Alerus Financial (ALRS) Stock Price, News & Analysis

Company Overview

Alerus Financial Corporation operates as the financial holding company for Alerus Financial National Association, offering a broad suite of banking, mortgage and wealth management services. Through its Community Banking segment, the company provides deposit products, commercial and consumer loans, cash management, treasury services and residential mortgage lending. Its Retirement and Benefits segment delivers recordkeeping and administrative services for defined contribution, defined benefit and health savings plans, as well as payroll processing and other related benefits solutions.

Founded more than a century ago through the establishment of local trust and banking institutions, Alerus has grown organically and through strategic acquisitions. The company rebranded under the “Alerus” name in the early 2000s to better reflect its expanding footprint and diversified product suite. Since then, it has continued to enhance its service offerings by investing in digital banking platforms, mortgage origination technologies and cloud-based retirement plan administration tools.

Headquartered in Grand Forks, North Dakota, Alerus Financial serves both regional and national clients. Its community banks are located primarily across the Upper Midwest, including North Dakota, Minnesota, South Dakota and Wisconsin, with additional presence in Iowa, Michigan and Arizona. The Retirement and Benefits business supports employer-sponsored plans for organizations of all sizes, offering tailored plan design, compliance consulting and participant education services nationwide.

The company is led by a seasoned executive team headed by President and Chief Executive Officer John Radke, under the oversight of an experienced board of directors. Alerus emphasizes client-centric relationship management and local decision-making, while leveraging scale and industry expertise to deliver comprehensive financial and benefits solutions. Its strategic priorities include expanding core deposit and lending activities, growing retirement plan assets under administration and continuously enhancing digital capabilities to meet evolving client needs.

Key Stats

• Today's Range: $22.26 to $22.84
• 50-Day Range: $17.76 to $22.84
• 52-Week Range: $15.78 to $24.41
• Volume: 62,642 shs
• Average Volume: 74,796 shs
• Market Capitalization: $579.45 million
• P/E Ratio: 18.72
• Dividend Yield: 3.68%
• Price Target: $23.00
• Consensus Rating: Hold

Alerus Financial Stock Analysis - MarketRank™

Alerus Financial scored higher than 83% of companies evaluated by MarketBeat, and ranked 255th out of 909 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Alerus Financial has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Alerus Financial has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 13.55%

Earnings Growth

Earnings for Alerus Financial are expected to grow by 13.55% in the coming year, from $2.14 to $2.43 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Alerus Financial is 18.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.63.

Price to Earnings Ratio vs. Sector

The P/E ratio of Alerus Financial is 18.72, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.03.

Price to Book Value per Share Ratio

Alerus Financial has a P/B Ratio of 1.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.99% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Alerus Financial has recently increased by 8.42%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

Alerus Financial is a leading dividend payer. It pays a dividend yield of 3.68%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Alerus Financial has been increasing its dividend for 25 years.

Dividend Coverage

The dividend payout ratio of Alerus Financial is 68.85%. 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 34.57% next year. This indicates that Alerus Financial will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.7 / 5
• Environmental Score: -0.36

Percentage of Shares Shorted

0.99% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Alerus Financial has recently increased by 8.42%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.0 / 5
• News Sentiment: -0.12

News Sentiment

Alerus Financial has a news sentiment score of -0.12. 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 lower news sentiment than the 0.71 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Alerus Financial this week, compared to 2 articles on an average week.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Alerus Financial insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.20% of the stock of Alerus Financial is held by insiders.

Percentage Held by Institutions

51.25% of the stock of Alerus Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ALRS Stock Analysis - Frequently Asked Questions

How have ALRS shares performed this year?

Alerus Financial's stock was trading at $19.24 at the beginning of 2025. Since then, ALRS stock has increased by 18.7% and is now trading at $22.84.

How were Alerus Financial's earnings last quarter?

Alerus Financial (NASDAQ:ALRS) issued its quarterly earnings data on Monday, April, 28th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.13. The company had revenue of $68.79 million for the quarter, compared to the consensus estimate of $66.20 million. Alerus Financial had a net margin of 7.81% and a trailing twelve-month return on equity of 8.32%.
Read the conference call transcript.

When did Alerus Financial IPO?

Alerus Financial (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.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Alerus Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Alerus Financial investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and Arista Networks (ANET).

Company Calendar

• Record date for 4/11 Dividend: 3/14/2025
• Ex-Dividend for 4/11 Dividend: 3/14/2025
• Dividend Payable: 4/11/2025
• Last Earnings: 4/28/2025
• Record date for 7/11 Dividend: 6/27/2025
• Ex-Dividend for 7/11 Dividend: 6/27/2025
• Today: 7/05/2025
• Dividend Payable: 7/11/2025
• Next Earnings (Estimated): 7/23/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: FIN - MISC SVCS
• Sub-Industry: Banking
• Current Symbol: NASDAQ:ALRS
• CIK: 903419
• Web: www.alerus.com
• Phone: (701) 795-3200
• Fax: N/A
• Employees: 840
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $23.00
• High Stock Price Target: $24.00
• Low Stock Price Target: $22.00
• Potential Upside/Downside: +0.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.22
• Trailing P/E Ratio: 18.72
• Forward P/E Ratio: 10.67
• P/E Growth: N/A
• Net Income: $17.78 million
• Net Margins: 7.81%
• Pretax Margin: 8.99%
• Return on Equity: 8.32%
• Return on Assets: 0.77%

Debt

• Debt-to-Equity Ratio: 0.11
• Current Ratio: 0.87
• Quick Ratio: 0.87

Sales & Book Value

• Annual Sales: $336.51 million
• Price / Sales: 1.72
• Cash Flow: $1.86 per share
• Price / Cash Flow: 12.27
• Book Value: $19.55 per share
• Price / Book: 1.17

Miscellaneous

• Outstanding Shares: 25,370,000
• Free Float: 24,301,000
• Market Cap: $579.45 million
• Optionable: Optionable
• Beta: 0.70