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S&P 500   3,855.36
DOW   30,960.00
QQQ   328.11
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S&P 500   3,855.36
DOW   30,960.00
QQQ   328.11
pixel
S&P 500   3,855.36
DOW   30,960.00
QQQ   328.11
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NASDAQ:ALRS

Alerus Financial Stock Forecast, Price & News

$27.91
-0.57 (-2.00 %)
(As of 01/25/2021 12:00 AM ET)
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Today's Range
$27.32
Now: $27.91
$28.50
50-Day Range
$26.54
MA: $28.38
$30.53
52-Week Range
$15.05
Now: $27.91
$30.80
Volume19,778 shs
Average Volume25,759 shs
Market Capitalization$477.88 million
P/E Ratio11.78
Dividend Yield2.11%
Beta0.81
Alerus Financial Corporation, through its subsidiary Alerus Financial, National Association, provides various financial services to businesses and consumers in the United States. The company operates through four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. It offers various deposit products and services, including demand deposits, checking, interest-bearing transaction accounts, money market accounts, time and savings deposits, and certificates of deposit; and treasury management products, including electronic receivables management, remote deposit capture, cash vault services, merchant services, and other cash management services. The company also provides commercial lending products, such as commercial loans, business term loans, lines of credit, and commercial real estate loans, as well as construction and land development loans; consumer lending products, including residential first mortgage loans; and installment loans and lines of credit. In addition, it offers retirement plan administration and investment advisory services, employee stock ownership plan, fiduciary services, payroll, health savings accounts, and other benefit services; and wealth management services, such as financial planning, investment management, personal and corporate trust services, estate administration, and custody services. Further, the company provides debit and credit cards, online banking, mobile banking/wallet, private banking, payroll accounts, flex spending accounts, administration, and government health insurance program services. The company was formerly known as First National Bank North Dakota and changed its name to Alerus Financial Corporation in 2000. Alerus Financial Corporation was founded in 1879 and is headquartered in Grand Forks, North Dakota.

MarketRank

Overall MarketRank

1.26 out of 5 stars

Finance Sector

854th out of 1,930 stocks

National Commercial Banks Industry

88th out of 164 stocks

Analyst Opinion: 1.0Community Rank: 0.7Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:ALRS
CUSIPN/A
CIKN/A
Phone701-795-3200
Employees789
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$207.49 million
Cash Flow$2.20 per share
Book Value$16.76 per share

Profitability

Net Income$29.54 million

Miscellaneous

Market Cap$477.88 million
Next Earnings Date1/27/2021 (Confirmed)
OptionableNot Optionable
$27.91
-0.57 (-2.00 %)
(As of 01/25/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Alerus Financial (NASDAQ:ALRS) Frequently Asked Questions

How has Alerus Financial's stock price been impacted by COVID-19?

Alerus Financial's stock was trading at $17.21 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ALRS shares have increased by 62.2% and is now trading at $27.91.
View which stocks have been most impacted by COVID-19
.

Is Alerus Financial a buy right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alerus Financial in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Alerus Financial stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALRS, but not buy additional shares or sell existing shares.
View analyst ratings for Alerus Financial
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Alerus Financial?

Wall Street analysts have given Alerus Financial a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Alerus Financial wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Randy Newman's approval rating as Alerus Financial's CEO?

17 employees have rated Alerus Financial CEO Randy Newman on Glassdoor.com. Randy Newman has an approval rating of 100% among Alerus Financial's employees. This puts Randy Newman in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

When is Alerus Financial's next earnings date?

Alerus Financial is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
View our earnings forecast for Alerus Financial
.

How can I listen to Alerus Financial's earnings call?

Alerus Financial will be holding an earnings conference call on Wednesday, January 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Alerus Financial's earnings last quarter?

Alerus Financial Co. (NASDAQ:ALRS) issued its quarterly earnings data on Wednesday, October, 28th. The company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.40 by $0.59. The firm had revenue of $67.02 million for the quarter, compared to analysts' expectations of $50.74 million. Alerus Financial had a trailing twelve-month return on equity of 13.97% and a net margin of 17.50%.
View Alerus Financial's earnings history
.

How often does Alerus Financial pay dividends? What is the dividend yield for Alerus Financial?

Alerus Financial declared a quarterly dividend on Thursday, November 19th. Investors of record on Friday, December 18th will be given a dividend of $0.15 per share on Friday, January 8th. This represents a $0.60 annualized dividend and a yield of 2.15%. The ex-dividend date is Thursday, December 17th.
View Alerus Financial's dividend history
.

Is Alerus Financial a good dividend stock?

Alerus Financial pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.11%. The dividend payout ratio of Alerus Financial is 31.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Alerus Financial will have a dividend payout ratio of 35.71% next year. This indicates that Alerus Financial will be able to sustain or increase its dividend.
View Alerus Financial's dividend history.

What price target have analysts set for ALRS?

3 equities research analysts have issued 1 year price objectives for Alerus Financial's shares. Their forecasts range from $21.00 to $21.00. On average, they expect Alerus Financial's stock price to reach $21.00 in the next year. This suggests that the stock has a possible downside of 24.8%.
View analysts' price targets for Alerus Financial
or view Wall Street analyst' top-rated stocks.

Who are some of Alerus Financial's key competitors?

Who are Alerus Financial's key executives?

Alerus Financial's management team includes the following people:
  • Mr. Randy Louis Newman CFP, Chairman, Pres & CEO (Age 67, Pay $1.15M)
  • Ms. Ann Melvey McConn C.F.A., J.D., M.B.A., CFP, Exec. VP & Chief Shared Services Officer (Age 61, Pay $515.23k)
  • Ms. Katie A. Lorenson, Exec. VP & CFO (Age 40)
  • Ms. Maria Biessener Duncan, Sr. VP & Director of Operations
  • Mr. Sunil N. Swami, Chief Investment Officer (Age 64)
  • Mr. Jerrod Keith Hanson CPA, Accounting Officer and Controller
  • Mr. Jonathan N. Hendry, Sr. VP & Chief Information Officer
  • Ms. Bonnie Upham CPA, Chief Compliance Officer
  • Mr. Scott Fenske, Gen. Counsel & Corp. Sec.
  • Ms. Kara Schumacher, Marketing and Customer Management Director

When did Alerus Financial IPO?

(ALRS) raised $76 million in an initial public offering on Friday, September 13th 2019. The company issued 3,300,000 shares at $22.00-$24.00 per share. RAYMOND JAMES and D.A. Davidson & Co. served as the underwriters for the IPO and Piper Jaffray was co-manager.

What is Alerus Financial's stock symbol?

Alerus Financial trades on the NASDAQ under the ticker symbol "ALRS."

Who are Alerus Financial's major shareholders?

Alerus Financial's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Bremer Bank National Association (0.05%) and Nisa Investment Advisors LLC (0.01%). Company insiders that own Alerus Financial stock include Katie A Lorenson, Kris Compton, Lloyd G Case and Randy L Newman.
View institutional ownership trends for Alerus Financial
.

Which major investors are buying Alerus Financial stock?

ALRS stock was purchased by a variety of institutional investors in the last quarter, including Bremer Bank National Association, and Nisa Investment Advisors LLC. Company insiders that have bought Alerus Financial stock in the last two years include Katie A Lorenson, Kris Compton, Lloyd G Case, and Randy L Newman.
View insider buying and selling activity for Alerus Financial
or or view top insider-buying stocks.

How do I buy shares of Alerus Financial?

Shares of ALRS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Alerus Financial's stock price today?

One share of ALRS stock can currently be purchased for approximately $27.91.

How big of a company is Alerus Financial?

Alerus Financial has a market capitalization of $477.88 million and generates $207.49 million in revenue each year. The company earns $29.54 million in net income (profit) each year or $1.91 on an earnings per share basis. Alerus Financial employs 789 workers across the globe.

What is Alerus Financial's official website?

The official website for Alerus Financial is www.alerus.com.

How can I contact Alerus Financial?

Alerus Financial's mailing address is 401 DEMERS AVE, GRAND FORKS ND, 58201. The company can be reached via phone at 701-795-3200.

This page was last updated on 1/26/2021 by MarketBeat.com Staff

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