80%). Insiders that own company stock include Alan Villalon, Janet O Estep, Jerrod Hanson, Katie A Lorenson, Mary Zimmer and Missy Keney.
View institutional ownership trends
.

How do I buy shares of Alerus Financial?

Shares of ALRS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ALRS) was last updated on 3/28/2024 by MarketBeat.com Staff

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