What is DA Davidson’s Estimate for ALRS FY2026 Earnings?

Alerus Financial Co. (NASDAQ:ALRS) – Equities research analysts at DA Davidson issued their FY2026 earnings estimates for shares of Alerus Financial in a research note issued on Friday, March 28th. DA Davidson analyst J. Rulis expects that the company will earn $2.30 per share for the year. DA Davidson 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 $2.14 per share.

A number of other analysts have also commented on the company. Piper Sandler increased their price objective on Alerus Financial from $21.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Raymond James reaffirmed an “outperform” rating and set a $24.00 price target (up from $22.00) on shares of Alerus Financial in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Alerus Financial from $22.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $23.40.

Alerus Financial Price Performance

Shares of NASDAQ:ALRS opened at $18.46 on Monday. Alerus Financial has a one year low of $17.95 and a one year high of $24.41. The stock has a market cap of $470.93 million, a PE ratio of 18.10 and a beta of 0.74. The business’s fifty day moving average price is $20.07 and its two-hundred day moving average price is $21.02. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.85 and a current ratio of 0.85.

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

Institutional Investors Weigh In On Alerus Financial

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its holdings in shares of Alerus Financial by 457.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the company’s stock valued at $25,000 after purchasing an additional 1,048 shares during the last quarter. Legal & General Group Plc raised its position in shares of Alerus Financial by 32.7% in the 4th quarter. Legal & General Group Plc now owns 2,025 shares of the company’s stock worth $39,000 after buying an additional 499 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Alerus Financial by 31.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,349 shares of the company’s stock valued at $45,000 after acquiring an additional 568 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Alerus Financial during the fourth quarter valued at about $56,000. Finally, New York State Common Retirement Fund increased its stake in Alerus Financial by 41.7% during the fourth quarter. New York State Common Retirement Fund now owns 6,451 shares of the company’s stock worth $124,000 after acquiring an additional 1,900 shares during the last quarter. 51.25% of the stock is currently owned by hedge funds and other institutional investors.

Alerus Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 4.33%. Alerus Financial’s payout ratio is currently 78.43%.

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.