17,525 Shares in Alerus Financial Co. (NASDAQ:ALRS) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new position in shares of Alerus Financial Co. (NASDAQ:ALRS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,525 shares of the company's stock, valued at approximately $337,000. XTX Topco Ltd owned approximately 0.07% of Alerus Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc raised its holdings in Alerus Financial by 32.7% during the 4th quarter. Legal & General Group Plc now owns 2,025 shares of the company's stock worth $39,000 after purchasing an additional 499 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake 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. New York State Common Retirement Fund grew its holdings 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 acquiring an additional 1,900 shares during the period. SG Americas Securities LLC lifted its stake in shares of Alerus Financial by 41.6% in the 4th quarter. SG Americas Securities LLC now owns 8,812 shares of the company's stock valued at $170,000 after purchasing an additional 2,590 shares during the period. Finally, ExodusPoint Capital Management LP bought a new position in shares of Alerus Financial in the 4th quarter worth $204,000. 51.25% of the stock is currently owned by institutional investors.

Alerus Financial Stock Up 10.1 %

ALRS stock traded up $1.80 during mid-day trading on Tuesday, hitting $19.56. 23,088 shares of the company were exchanged, compared to its average volume of 73,065. 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 Co. has a 1-year low of $15.78 and a 1-year high of $24.41. The firm's 50 day simple moving average is $18.26 and its 200 day simple moving average is $20.22. The firm has a market cap of $498.87 million, a P/E ratio of 19.17 and a beta of 0.67.

Alerus Financial (NASDAQ:ALRS - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.43 by $0.13. Alerus Financial had a net margin of 6.26% and a return on equity of 7.66%. The business had revenue of $68.79 million for the quarter, compared to analysts' expectations of $66.20 million. On average, sell-side analysts predict that Alerus Financial Co. will post 2.14 EPS for the current fiscal year.

Alerus Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 14th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Friday, March 14th. Alerus Financial's dividend payout ratio (DPR) is currently 78.43%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ALRS shares. Raymond James restated an "outperform" rating and set a $24.00 target price (up previously from $22.00) on shares of Alerus Financial in a report on Thursday, January 30th. Piper Sandler lifted their price objective on shares of Alerus Financial from $21.00 to $24.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Finally, DA Davidson reiterated a "neutral" rating and issued a $23.00 target price on shares of Alerus Financial in a report on Thursday, January 30th. Three investment 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 price target 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.