Keefe, Bruyette & Woods Increases Alerus Financial (NASDAQ:ALRS) Price Target to $25.00

Alerus Financial (NASDAQ:ALRS) had its target price hoisted by stock analysts at Keefe, Bruyette & Woods from $24.00 to $25.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 1.54% from the company’s current price.

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

Alerus Financial Price Performance

Alerus Financial stock opened at $24.62 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $22.99 and a 200 day moving average price of $22.23. Alerus Financial has a 12-month low of $15.78 and a 12-month high of $25.00. The stock has a market cap of $625.35 million, a P/E ratio of 37.30 and a beta of 0.66.

Alerus Financial (NASDAQ:ALRS) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.28. The business had revenue of $77.07 million during the quarter, compared to analysts’ expectations of $71.43 million. Alerus Financial had a net margin of 4.36% and a return on equity of 13.38%. Sell-side analysts anticipate that Alerus Financial will post 2.14 earnings per share for the current year.

Institutional Investors Weigh In On Alerus Financial

Several large investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC increased its position in shares of Alerus Financial by 110.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 97,749 shares of the company’s stock valued at $2,115,000 after purchasing an additional 51,405 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Alerus Financial during the 2nd quarter worth $201,000. Gamco Investors INC. ET AL acquired a new position in shares of Alerus Financial during the second quarter worth $2,341,000. CSM Advisors LLC purchased a new position in Alerus Financial in the second quarter valued at $4,123,000. Finally, Gabelli Funds LLC acquired a new stake in Alerus Financial in the second quarter valued at $2,982,000. Hedge funds and other institutional investors own 51.25% of the company’s stock.

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

Alerus Financial Company Profile

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.