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S&P 500   4,585.59
DOW   36,117.38
QQQ   390.43
Forward dividend yield: What it is and how to use it 
Recent Reports Are A Wake-Up Call For Investors (Ad)
What are consumer staples stocks?
Healthcare sector: Overview and keys to investing
Recent Reports Are A Wake-Up Call For Investors (Ad)
Is Amazon a blue chip stock?
How to find penny stocks to invest and trade 
An Unusual Way to Invest in Gold (Ad)
How to invest in GTE technology: A guide 
Consumer staples vs. consumer discretionary
S&P 500   4,585.59
DOW   36,117.38
QQQ   390.43
Forward dividend yield: What it is and how to use it 
Recent Reports Are A Wake-Up Call For Investors (Ad)
What are consumer staples stocks?
Healthcare sector: Overview and keys to investing
Recent Reports Are A Wake-Up Call For Investors (Ad)
Is Amazon a blue chip stock?
How to find penny stocks to invest and trade 
An Unusual Way to Invest in Gold (Ad)
How to invest in GTE technology: A guide 
Consumer staples vs. consumer discretionary
S&P 500   4,585.59
DOW   36,117.38
QQQ   390.43
Forward dividend yield: What it is and how to use it 
Recent Reports Are A Wake-Up Call For Investors (Ad)
What are consumer staples stocks?
Healthcare sector: Overview and keys to investing
Recent Reports Are A Wake-Up Call For Investors (Ad)
Is Amazon a blue chip stock?
How to find penny stocks to invest and trade 
An Unusual Way to Invest in Gold (Ad)
How to invest in GTE technology: A guide 
Consumer staples vs. consumer discretionary

Alerus Financial Stock Price, News & Analysis (NASDAQ:ALRS)

$19.13
+0.32 (+1.70%)
(As of 12/7/2023 ET)
Compare
Today's Range
$18.60
$19.14
50-Day Range
$17.23
$19.25
52-Week Range
$13.11
$24.16
Volume
26,629 shs
Average Volume
38,334 shs
Market Capitalization
$378.31 million
P/E Ratio
10.45
Dividend Yield
3.97%
Price Target
$19.75

Alerus Financial MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.2% Upside
$19.75 Price Target
Short Interest
Bearish
1.25% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.36
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-17.95%
From $1.56 to $1.28 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.62 out of 5 stars

Finance Sector

604th out of 694 stocks

National Commercial Banks Industry

63rd out of 68 stocks


ALRS stock logo

About Alerus Financial Stock (NASDAQ:ALRS)

Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial services to businesses and consumers. The company operates in four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. It offers various deposit products, including demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, checking accounts, 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 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; installment loans and lines of credit; and second mortgage loans. 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, as well as individual retirement accounts; and financial planning, investment management, personal and corporate trust, estate administration, and custody services. Further, the company provides debit and credit cards, online banking, mobile banking/wallet, payment, private banking, payroll accounts, flex spending accounts, administration, and government health insurance program services. It offers banking services in North Dakota, Minnesota, and Arizona; and retirement and benefit plans in 50 states through offices located in Michigan, Minnesota, and Colorado. 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.

ALRS Stock Price History

ALRS Stock News Headlines

New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Q3 2023 Alerus Financial Corp Earnings Call
Alerus (ALRS) Surpasses Q3 Earnings and Revenue Estimates
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Alerus Financial (NASDAQ: ALRS)
Piper Sandler Keeps Their Hold Rating on Alerus Financial (ALRS)
Alerus (ALRS) Q2 Earnings Surpass Estimates
ALRS - Alerus Financial Corporation
8-K: ALERUS FINANCIAL CORP
See More Headlines
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Company Calendar

Ex-Dividend for 10/13 Dividend
9/14/2023
Dividend Payable
10/13/2023
Last Earnings
10/25/2023
Today
12/08/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/24/2024

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:ALRS
Fax
N/A
Employees
773
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.75
High Stock Price Target
$21.00
Low Stock Price Target
$18.00
Potential Upside/Downside
+3.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$40.01 million
Pretax Margin
18.47%

Debt

Sales & Book Value

Annual Sales
$196.20 million
Cash Flow
$2.75 per share
Book Value
$17.85 per share

Miscellaneous

Free Float
18,411,000
Market Cap
$378.31 million
Optionable
Not Optionable
Beta
0.62
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Key Executives

  • Ms. Katie A. Lorenson (Age 42)
    President, CEO & Director
    Comp: $826.27k
  • Ms. Karin M. Taylor (Age 55)
    Executive VP & Chief Risk Officer
    Comp: $497.22k
  • Mr. Alan A. Villalon (Age 49)
    Executive VP & CFO
  • Mr. Sunil N. Swami (Age 66)
    Chief Investment Officer
  • Ms. Kari Koob (Age 39)
    Director of Accounting & Principal Accounting Officer
  • Mr. Jonathan N. Hendry (Age 57)
    Executive VP & CTO
  • Ms. Bonnie Upham CPA
    Chief Compliance Officer
  • Mr. Scott Fenske
    General Counsel & Corporate Secretary
  • Mr. Wade Dykema
    Director of Sales, Alerus Retirement & Benefits
  • Mr. Chris Wolf CPA
    Market President of Northern Valley














ALRS Stock Analysis - Frequently Asked Questions

Should I buy or sell Alerus Financial stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alerus Financial in the last twelve months. There are currently 5 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ALRS shares. 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 ALRS analyst ratings
or view top-rated stocks.

What is Alerus Financial's stock price target for 2024?

5 analysts have issued 1-year target prices for Alerus Financial's stock. Their ALRS share price targets range from $18.00 to $21.00. On average, they anticipate the company's share price to reach $19.75 in the next twelve months. This suggests a possible upside of 3.2% from the stock's current price.
View analysts price targets for ALRS
or view top-rated stocks among Wall Street analysts.

How have ALRS shares performed in 2023?

Alerus Financial's stock was trading at $23.35 at the start of the year. Since then, ALRS shares have decreased by 18.1% and is now trading at $19.13.
View the best growth stocks for 2023 here
.

When is Alerus Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our ALRS earnings forecast
.

How were Alerus Financial's earnings last quarter?

Alerus Financial Co. (NASDAQ:ALRS) issued its earnings results on Wednesday, October, 25th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.11. The company earned $48.80 million during the quarter, compared to analysts' expectations of $47 million. Alerus Financial had a trailing twelve-month return on equity of 10.50% and a net margin of 14.32%.

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

Alerus Financial announced a quarterly dividend on Wednesday, August 23rd. Investors of record on Friday, September 15th will be paid a dividend of $0.19 per share on Friday, October 13th. This represents a $0.76 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for ALRS
.

Is Alerus Financial a good dividend stock?

Alerus Financial (NASDAQ:ALRS) pays an annual dividend of $0.76 per share and currently has a dividend yield of 4.06%. ALRS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 41.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALRS will have a dividend payout ratio of 59.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALRS.

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

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

When did Alerus Financial IPO?

(ALRS) raised $76 million in an initial public offering (IPO) 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. acted as the underwriters for the IPO and Piper Jaffray was co-manager.

Who are Alerus Financial's major shareholders?

Alerus Financial's stock is owned by many different institutional and retail investors. Top institutional investors include Alerus Financial NA (11.37%), Ameriprise Financial Inc. (1.65%), Brown Advisory Inc. (1.42%), Northern Trust Corp (0.88%), Charles Schwab Investment Management Inc. (0.71%) and American Century Companies Inc. (0.68%). Insiders that own company stock include Alan Villalon, Janet O Estep, Jerrod Hanson, Katie A Lorenson, Mary Zimmer and Missy Keney.
View institutional ownership trends
.

How do I buy shares of Alerus Financial?

Shares of ALRS stock 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.
Compare Top Brokerages Here.

This page (NASDAQ:ALRS) was last updated on 12/8/2023 by MarketBeat.com Staff

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