Alerus Financial (NASDAQ:ALRS - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01, Yahoo Finance reports. The firm had revenue of $74.36 million for the quarter, compared to analyst estimates of $47.40 million. Alerus Financial had a net margin of 4.34% and a return on equity of 8.69%. During the same quarter in the previous year, the firm posted $0.40 EPS.
Alerus Financial Trading Down 2.2 %
ALRS stock traded down $0.46 during trading on Thursday, hitting $20.54. The company had a trading volume of 79,003 shares, compared to its average volume of 40,984. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $21.35 and a 200-day moving average price of $20.56. Alerus Financial has a 12 month low of $13.11 and a 12 month high of $25.85. The stock has a market cap of $405.46 million, a price-to-earnings ratio of 36.04 and a beta of 0.65.
Alerus Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend was Thursday, March 14th. Alerus Financial's dividend payout ratio (DPR) is presently 133.34%.
Analyst Ratings Changes
A number of research analysts have commented on the stock. TheStreet cut shares of Alerus Financial from a "b-" rating to a "c+" rating in a research note on Wednesday, March 13th. DA Davidson lifted their target price on shares of Alerus Financial from $23.00 to $24.00 and gave the company a "neutral" rating in a research note on Tuesday, January 30th.
Get Our Latest Stock Report on ALRS
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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