Alerus Financial (ALRS) Projected to Post Quarterly Earnings on Monday

Alerus Financial (NASDAQ:ALRS) is projected to post its quarterly earnings results after the market closes on Monday, April 28th. Analysts expect Alerus Financial to post earnings of $0.43 per share and revenue of $66.20 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Alerus Financial (NASDAQ:ALRS) last announced its earnings results on Tuesday, January 28th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.16. Alerus Financial had a net margin of 6.26% and a return on equity of 7.66%. 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 Price Performance

ALRS opened at $17.00 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.85 and a quick ratio of 0.85. The company’s 50 day simple moving average is $18.74 and its 200-day simple moving average is $20.44. Alerus Financial has a one year low of $15.78 and a one year high of $24.41. The stock has a market capitalization of $433.69 million, a P/E ratio of 16.67 and a beta of 0.67.

Alerus Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 14th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.71%. The ex-dividend date was Friday, March 14th. Alerus Financial’s dividend payout ratio is 78.43%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ALRS shares. Piper Sandler boosted their price objective on Alerus Financial from $21.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. DA Davidson restated a “neutral” rating and issued a $23.00 price objective on shares of Alerus Financial in a report on Thursday, January 30th. Finally, Raymond James reaffirmed an “outperform” rating and set a $24.00 target price (up previously from $22.00) on shares of Alerus Financial in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Alerus Financial presently has a consensus rating of “Hold” and an average price target of $23.40.

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.