DA Davidson Increases Alerus Financial (NASDAQ:ALRS) Price Target to $26.00

Alerus Financial (NASDAQ:ALRS) had its target price increased by equities research analysts at DA Davidson from $25.00 to $26.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s target price would indicate a potential upside of 5.61% from the stock’s current price.

A number of other research firms also recently weighed in on ALRS. Raymond James Financial raised shares of Alerus Financial from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $25.00 to $27.00 in a research report on Monday, January 5th. Zacks Research raised Alerus Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Weiss Ratings raised Alerus Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Piper Sandler cut their price target on Alerus Financial from $25.50 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, November 4th. Finally, Hovde Group cut Alerus Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 7th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.00.

Alerus Financial Price Performance

Alerus Financial stock opened at $24.62 on Friday. The stock has a market capitalization of $625.35 million, a price-to-earnings ratio of 37.30 and a beta of 0.66. Alerus Financial has a 52-week low of $15.78 and a 52-week high of $25.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.89 and a current ratio of 0.89. The stock’s 50 day moving average price is $22.99 and its two-hundred day moving average price is $22.23.

Alerus Financial (NASDAQ:ALRS) last issued its earnings results on Wednesday, January 28th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.28. Alerus Financial had a return on equity of 13.38% and a net margin of 4.36%.The company had revenue of $77.07 million for the quarter, compared to analyst estimates of $71.43 million. On average, equities analysts predict that Alerus Financial will post 2.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Thompson Investment Management Inc. bought a new stake in Alerus Financial in the 2nd quarter worth $32,000. NewEdge Advisors LLC boosted its holdings in shares of Alerus Financial by 90.1% during the second quarter. NewEdge Advisors LLC now owns 1,544 shares of the company’s stock worth $33,000 after purchasing an additional 732 shares during the period. CIBC Private Wealth Group LLC purchased a new stake in shares of Alerus Financial during the third quarter worth about $52,000. AlphaQuest LLC bought a new stake in shares of Alerus Financial in the third quarter worth about $59,000. Finally, Tower Research Capital LLC TRC increased its holdings in Alerus Financial by 172.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,371 shares of the company’s stock valued at $73,000 after purchasing an additional 2,135 shares during the period. 51.25% of the stock is owned by institutional investors.

More Alerus Financial News

Here are the key news stories impacting Alerus Financial this week:

• Positive Sentiment: Zacks upgraded Alerus from “hold” to a “strong-buy,” signaling stronger buy-side interest and likely contributing to demand for the shares. Zacks Upgrade Coverage
• Positive Sentiment: Q4 results beat expectations — EPS $0.85 vs. $0.57 consensus and revenue above estimates — reinforcing the view of improving fundamentals and helping justify higher valuations. Earnings Beat
• Positive Sentiment: DA Davidson raised its price target from $25 to $26 (maintaining a “neutral” rating) — the higher target implies modest upside and supports near-term price appreciation. DA Davidson Note
• Positive Sentiment: Zacks added ALRS to its Rank #1 (Strong Buy) value stocks list, which can attract value-oriented investors and increase buying interest. Zacks Rank #1
• Neutral Sentiment: Keefe, Bruyette & Woods raised its target from $24 to $25 and kept a “market perform” rating — a small lift but not a definitive buy signal. KBW Note Coverage
• Neutral Sentiment: Company earnings call materials and transcript discuss strategic deleveraging and other execution items — useful for longer-term thesis but broader impact depends on follow-through. Call Highlights Transcript Presentation

About Alerus Financial

Alerus Financial Corporation (NASDAQ: ALRS) is a diversified financial services company headquartered in Grand Forks, North Dakota. The firm provides a full range of commercial and consumer banking products, including deposit accounts, lending solutions and treasury management services for individuals, small businesses and larger corporate clients. Through its community banking network, Alerus emphasizes local decision-making and personalized service to meet the needs of its varied client base.

In addition to traditional banking offerings, Alerus operates a national mortgage origination and servicing platform that delivers home purchase and refinance loans.