DA Davidson Expects Lower Earnings for Alerus Financial

Alerus Financial (NASDAQ:ALRS - Free Report) - DA Davidson cut their Q2 2025 earnings per share (EPS) estimates for shares of Alerus Financial in a research note issued to investors on Friday, June 27th. DA Davidson analyst J. Rulis now forecasts that the company will post earnings per share of $0.56 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.

A number of other analysts have also recently commented on the stock. Piper Sandler increased their price target on shares of Alerus Financial from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Keefe, Bruyette & Woods raised 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, April 30th.

Alerus Financial Price Performance

Alerus Financial stock traded up $0.41 during trading hours on Monday, hitting $22.84. 62,642 shares of the stock were exchanged, compared to its average volume of 74,536. The stock has a market capitalization of $579.36 million, a P/E ratio of 18.72 and a beta of 0.70. Alerus Financial has a 12 month low of $15.78 and a 12 month high of $24.41. The business's 50-day moving average is $21.12 and its two-hundred day moving average is $19.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.87 and a current ratio of 0.87.

Alerus Financial (NASDAQ:ALRS - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.13. Alerus Financial had a return on equity of 8.32% and a net margin of 7.81%. The company had revenue of $68.79 million for the quarter, compared to the consensus estimate of $66.20 million.

Alerus Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.68%. This is a boost from Alerus Financial's previous quarterly dividend of $0.20. The ex-dividend date is Friday, June 27th. Alerus Financial's payout ratio is 68.85%.

Hedge Funds Weigh In On Alerus Financial

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Alerus Financial by 120.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 666,559 shares of the company's stock worth $12,824,000 after buying an additional 363,617 shares during the period. Wellington Management Group LLP bought a new stake in shares of Alerus Financial during the first quarter worth approximately $6,040,000. Rhino Investment Partners Inc acquired a new position in shares of Alerus Financial in the fourth quarter valued at approximately $5,849,000. FJ Capital Management LLC bought a new position in shares of Alerus Financial during the fourth quarter worth approximately $5,557,000. Finally, Alliancebernstein L.P. increased its stake in shares of Alerus Financial by 2,346.3% during the fourth quarter. Alliancebernstein L.P. now owns 287,931 shares of the company's stock worth $5,540,000 after purchasing an additional 276,161 shares during the period. 51.25% of the stock is owned by institutional investors.

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.