Q1 Earnings Estimate for ALRS Issued By DA Davidson

Alerus Financial Co. (NASDAQ:ALRS) – Research analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of Alerus Financial in a report released on Thursday, January 30th. DA Davidson analyst J. Rulis expects that the company will post earnings per share of $0.44 for the quarter. DA Davidson currently has a “Neutral” rating and a $23.00 price target on the stock. The consensus estimate for Alerus Financial’s current full-year earnings is $1.96 per share.

Several other equities research analysts also recently weighed in on ALRS. Piper Sandler increased their price objective on Alerus Financial from $21.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday. Keefe, Bruyette & Woods raised their price objective on shares of Alerus Financial from $22.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $24.00 target price (up from $22.00) on shares of Alerus Financial in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Alerus Financial presently has a consensus rating of “Hold” and an average price target of $23.40.

Alerus Financial Trading Down 1.1 %

NASDAQ:ALRS opened at $21.14 on Friday. The company has a market capitalization of $535.69 million, a PE ratio of 20.73 and a beta of 0.71. Alerus Financial has a 52-week low of $17.99 and a 52-week high of $24.69. The stock’s 50 day moving average price is $20.42 and its 200 day moving average price is $21.48. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.15.

Alerus Financial (NASDAQ:ALRS) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.16. Alerus Financial had a return on equity of 7.66% and a net margin of 6.26%.

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 dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.80 dividend on an annualized basis and a yield of 3.78%. Alerus Financial’s payout ratio is currently 78.43%.

Institutional Trading of Alerus Financial

Several hedge funds have recently made changes to their positions in ALRS. SG Americas Securities LLC purchased a new position in Alerus Financial during the third quarter worth about $142,000. New York State Common Retirement Fund increased its position in Alerus Financial by 41.7% during the 4th quarter. New York State Common Retirement Fund now owns 6,451 shares of the company’s stock worth $124,000 after purchasing an additional 1,900 shares during the period. Harbor Advisors LLC purchased a new position in shares of Alerus Financial during the 3rd quarter worth approximately $226,000. Inspire Investing LLC acquired a new stake in shares of Alerus Financial in the 3rd quarter valued at approximately $417,000. Finally, Walleye Capital LLC acquired a new stake in shares of Alerus Financial in the 3rd quarter valued at approximately $424,000. Institutional investors and hedge funds own 51.25% of the company’s stock.

About Alerus Financial

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.