Q2 EPS Estimates for Alerus Financial Lowered by DA Davidson

Alerus Financial (NASDAQ:ALRS - Free Report) - Stock analysts at DA Davidson lowered their Q2 2025 EPS estimates for Alerus Financial in a research report issued on Friday, June 27th. DA Davidson analyst J. Rulis now expects that the company will earn $0.56 per share for the quarter, down from their previous estimate of $0.58. The consensus estimate for Alerus Financial's current full-year earnings is $2.14 per share.

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, topping the consensus estimate of $0.43 by $0.13. The firm had revenue of $68.79 million during the quarter, compared to analyst estimates of $66.20 million. Alerus Financial had a net margin of 7.81% and a return on equity of 8.32%.

ALRS has been the subject of a number of other research reports. Piper Sandler raised their price objective on Alerus Financial from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Keefe, Bruyette & Woods raised their price target on Alerus Financial from $21.00 to $22.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th.

Alerus Financial Stock Up 1.2%

Shares of ALRS stock traded up $0.26 during trading hours on Monday, reaching $22.43. 62,893 shares of the company's stock were exchanged, compared to its average volume of 74,584. Alerus Financial has a fifty-two week low of $15.78 and a fifty-two week high of $24.41. The stock's 50 day moving average is $21.12 and its 200-day moving average is $19.92. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.11. The company has a market cap of $569.05 million, a price-to-earnings ratio of 18.39 and a beta of 0.70.

Alerus Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.21 per share. This is an increase from Alerus Financial's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Friday, June 27th. Alerus Financial's payout ratio is presently 68.85%.

Hedge Funds Weigh In On Alerus Financial

Several hedge funds have recently made changes to their positions in the company. Rhumbline Advisers lifted its position in Alerus Financial by 13.7% during the 4th quarter. Rhumbline Advisers now owns 31,143 shares of the company's stock worth $599,000 after acquiring an additional 3,746 shares during the period. New York State Common Retirement Fund raised its stake in shares of Alerus Financial by 41.7% in the fourth quarter. New York State Common Retirement Fund now owns 6,451 shares of the company's stock worth $124,000 after purchasing an additional 1,900 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Alerus Financial during the fourth quarter worth about $381,000. Charles Schwab Investment Management Inc. boosted its position in Alerus Financial by 26.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 188,967 shares of the company's stock valued at $3,636,000 after buying an additional 39,687 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Alerus Financial by 11.2% in the fourth quarter. Vanguard Group Inc. now owns 1,054,829 shares of the company's stock valued at $20,295,000 after buying an additional 106,116 shares during the last quarter. 51.25% of the stock is owned by institutional investors and hedge funds.

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.