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 .

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

1.0

Analyst's Opinion

Consensus Rating
Alerus Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $19.75, Alerus Financial has a forecasted upside of 3.2% from its current price of $19.13.
Amount of Analyst Coverage
Alerus Financial has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.25% of the outstanding shares of Alerus Financial have been sold short.
Short Interest Ratio / Days to Cover
Alerus Financial has a short interest ratio ("days to cover") of 8.
Change versus previous month
Short interest in Alerus Financial has recently increased by 3.22%, indicating that investor sentiment is decreasing.

4.2

Dividend Strength

Dividend Leadership
Alerus Financial is a leading dividend payer. It pays a dividend yield of 4.06%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Alerus Financial has been increasing its dividend for 7 years.
Dividend Coverage
The dividend payout ratio of Alerus Financial is 41.53%. 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 59.37% 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.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Alerus Financial this week, compared to 1 article on an average week.

0.8

Company Ownership

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 6.90% of the stock of Alerus Financial is held by insiders.
Percentage Held by Institutions
43.37% of the stock of Alerus Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Alerus Financial are expected to decrease by -17.95% in the coming year, from $1.56 to $1.28 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Alerus Financial is 10.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of Alerus Financial is 10.45, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 53.96.
Price to Book Value per Share Ratio
Alerus Financial has a P/B Ratio of 1.07. 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 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

30 days | 90 days | 365 days | Advanced Chart

ALRS Stock News Headlines

December 3, 2023 | americanbankingnews.com

Alerus Financial Co. (NASDAQ:ALRS) Receives Consensus Recommendation of "Hold" from Analysts

October 31, 2023 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: Alerus Financial (ALRS) and First Bank (FRBA)

December 8, 2023 | DTI Trader (Ad)

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October 27, 2023 | finance.yahoo.com

Alerus Financial Corporation (NASDAQ:ALRS) Q3 2023 Earnings Call Transcript

October 27, 2023 | finance.yahoo.com

Q3 2023 Alerus Financial Corp Earnings Call

October 26, 2023 | finance.yahoo.com

Alerus (ALRS) Surpasses Q3 Earnings and Revenue Estimates

October 26, 2023 | finance.yahoo.com

Alerus (ALRS) Reports Q3 Earnings: What Key Metrics Have to Say

October 25, 2023 | finance.yahoo.com

Alerus Financial Corporation Reports Third Quarter 2023 Net Income of $9.2 Million

December 8, 2023 | DTI Trader (Ad)

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.

October 25, 2023 | finance.yahoo.com

Alerus Financial Corp (ALRS) Reports Q3 2023 Net Income of $9.2 Million

October 3, 2023 | fool.com

Alerus Financial (NASDAQ: ALRS)

September 21, 2023 | finance.yahoo.com

Alerus Financial Corporation to Announce Third Quarter Financial Results on Wednesday, October 25

September 12, 2023 | finance.yahoo.com

Is Alerus Financial (ALRS) a Worthy Stock for Value Investors?

August 28, 2023 | finance.yahoo.com

Alerus Financial (NASDAQ:ALRS) shareholders have endured a 16% loss from investing in the stock five years ago

August 1, 2023 | msn.com

Piper Sandler Maintains Alerus Financial (ALRS) Neutral Recommendation

August 1, 2023 | msn.com

DA Davidson Maintains Alerus Financial (ALRS) Neutral Recommendation

July 31, 2023 | markets.businessinsider.com

Piper Sandler Keeps Their Hold Rating on Alerus Financial (ALRS)

July 27, 2023 | finance.yahoo.com

Compared to Estimates, Alerus (ALRS) Q2 Earnings: A Look at Key Metrics

July 26, 2023 | finance.yahoo.com

Alerus (ALRS) Q2 Earnings Surpass Estimates

July 26, 2023 | finance.yahoo.com

Alerus Financial Corporation Reports Second Quarter 2023 Net Income of $9.1 Million

July 6, 2023 | finance.yahoo.com

Retail investors account for 46% of Alerus Financial Corporation's (NASDAQ:ALRS) ownership, while institutions account for 42%

June 30, 2023 | finance.yahoo.com

Alerus Financial Corporation to Announce Second Quarter Financial Results on Wednesday, July 26

June 14, 2023 | finance.yahoo.com

ALRS - Alerus Financial Corporation

May 15, 2023 | finance.yahoo.com

Alerus Financial (NASDAQ:ALRS) Has Announced That It Will Be Increasing Its Dividend To $0.19

May 12, 2023 | msn.com

Alerus Financial (ALRS) Declares $0.19 Dividend

May 11, 2023 | marketwatch.com

8-K: ALERUS FINANCIAL CORP

May 11, 2023 | msn.com

Alerus Financial Corporation raises dividend by 5.6% to $0.19

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

Get Stock Alerts

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: 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

EPS (Most Recent Fiscal Year): $1.83
Trailing P/E Ratio: 10.45
Forward P/E Ratio: 12.26
P/E Growth: N/A
Net Income: $40.01 million
Net Margins: 14.32%
Pretax Margin: 18.47%
Return on Equity: 10.50%
Return on Assets: 0.97%

Debt

Debt-to-Equity Ratio: 0.17
Current Ratio: 0.77
Quick Ratio: 0.77

Sales & Book Value

Annual Sales: $196.20 million
Price / Sales: 1.93
Cash Flow: $2.75 per share
Price / Cash Flow: 6.95
Book Value: $17.85 per share
Price / Book: 1.07

Miscellaneous

Outstanding Shares: 19,776,000
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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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