Research Analysts Issue Forecasts for ALRS FY2025 Earnings

Alerus Financial Co. (NASDAQ:ALRS) – Equities researchers at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for shares of Alerus Financial in a report released on Thursday, December 19th. DA Davidson analyst J. Rulis now expects that the company will earn $1.87 per share for the year, down from their prior estimate of $1.90. The consensus estimate for Alerus Financial’s current full-year earnings is $0.97 per share.

Other research analysts also recently issued reports about the company. Raymond James upgraded Alerus Financial from a “market perform” rating to an “outperform” rating and set a $24.00 price target for the company in a research note on Tuesday, September 17th. Keefe, Bruyette & Woods boosted their target price on shares of Alerus Financial from $22.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Piper Sandler dropped their price objective on Alerus Financial from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $23.20.

Alerus Financial Price Performance

Shares of ALRS opened at $19.99 on Friday. The company has a 50 day moving average of $22.24 and a 200-day moving average of $21.35. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $506.51 million, a P/E ratio of 124.95 and a beta of 0.69. Alerus Financial has a twelve month low of $18.09 and a twelve month high of $25.85.

Alerus Financial (NASDAQ:ALRS) last released its earnings results on Tuesday, October 29th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.18). The firm had revenue of $80.58 million for the quarter, compared to the consensus estimate of $52.30 million. Alerus Financial had a return on equity of 6.02% and a net margin of 1.01%. During the same quarter last year, the company posted $0.45 EPS.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Barclays PLC lifted its holdings in Alerus Financial by 58.8% in the third quarter. Barclays PLC now owns 44,399 shares of the company’s stock valued at $1,017,000 after buying an additional 16,436 shares during the period. Geode Capital Management LLC grew its position in Alerus Financial by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 416,072 shares of the company’s stock valued at $9,522,000 after purchasing an additional 15,966 shares during the period. Zacks Investment Management raised its holdings in Alerus Financial by 7.2% during the third quarter. Zacks Investment Management now owns 102,713 shares of the company’s stock worth $2,350,000 after buying an additional 6,903 shares during the last quarter. State Street Corp lifted its stake in shares of Alerus Financial by 1.0% in the third quarter. State Street Corp now owns 351,775 shares of the company’s stock valued at $8,118,000 after buying an additional 3,623 shares in the last quarter. Finally, Harbor Advisors LLC acquired a new position in shares of Alerus Financial during the third quarter valued at about $226,000. 51.25% of the stock is owned by institutional investors.

Alerus Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 27th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.80 annualized dividend and a yield of 4.00%. Alerus Financial’s dividend payout ratio is presently 500.00%.

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.