Alerus Financial (ALRS) Projected to Post Earnings on Wednesday

Alerus Financial (NASDAQ:ALRS) will likely be issuing its quarterly earnings data before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.28 per share and revenue of $63,090.00 billion for the quarter.

Alerus Financial (NASDAQ:ALRS) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.18). Alerus Financial had a net margin of 1.01% and a return on equity of 6.02%. The company had revenue of $80.58 million during the quarter, compared to analysts’ expectations of $52.30 million. During the same quarter in the previous year, the business posted $0.45 EPS. On average, analysts expect Alerus Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Alerus Financial Stock Up 1.2 %

ALRS stock opened at $19.62 on Tuesday. Alerus Financial has a fifty-two week low of $17.99 and a fifty-two week high of $25.85. The company’s 50 day moving average price is $20.73 and its 200 day moving average price is $21.46. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $497.17 million, a price-to-earnings ratio of 122.63 and a beta of 0.71.

Alerus Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 27th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend was Friday, December 27th. Alerus Financial’s dividend payout ratio is presently 500.03%.

Analyst Ratings Changes

A number of brokerages recently commented on ALRS. Piper Sandler lowered their target price on shares of Alerus Financial from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Raymond James started coverage on Alerus Financial in a research report on Tuesday, January 14th. They set an “outperform” rating and a $22.00 price objective for the company. Finally, Keefe, Bruyette & Woods raised their target price on Alerus Financial from $22.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. 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 has a consensus rating of “Hold” and a consensus target price of $22.80.

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.