Alerus Financial (NASDAQ:ALRS - Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.43 by $0.13, Zacks reports. Alerus Financial had a return on equity of 7.66% and a net margin of 6.26%. The firm had revenue of $68.79 million during the quarter, compared to analysts' expectations of $66.20 million.
Alerus Financial Price Performance
Alerus Financial stock traded up $0.37 during trading hours on Thursday, reaching $20.25. 56,824 shares of the stock were exchanged, compared to its average volume of 73,630. The stock has a 50 day moving average of $18.23 and a two-hundred day moving average of $20.21. The company has a market cap of $516.67 million, a P/E ratio of 19.84 and a beta of 0.67. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.15. Alerus Financial has a twelve month low of $15.78 and a twelve month high of $24.41.
Alerus Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 14th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Friday, March 14th. Alerus Financial's dividend payout ratio (DPR) is currently 78.43%.
Analyst Ratings Changes
A number of research firms have recently issued reports on ALRS. DA Davidson reaffirmed a "neutral" rating and issued a $23.00 price objective on shares of Alerus Financial in a research report on Thursday, January 30th. Piper Sandler upped their target price on Alerus Financial from $21.00 to $24.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Raymond James reissued an "outperform" rating and set a $24.00 price target (up from $22.00) on shares of Alerus Financial in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods upped their price objective on Alerus Financial from $21.00 to $22.00 and gave the company a "market perform" rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Alerus Financial presently has a consensus rating of "Hold" and an average price target of $23.20.
View Our Latest Analysis on Alerus Financial
About Alerus Financial
(
Get Free Report)
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.
Featured Articles
Before you consider Alerus Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alerus Financial wasn't on the list.
While Alerus Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
