FY2025 EPS Estimate for Alerus Financial Raised by Analyst

Key Points

• DA Davidson has raised its FY2025 earnings per share estimate for Alerus Financial from $2.22 to $2.40, maintaining a "Neutral" rating with a target price of $25.00.
• Alerus Financial reported earnings of $0.72 per share for the last quarter, surpassing expectations of $0.56 and achieving a revenue of $74.80 million.
• The company recently increased its quarterly dividend to $0.21, giving an annualized yield of 3.87%, up from the previous dividend of $0.20.

Alerus Financial (NASDAQ:ALRS - Free Report) - DA Davidson lifted their FY2025 EPS estimates for Alerus Financial in a research note issued to investors on Tuesday, July 29th. DA Davidson analyst J. Rulis now forecasts that the company will post earnings per share of $2.40 for the year, up from their prior forecast of $2.22. DA Davidson currently has a "Neutral" rating and a $25.00 price objective on the stock. The consensus estimate for Alerus Financial's current full-year earnings is $2.14 per share. DA Davidson also issued estimates for Alerus Financial's FY2026 earnings at $2.35 EPS.

Alerus Financial (NASDAQ:ALRS - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.16. Alerus Financial had a net margin of 11.06% and a return on equity of 10.58%. The firm had revenue of $74.80 million during the quarter, compared to the consensus estimate of $69.96 million.

Other equities analysts have also recently issued reports about the company. Raymond James Financial restated an "outperform" rating and set a $27.00 target price (up from $24.00) on shares of Alerus Financial in a report on Tuesday. Keefe, Bruyette & Woods raised their price objective on shares of Alerus Financial from $22.00 to $25.00 and gave the company a "market perform" rating in a research note on Tuesday. Finally, Piper Sandler lifted their price objective on shares of Alerus Financial from $24.00 to $25.50 and gave the company a "neutral" rating in a report on Wednesday.

Alerus Financial Trading Down 3.3%

Shares of ALRS traded down $0.70 during midday trading on Thursday, hitting $20.44. 99,109 shares of the stock were exchanged, compared to its average volume of 65,281. The stock has a fifty day simple moving average of $21.73 and a 200 day simple moving average of $20.32. Alerus Financial has a 52-week low of $15.78 and a 52-week high of $24.41. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $518.56 million, a P/E ratio of 10.32 and a beta of 0.71.

Alerus Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were issued a dividend of $0.21 per share. This is a positive change from Alerus Financial's previous quarterly dividend of $0.20. The ex-dividend date was Friday, June 27th. This represents a $0.84 annualized dividend and a yield of 4.1%. Alerus Financial's dividend payout ratio (DPR) is currently 49.70%.

Institutional Investors Weigh In On Alerus Financial

Hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in Alerus Financial by 120.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 666,559 shares of the company's stock worth $12,824,000 after purchasing an additional 363,617 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Alerus Financial during the 1st quarter worth approximately $6,040,000. Rhino Investment Partners Inc acquired a new position in shares of Alerus Financial in the 4th quarter valued at $5,849,000. FJ Capital Management LLC acquired a new position in shares of Alerus Financial in the 4th quarter valued at $5,557,000. Finally, Alliancebernstein L.P. grew its position in shares of Alerus Financial by 2,346.3% in the 4th quarter. Alliancebernstein L.P. now owns 287,931 shares of the company's stock valued at $5,540,000 after buying an additional 276,161 shares during the last quarter. Institutional investors and hedge funds own 51.25% of the company's stock.

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.