Alerus Financial (ALRS) Set to Announce Earnings on Wednesday

Alerus Financial (NASDAQ:ALRS) will be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Alerus Financial to post earnings of $0.31 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Alerus Financial (NASDAQ:ALRS) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The business had revenue of $46.99 million for the quarter, compared to the consensus estimate of $45.00 million. Alerus Financial had a return on equity of 8.69% and a net margin of 4.34%. On average, analysts expect Alerus Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Alerus Financial Stock Performance

NASDAQ ALRS opened at $19.95 on Wednesday. The stock has a market cap of $393.77 million, a P/E ratio of 35.00 and a beta of 0.65. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.16. Alerus Financial has a twelve month low of $13.11 and a twelve month high of $25.85. The company’s 50-day simple moving average is $21.59 and its 200 day simple moving average is $20.45.

Alerus Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were issued a $0.19 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.81%. Alerus Financial’s payout ratio is presently 133.33%.

Institutional Trading of Alerus Financial

Hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC lifted its holdings in Alerus Financial by 71.1% during the 1st quarter. Lazard Asset Management LLC now owns 1,194 shares of the company’s stock worth $33,000 after buying an additional 496 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Alerus Financial by 68.3% in the third quarter. Tower Research Capital LLC TRC now owns 1,510 shares of the company’s stock worth $34,000 after purchasing an additional 613 shares during the period. Rhumbline Advisers raised its holdings in Alerus Financial by 2.5% during the 3rd quarter. Rhumbline Advisers now owns 25,386 shares of the company’s stock worth $462,000 after purchasing an additional 618 shares during the last quarter. Cutler Capital Management LLC boosted its stake in shares of Alerus Financial by 0.8% in the 2nd quarter. Cutler Capital Management LLC now owns 155,822 shares of the company’s stock valued at $2,802,000 after purchasing an additional 1,161 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Alerus Financial by 6.6% during the fourth quarter. Barclays PLC now owns 20,802 shares of the company’s stock worth $486,000 after buying an additional 1,290 shares during the last quarter. 51.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ALRS shares. TheStreet cut Alerus Financial from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th. DA Davidson lifted their target price on shares of Alerus Financial from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Finally, Piper Sandler increased their price target on Alerus Financial from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 20th.

Alerus Financial Company Profile

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.