Alerus Financial (NASDAQ:ALRS - Get Free Report) released its quarterly earnings results on Monday. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.43 by $0.13, Zacks reports. The firm had revenue of $68.79 million for the quarter, compared to analyst estimates of $66.20 million. Alerus Financial had a return on equity of 7.66% and a net margin of 6.26%.
Alerus Financial Price Performance
Shares of NASDAQ ALRS traded up $0.54 during midday trading on Friday, reaching $20.64. The company's stock had a trading volume of 106,844 shares, compared to its average volume of 74,283. The business's 50 day moving average price is $18.22 and its two-hundred day moving average price is $20.14. The company has a market cap of $526.55 million, a P/E ratio of 20.24 and a beta of 0.67. 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 has a fifty-two week low of $15.78 and a fifty-two week high of $24.41.
Alerus Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 14th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 3.88%. Alerus Financial's dividend payout ratio (DPR) is currently 78.43%.
Wall Street Analyst Weigh In
ALRS has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of Alerus Financial from $21.00 to $22.00 and gave the company a "market perform" rating in a research note on Wednesday. Raymond James reaffirmed an "outperform" rating and set a $24.00 price objective (up from $22.00) on shares of Alerus Financial in a research report on Thursday, January 30th. DA Davidson reiterated a "neutral" rating and issued a $23.00 price objective on shares of Alerus Financial in a report on Thursday, January 30th. Finally, Piper Sandler lifted their price objective on Alerus Financial from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $23.00.
Check Out Our Latest Stock Report on Alerus Financial
About Alerus Financial
(
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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.
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