DA Davidson Raises Earnings Estimates for Alerus Financial

Alerus Financial Co. (NASDAQ:ALRS - Free Report) - DA Davidson lifted their FY2025 EPS estimates for Alerus Financial in a research note issued to investors on Wednesday, April 30th. DA Davidson analyst J. Rulis now forecasts that the company will post earnings per share of $2.25 for the year, up from their prior forecast of $2.05. DA Davidson currently has a "Neutral" rating and a $23.00 price objective on the stock. The consensus estimate for Alerus Financial's current full-year earnings is $2.14 per share.

Alerus Financial (NASDAQ:ALRS - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.43 by $0.13. The business had revenue of $68.79 million during the quarter, compared to analyst estimates of $66.20 million. Alerus Financial had a return on equity of 7.66% and a net margin of 6.26%.

Other analysts have also recently issued reports about the stock. Piper Sandler boosted their price objective 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 price objective on Alerus Financial from $21.00 to $22.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. Finally, Raymond James reiterated an "outperform" rating and set a $24.00 target price (up previously from $22.00) on shares of Alerus Financial in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $23.00.

Alerus Financial Trading Down 0.3 %

NASDAQ ALRS traded down $0.06 during trading on Friday, hitting $21.01. The stock had a trading volume of 46,023 shares, compared to its average volume of 74,375. Alerus Financial has a twelve month low of $15.78 and a twelve month high of $24.41. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average price of $18.24 and a 200 day moving average price of $20.10. The company has a market capitalization of $535.99 million, a PE ratio of 20.60 and a beta of 0.70.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of Alerus Financial by 207.4% during the third quarter. JPMorgan Chase & Co. now owns 24,214 shares of the company's stock worth $554,000 after buying an additional 16,336 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Alerus Financial by 2,346.3% during the 4th quarter. Alliancebernstein L.P. now owns 287,931 shares of the company's stock worth $5,540,000 after buying an additional 276,161 shares during the last quarter. Barclays PLC raised its position in shares of Alerus Financial by 58.8% during the 3rd quarter. Barclays PLC now owns 44,399 shares of the company's stock valued at $1,017,000 after acquiring an additional 16,436 shares in the last quarter. Choreo LLC bought a new position in Alerus Financial during the fourth quarter worth $2,620,000. Finally, Empowered Funds LLC increased its stake in Alerus Financial by 70.8% during the fourth quarter. Empowered Funds LLC now owns 80,184 shares of the company's stock valued at $1,543,000 after purchasing an additional 33,247 shares during the last quarter. Institutional investors and hedge funds own 51.25% of the company's stock.

Alerus Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 14th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.81%. Alerus Financial's dividend payout ratio is presently 65.57%.

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.