Alerus Financial (ALRS) Scheduled to Post Earnings on Tuesday

Alerus Financial (NASDAQ:ALRS) will issue its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Alerus Financial (NASDAQ:ALRS) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.06). The company had revenue of $80.39 million for the quarter, compared to analyst estimates of $49.20 million. Alerus Financial had a return on equity of 7.25% and a net margin of 2.39%. During the same period in the prior year, the business posted $0.45 earnings per share. 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 Price Performance

Shares of ALRS opened at $23.22 on Friday. The business’s 50-day moving average is $22.37 and its two-hundred day moving average is $20.85. The company has a market capitalization of $459.22 million, a P/E ratio of 47.39 and a beta of 0.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.86. Alerus Financial has a fifty-two week low of $17.07 and a fifty-two week high of $25.85.

Alerus Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 13th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.45%. The ex-dividend date was Friday, September 13th. Alerus Financial’s dividend payout ratio is currently 163.27%.

Analyst Ratings Changes

ALRS has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their price target on Alerus Financial from $22.00 to $23.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. DA Davidson raised their target price on Alerus Financial from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Raymond James upgraded Alerus Financial from a “market perform” rating to an “outperform” rating and set a $24.00 target price on the stock in a research report on Tuesday, September 17th. Finally, Piper Sandler raised their target price on Alerus Financial from $22.50 to $24.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.