DA Davidson Boosts Earnings Estimates for Alerus Financial

Alerus Financial Co. (NASDAQ:ALRS - Free Report) - Research analysts at DA Davidson boosted their FY2025 earnings estimates for Alerus Financial in a research report issued on Wednesday, April 30th. DA Davidson analyst J. Rulis now expects that the company will post earnings per share of $2.25 for the year, up from their previous estimate of $2.05. DA Davidson currently has a "Neutral" rating and a $23.00 target price on the stock. The consensus estimate for Alerus Financial's current full-year earnings is $2.14 per share.

Several other research firms have also weighed in on ALRS. Keefe, Bruyette & Woods upped their target price on shares of Alerus Financial from $21.00 to $22.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. Piper Sandler upped their target price on shares of Alerus Financial from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Raymond James reissued an "outperform" rating and issued a $24.00 target price (up previously from $22.00) on shares of Alerus Financial in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $23.00.

Alerus Financial Price Performance

Shares of ALRS traded up $0.33 during mid-day trading on Friday, reaching $20.97. The company had a trading volume of 108,228 shares, compared to its average volume of 74,419. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $534.97 million, a P/E ratio of 20.56 and a beta of 0.70. Alerus Financial has a twelve month low of $15.78 and a twelve month high of $24.41. The company's 50-day moving average is $18.22 and its 200-day moving average is $20.11.

Alerus Financial (NASDAQ:ALRS - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.13. The company had revenue of $68.79 million during the quarter, compared to analysts' expectations of $66.20 million. Alerus Financial had a net margin of 6.26% and a return on equity of 7.66%.

Institutional Trading of Alerus Financial

A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its position in Alerus Financial by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 416,072 shares of the company's stock valued at $9,522,000 after buying an additional 15,966 shares during the last quarter. Barclays PLC grew its holdings in shares of Alerus Financial by 58.8% in 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. JPMorgan Chase & Co. increased its position in shares of Alerus Financial by 207.4% in the third quarter. JPMorgan Chase & Co. now owns 24,214 shares of the company's stock valued at $554,000 after acquiring an additional 16,336 shares during the last quarter. SG Americas Securities LLC raised its holdings in Alerus Financial by 41.6% during the fourth quarter. SG Americas Securities LLC now owns 8,812 shares of the company's stock worth $170,000 after acquiring an additional 2,590 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in Alerus Financial by 14.9% during the fourth quarter. Inspire Investing LLC now owns 20,947 shares of the company's stock worth $403,000 after acquiring an additional 2,717 shares in the last quarter. 51.25% of the stock is currently owned by institutional investors.

Alerus Financial Dividend Announcement

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

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.