NASDAQ:ALRS

Alerus Financial - ALRS Stock Forecast, Price & News

$23.77

-1.21 (-4.84%)

(As of 08/17/2022 12:00 AM ET)

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Today's Range: $23.00
▼
$24.98
50-Day Range: $22.00
▼
$25.08
52-Week Range: $20.20
▼
$38.31

Volume: 77,045 shs
Average Volume: 28,133 shs
Market Capitalization: $475.09 million

P/E Ratio: 9.32
Dividend Yield: 2.88%
Price Target: $28.00

Alerus Financial MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 17.8% Upside
$28.00 Price Target
Short Interest: Healthy
1.60% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.36
Upright™ Environmental Score
News Sentiment: 1.40
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$22,980 Bought Last Quarter
Proj. Earnings Growth: 10.64%
From $2.35 to $2.60 Per Share

Overall MarketRank^™

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

2.63 out of 5 stars

Finance Sector

246th out of 932 stocks

National Commercial Banks Industry

28th out of 89 stocks

2.5

Analyst's Opinion

Consensus Rating
Alerus Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $28.00, Alerus Financial has a forecasted upside of 17.8% from its current price of $23.77.
Amount of Analyst Coverage
Alerus Financial has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.60% of the float of Alerus Financial has been sold short.
Short Interest Ratio / Days to Cover
Alerus Financial has a short interest ratio ("days to cover") of 7.
Change versus previous month
Short interest in Alerus Financial has recently decreased by 3.67%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
Alerus Financial pays a meaningful dividend of 2.88%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Alerus Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Alerus Financial is 28.24%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Alerus Financial will have a dividend payout ratio of 27.69% next year. This indicates that Alerus Financial will be able to sustain or increase its dividend.

3.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Alerus Financial has received a 45.93% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Retirement saving services", "Cash withdrawal services", "Mortgages provided by brick and mortar banks", "Mortgage loans for corporations", "Corporate debit cards", and "Home equity loans" products. See details.
Environmental Sustainability
The Environmental Impact score for Alerus Financial is -0.36.

3.0

News and Social Media Coverage

News Sentiment
Alerus Financial has a news sentiment score of 1.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Alerus Financial this week, compared to 1 article on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Alerus Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $22,980.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 6.90% of the stock of Alerus Financial is held by insiders.
Percentage Held by Institutions
Only 39.47% of the stock of Alerus Financial is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Alerus Financial are expected to grow by 10.64% in the coming year, from $2.35 to $2.60 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Alerus Financial is 9.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Alerus Financial is 9.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 149.78.
Price to Book Value per Share Ratio
Alerus Financial has a P/B Ratio of 1.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Alerus Financial (NASDAQ:ALRS) Stock

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 through fourteen offices 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.

Alerus Financial Stock Performance

Alerus Financial stock traded down $0.02 during trading on Wednesday, reaching $24.98. The company had a trading volume of 59,076 shares, compared to its average volume of 33,501. Alerus Financial has a 52 week low of $20.20 and a 52 week high of $38.31. The firm's 50-day simple moving average is $23.74 and its 200 day simple moving average is $26.08. The firm has a market capitalization of $499.35 million, a price-to-earnings ratio of 9.80 and a beta of 0.72. The company has a current ratio of 0.67, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19.

Alerus Financial (NASDAQ:ALRS - Get Rating) last announced its earnings results on Wednesday, July 27th. The company reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.08). Alerus Financial had a return on equity of 13.69% and a net margin of 20.32%. During the same period in the prior year, the firm earned $0.66 earnings per share. Sell-side analysts forecast that Alerus Financial will post 2.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Hovde Group raised Alerus Financial from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $27.00 to $28.00 in a report on Friday, July 29th.

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ALRS Stock News Headlines

August 14, 2022 | investing.com

ALRS_old Historical Data

August 5, 2022 | americanbankingnews.com

Contrasting Alerus Financial (NASDAQ:ALRS) & Capital Bancorp (NASDAQ:CBNK)

August 3, 2022 | americanbankingnews.com

Alerus Financial Co. to Post Q3 2022 Earnings of $0.57 Per Share, DA Davidson Forecasts (NASDAQ:ALRS)

August 2, 2022 | americanbankingnews.com

Alerus Financial (NASDAQ:ALRS) Upgraded at Hovde Group

August 1, 2022 | americanbankingnews.com

Alerus Financial Co. (NASDAQ:ALRS) Short Interest Update

August 1, 2022 | americanbankingnews.com

Alerus Financial (NASDAQ:ALRS) & United Security Bancshares (NASDAQ:UBFO) Financial Comparison

July 29, 2022 | americanbankingnews.com

Head to Head Review: Washington Federal (NASDAQ:WAFD) versus Alerus Financial (NASDAQ:ALRS)

July 27, 2022 | finance.yahoo.com

Alerus Financial Corporation Reports Second Quarter 2022 Net Income of $9.3 Million

July 27, 2022 | finance.yahoo.com

Alerus (ALRS) Q2 Earnings and Revenues Miss Estimates

July 20, 2022 | finance.yahoo.com

Alerus Financial Corporation Announces Executive Leadership Changes

July 13, 2022 | finance.yahoo.com

What Type Of Shareholders Make Up Alerus Financial Corporation's (NASDAQ:ALRS) Share Registry?

July 1, 2022 | seekingalpha.com

Alerus Financial completes acquisition of Metro Phoenix Bank holding company

June 29, 2022 | finance.yahoo.com

Alerus Financial Corporation to Announce Second Quarter 2022 Financial Results on Wednesday, July 27

June 23, 2022 | finance.yahoo.com

MarketAxess (MKTX) Partners Tradeweb & Bloomberg in Europe

June 1, 2022 | seekingalpha.com

Alerus Financial Corporation hires Jim Collins as Chief Banking and Revenue Officer

May 31, 2022 | finance.yahoo.com

Alerus Financial Corporation Names Jim Collins Chief Banking and Revenue Officer

May 29, 2022 | finance.yahoo.com

Alerus Financial (NASDAQ:ALRS) Is Paying Out A Larger Dividend Than Last Year

May 15, 2022 | finance.yahoo.com

Alerus Financial (NASDAQ:ALRS) Is Increasing Its Dividend To US$0.18

May 12, 2022 | seekingalpha.com

Alerus Financial Corporation raises dividend by 12.5% to $0.18

May 2, 2022 | finance.yahoo.com

Investors in Alerus Financial (NASDAQ:ALRS) have made a decent return of 54% over the past five years

April 30, 2022 | seekingalpha.com

Alerus Financial Corporation (ALRS) CEO Katie Lorenson on Q1 2022 Results - Earnings Call Transcript

April 29, 2022 | finance.yahoo.com

Alerus Financial Corp. (ALRS) Q1 2022 Earnings Call Transcript

April 27, 2022 | au.investing.com

Alerus Financial Corporation Tops Q1 EPS by 3c

April 27, 2022 | seekingalpha.com

Alerus Financial Corporation GAAP EPS of $0.57 beats by $0.03, revenue of $51.2M misses by $3.24M

April 27, 2022 | finance.yahoo.com

Alerus Financial Corporation Reports First Quarter 2022 Net Income of $10.2 Million

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ALRS Company Calendar

Ex-Dividend for 7/8 Dividend: 6/16/2022
Dividend Payable: 7/08/2022
Last Earnings: 7/27/2022
Today: 8/18/2022
Next Earnings (Estimated): 10/26/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: National commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:ALRS
CUSIP: N/A
CIK: 903419
Web: www.alerus.com
Phone: (701) 795-3200
Fax: N/A
Employees: 779
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $28.00
High Stock Price Forecast: $28.00
Low Stock Price Forecast: $28.00
Forecasted Upside/Downside: +17.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.55
Trailing P/E Ratio: 9.32
Forward P/E Ratio: 10.11
P/E Growth: N/A
Net Income: $52.68 million
Net Margins: 20.32%
Pretax Margin: 26.47%
Return on Equity: 13.69%
Return on Assets: 1.40%

Debt

Debt-to-Equity Ratio: 0.19
Current Ratio: 0.67
Quick Ratio: 0.65

Sales & Book Value

Annual Sales: $240.04 million
Price / Sales: 1.98
Cash Flow: $3.61 per share
Price / Cash Flow: 6.59
Book Value: $15.37 per share
Price / Book: 1.55

Miscellaneous

Outstanding Shares: 19,987,000
Free Float: 18,608,000
Market Cap: $475.09 million
Optionable: Not Optionable
Beta: 0.72

Key Executives

Ms. Katie A. Lorenson (Age 41)
Pres, CEO & Director
Comp: $563.07k
Ms. Ann Melvey McConn CFP (Age 62)
J.D., M.B.A., Exec. VP & Chief Shared Services Officer
Comp: $566.49k
Mr. Alan A. Villalon (Age 48)
Exec. VP & CFO
Ms. Maria Biessener Duncan
Sr. VP and Director of Operations & Process Excellence
Mr. Sunil N. Swami (Age 65)
Chief Investment Officer
Mr. Jerrod Keith Hanson CPA (Age 51)
Chief Accounting Officer & Sr. VP
Mr. Jonathan N. Hendry
Exec. VP & CTO
Ms. Bonnie Upham CPA
Chief Compliance Officer
Mr. Scott Fenske
Gen. Counsel & Corp. Sec.
Ms. Kara Schumacher
Marketing and Customer Management Director

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ALRS Stock - Frequently Asked Questions

Should I buy or sell Alerus Financial stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alerus Financial in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ALRS shares.
View ALRS analyst ratings or view top-rated stocks.
What is Alerus Financial's stock price forecast for 2022?: 1 equities research analysts have issued 1-year price objectives for Alerus Financial's stock. Their ALRS share price forecasts range from $28.00 to $28.00. On average, they predict the company's stock price to reach $28.00 in the next year. This suggests a possible upside of 17.8% 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 2022?: Alerus Financial's stock was trading at $29.28 at the start of the year. Since then, ALRS stock has decreased by 18.8% and is now trading at $23.77.
View the best growth stocks for 2022 here.
When is Alerus Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our ALRS earnings forecast.
How were Alerus Financial's earnings last quarter?: Alerus Financial Co. (NASDAQ:ALRS) released its quarterly earnings results on Wednesday, July, 27th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.60 by $0.08. Alerus Financial had a trailing twelve-month return on equity of 13.69% and a net margin of 20.32%. During the same period in the previous year, the company posted $0.66 earnings per share.
How often does Alerus Financial pay dividends? What is the dividend yield for Alerus Financial?: Alerus Financial declared a quarterly dividend on Wednesday, May 11th. Investors of record on Friday, June 17th will be given a dividend of $0.18 per share on Friday, July 8th. This represents a $0.72 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, June 16th. This is a boost from the stock's previous quarterly dividend of $0.16.
Read our dividend analysis for ALRS.
Is Alerus Financial a good dividend stock?: Alerus Financial (NASDAQ:ALRS) pays an annual dividend of $0.72 per share and currently has a dividend yield of 2.88%. The dividend payout ratio is 28.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALRS will have a dividend payout ratio of 27.69% 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. 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 retail and institutional investors. Top institutional shareholders include Capital Wealth Alliance LLC (2.73%), State Street Corp (1.45%), Northern Trust Corp (0.78%), Citadel Advisors LLC (0.14%), Rhumbline Advisers (0.11%) and Martingale Asset Management L P (0.09%). Insiders that own company stock include Katie A Lorenson, Kris Compton, Lloyd G Case and Randy L Newman.
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.
What is Alerus Financial's stock price today?: One share of ALRS stock can currently be purchased for approximately $23.77.
How much money does Alerus Financial make?: Alerus Financial (NASDAQ:ALRS) has a market capitalization of $475.09 million and generates $240.04 million in revenue each year. The company earns $52.68 million in net income (profit) each year or $2.55 on an earnings per share basis.
How many employees does Alerus Financial have?: The company employs 779 workers across the globe.
How can I contact Alerus Financial?: Alerus Financial's mailing address is 401 DEMERS AVE, GRAND FORKS ND, 58201. The official website for the company is www.alerus.com. The company can be reached via phone at (701) 795-3200.

This page (NASDAQ:ALRS) was last updated on 8/18/2022 by MarketBeat.com Staff

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Alerus Financial - ALRS Stock Forecast, Price & News

Alerus Financial MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month