Alerus Financial (ALRS) Projected to Announce Earnings on Wednesday

Key Points

• Alerus Financial is expected to report Q3 2026 results after the market closes on October 28, with analysts forecasting $0.66 in EPS and $76.72 million in revenue.
• The company exceeded estimates in the prior quarter, reporting $0.80 EPS and $80.0 million in revenue versus expectations of $0.77 EPS and $76.99 million.
• Shares recently traded at $31.50, while analysts maintain a consensus “Hold” rating with a $35.75 price target; Alerus also pays a quarterly dividend of $0.22 per share, yielding about 2.8% annually.

Alerus Financial (NASDAQ:ALRS - Get Free Report) is projected to post its Q3 2026 results after the market closes on Wednesday, October 28th. Analysts expect the company to post earnings of $0.66 per share and revenue of $76.72 million for the quarter. Interested persons can find conference call details on the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Thursday, October 29, 2026 at 12:00 PM ET.

Alerus Financial (NASDAQ:ALRS - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. Alerus Financial had a net margin of 6.87% and a return on equity of 14.41%. The business had revenue of $80.00 million during the quarter, compared to analyst estimates of $76.99 million. On average, analysts expect Alerus Financial to post $3.04 EPS for the current fiscal year and $2.86 EPS for the next fiscal year.

Alerus Financial Stock Up 1.1%

ALRS stock opened at $31.50 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.10. Alerus Financial has a fifty-two week low of $20.31 and a fifty-two week high of $34.40. The firm's 50-day simple moving average is $32.54 and its 200 day simple moving average is $30.32. The stock has a market cap of $785.29 million, a PE ratio of 29.72 and a beta of 0.69.

Alerus Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, September 25th. Alerus Financial's payout ratio is presently 83.02%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wall Street Zen cut shares of Alerus Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Keefe, Bruyette & Woods raised their price target on shares of Alerus Financial from $29.00 to $32.00 and gave the company a "market perform" rating in a research note on Friday, July 31st. Raymond James Financial reaffirmed an "outperform" rating and set a $37.00 price target on shares of Alerus Financial in a report on Monday, August 3rd. Piper Sandler raised Alerus Financial from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $37.00 to $38.00 in a report on Friday, October 2nd. Finally, DA Davidson set a $36.00 price objective on Alerus Financial in a report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $35.75.

Insider Transactions at Alerus Financial

In related news, Director Jeffrey Bolton bought 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The stock was purchased at an average price of $32.45 per share, for a total transaction of $32,450.00. Following the transaction, the director directly owned 15,163 shares of the company's stock, valued at approximately $492,039.35. This represents a 7.06% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is owned by corporate insiders.

About Alerus Financial

Alerus Financial Corporation is a bank holding company headquartered in Grand Forks, North Dakota. Through its primary subsidiary, Alerus Financial, N.A., the company provides banking, wealth management, retirement plan administration and mortgage services to individuals, families and businesses.

Its banking offerings include checking and savings accounts, consumer and commercial lending, treasury management and other deposit services. Alerus also provides investment advisory, trust and private wealth management services, as well as employee retirement plan recordkeeping, administration and advisory solutions.

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