FY2026 EPS Estimate for Alerus Financial Lifted by Analyst

Key Points

• DA Davidson analysts raised their FY2026 EPS estimate for Alerus Financial to $2.36, increasing from $2.35, while maintaining a "Neutral" rating with a target price of $25.00.
• Alerus Financial recently declared a quarterly dividend of $0.21 per share, representing an annualized yield of 3.7%.
• Institutional investors own 51.25% of Alerus Financial's stock, with significant recent increases in holdings from firms like Vanguard Group Inc. and AQR Capital Management LLC.

Alerus Financial (NASDAQ:ALRS - Free Report) - Equities research analysts at DA Davidson boosted their FY2026 earnings per share (EPS) estimates for Alerus Financial in a research report issued to clients and investors on Friday, September 26th. DA Davidson analyst J. Rulis now forecasts that the company will post earnings per share of $2.36 for the year, up from their previous forecast of $2.35. DA Davidson currently has a "Neutral" rating and a $25.00 target price on the stock. The consensus estimate for Alerus Financial's current full-year earnings is $2.14 per share.

A number of other equities analysts also recently commented on the company. Raymond James Financial reiterated an "outperform" rating and issued a $27.00 price target (up from $24.00) on shares of Alerus Financial in a research note on Tuesday, July 29th. Wall Street Zen cut shares of Alerus Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Keefe, Bruyette & Woods lifted their target price on Alerus Financial from $22.00 to $25.00 and gave the company a "market perform" rating in a research note on Tuesday, July 29th. Finally, Piper Sandler lifted their target price on Alerus Financial from $24.00 to $25.50 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Alerus Financial presently has an average rating of "Hold" and an average price target of $25.63.

Alerus Financial Stock Down 0.6%

NASDAQ:ALRS opened at $22.62 on Monday. The company has a market capitalization of $574.55 million, a price-to-earnings ratio of 13.38 and a beta of 0.71. Alerus Financial has a one year low of $15.78 and a one year high of $24.41. The stock has a 50-day simple moving average of $22.11 and a 200 day simple moving average of $20.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.87 and a current ratio of 0.88.

Alerus Financial (NASDAQ:ALRS - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.16. The business had revenue of $74.80 million during the quarter, compared to the consensus estimate of $69.96 million. Alerus Financial had a return on equity of 10.21% and a net margin of 11.06%.

Alerus Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, September 26th. Alerus Financial's payout ratio is 49.70%.

Institutional Investors Weigh In On Alerus Financial

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Alerus Financial by 13.2% during the first quarter. Vanguard Group Inc. now owns 1,194,264 shares of the company's stock valued at $22,046,000 after buying an additional 139,435 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Alerus Financial by 4.3% during the second quarter. Geode Capital Management LLC now owns 561,336 shares of the company's stock valued at $12,150,000 after buying an additional 23,112 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Alerus Financial during the first quarter valued at approximately $6,040,000. Choreo LLC raised its holdings in Alerus Financial by 3.1% during the second quarter. Choreo LLC now owns 294,542 shares of the company's stock worth $6,391,000 after purchasing an additional 8,727 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Alerus Financial by 265.7% during the second quarter. AQR Capital Management LLC now owns 236,720 shares of the company's stock worth $5,123,000 after purchasing an additional 171,984 shares in the last quarter. Institutional investors own 51.25% of the company's stock.

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.

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