S&P 500   4,320.06 (-0.23%)
DOW   33,963.84 (-0.31%)
QQQ   357.91 (+0.01%)
AAPL   174.79 (+0.49%)
MSFT   317.01 (-0.79%)
META   299.08 (+1.13%)
GOOGL   130.25 (-0.15%)
AMZN   129.12 (-0.16%)
TSLA   244.88 (-4.23%)
NVDA   416.10 (+1.45%)
NIO   8.54 (+1.07%)
BABA   88.30 (+4.98%)
AMD   96.20 (+0.09%)
T   15.13 (-1.18%)
F   12.43 (+1.89%)
MU   68.88 (+1.44%)
CGC   0.84 (+9.09%)
GE   111.25 (-1.54%)
DIS   81.25 (-1.79%)
AMC   7.63 (-0.91%)
PFE   32.69 (-0.49%)
PYPL   57.88 (-1.26%)
NFLX   379.81 (-1.13%)
S&P 500   4,320.06 (-0.23%)
DOW   33,963.84 (-0.31%)
QQQ   357.91 (+0.01%)
AAPL   174.79 (+0.49%)
MSFT   317.01 (-0.79%)
META   299.08 (+1.13%)
GOOGL   130.25 (-0.15%)
AMZN   129.12 (-0.16%)
TSLA   244.88 (-4.23%)
NVDA   416.10 (+1.45%)
NIO   8.54 (+1.07%)
BABA   88.30 (+4.98%)
AMD   96.20 (+0.09%)
T   15.13 (-1.18%)
F   12.43 (+1.89%)
MU   68.88 (+1.44%)
CGC   0.84 (+9.09%)
GE   111.25 (-1.54%)
DIS   81.25 (-1.79%)
AMC   7.63 (-0.91%)
PFE   32.69 (-0.49%)
PYPL   57.88 (-1.26%)
NFLX   379.81 (-1.13%)
S&P 500   4,320.06 (-0.23%)
DOW   33,963.84 (-0.31%)
QQQ   357.91 (+0.01%)
AAPL   174.79 (+0.49%)
MSFT   317.01 (-0.79%)
META   299.08 (+1.13%)
GOOGL   130.25 (-0.15%)
AMZN   129.12 (-0.16%)
TSLA   244.88 (-4.23%)
NVDA   416.10 (+1.45%)
NIO   8.54 (+1.07%)
BABA   88.30 (+4.98%)
AMD   96.20 (+0.09%)
T   15.13 (-1.18%)
F   12.43 (+1.89%)
MU   68.88 (+1.44%)
CGC   0.84 (+9.09%)
GE   111.25 (-1.54%)
DIS   81.25 (-1.79%)
AMC   7.63 (-0.91%)
PFE   32.69 (-0.49%)
PYPL   57.88 (-1.26%)
NFLX   379.81 (-1.13%)
S&P 500   4,320.06 (-0.23%)
DOW   33,963.84 (-0.31%)
QQQ   357.91 (+0.01%)
AAPL   174.79 (+0.49%)
MSFT   317.01 (-0.79%)
META   299.08 (+1.13%)
GOOGL   130.25 (-0.15%)
AMZN   129.12 (-0.16%)
TSLA   244.88 (-4.23%)
NVDA   416.10 (+1.45%)
NIO   8.54 (+1.07%)
BABA   88.30 (+4.98%)
AMD   96.20 (+0.09%)
T   15.13 (-1.18%)
F   12.43 (+1.89%)
MU   68.88 (+1.44%)
CGC   0.84 (+9.09%)
GE   111.25 (-1.54%)
DIS   81.25 (-1.79%)
AMC   7.63 (-0.91%)
PFE   32.69 (-0.49%)
PYPL   57.88 (-1.26%)
NFLX   379.81 (-1.13%)
NASDAQ:ALRS

Alerus Financial (ALRS) Stock Forecast, Price & News

$17.74
-0.09 (-0.50%)
(As of 09/22/2023 ET)
Compare
Today's Range
$17.69
$17.92
50-Day Range
$17.79
$20.26
52-Week Range
$13.11
$24.16
Volume
16,937 shs
Average Volume
40,422 shs
Market Capitalization
$354.62 million
P/E Ratio
9.59
Dividend Yield
4.28%
Price Target
$20.38

Alerus Financial MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
14.9% Upside
$20.38 Price Target
Short Interest
Healthy
1.41% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.36
Upright™ Environmental Score
News Sentiment
0.79mentions of Alerus Financial in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-4.03%
From $1.49 to $1.43 Per Share

Overall MarketRank

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

2.51 out of 5 stars

Finance Sector

299th out of 809 stocks

National Commercial Banks Industry

49th out of 81 stocks


ALRS stock logo

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 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 Price History

ALRS Stock News Headlines

Alerus Financial Co. (NASDAQ:ALRS) Short Interest Update
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
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
Piper Sandler Reaffirms Their Hold Rating on Alerus Financial (ALRS)
Alerus (ALRS) Beats Q1 Earnings and Revenue Estimates
A Preview Of Alerus Finl's Earnings
See More Headlines
Receive ALRS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Alerus Financial and its competitors with MarketBeat's FREE daily newsletter.

ALRS Company Calendar

Ex-Dividend for 7/14 Dividend
6/14/2023
Dividend Payable
7/14/2023
Last Earnings
7/26/2023
Ex-Dividend for 10/13 Dividend
9/14/2023
Today
9/22/2023
Dividend Payable
10/13/2023
Next Earnings (Confirmed)
10/25/2023
Fiscal Year End
12/31/2023

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 Forecast
$20.38
High Stock Price Forecast
$21.50
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+14.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$40.01 million
Pretax Margin
19.70%

Debt

Sales & Book Value

Annual Sales
$226.80 million
Cash Flow
$2.71 per share
Book Value
$17.85 per share

Miscellaneous

Free Float
18,871,000
Market Cap
$357.42 million
Optionable
Not Optionable
Beta
0.60
The Best High-Yield Dividend Stocks for 2023 Cover

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Get This Free Report

Key Executives

  • Ms. Katie A. Lorenson (Age 42)
    Pres, CEO & Director
    Comp: $826.27k
  • Ms. Karin M. Taylor (Age 55)
    Exec. VP & Chief Risk Officer
    Comp: $497.22k
  • Mr. Alan A. Villalon (Age 49)
    Exec. 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)
    Exec. VP & CTO
  • Ms. Bonnie Upham CPA
    Chief Compliance Officer
  • Mr. Scott Fenske
    Gen. Counsel & Corp. Sec.
  • Mr. Wade Dykema
    Director of Sales, Alerus Retirement & Benefits
  • Ms. Sandy Korbel
    Sr. Wealth Management Advisor













ALRS Stock - Frequently Asked Questions

Should I buy or sell Alerus Financial stock right now?

5 Wall Street 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 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 forecast for 2023?

5 brokerages have issued 12-month price objectives for Alerus Financial's stock. Their ALRS share price forecasts range from $18.00 to $21.50. On average, they predict the company's share price to reach $20.38 in the next year. This suggests a possible upside of 14.0% 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 on January 1st, 2023. Since then, ALRS stock has decreased by 23.4% and is now trading at $17.88.
View the best growth stocks for 2023 here
.

Are investors shorting Alerus Financial?

Alerus Financial saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 281,400 shares, a decrease of 6.3% from the August 15th total of 300,400 shares. Based on an average daily volume of 44,800 shares, the short-interest ratio is presently 6.3 days.
View Alerus Financial's Short Interest
.

When is Alerus Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our ALRS earnings forecast
.

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

Alerus Financial will be holding an earnings conference call on Thursday, October 26th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Alerus Financial's earnings last quarter?

Alerus Financial Co. (NASDAQ:ALRS) released its quarterly earnings data on Wednesday, July, 26th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The company earned $48.01 million during the quarter, compared to analysts' expectations of $48.80 million. Alerus Financial had a trailing twelve-month return on equity of 11.06% and a net margin of 15.14%.

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. Stockholders 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 dividend yield of 4.25%. 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 4.27%. 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 41.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALRS will have a dividend payout ratio of 53.15% 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 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.87%), Geode Capital Management LLC (1.77%), State Street Corp (1.64%), Brown Advisory Inc. (1.29%), Goldman Sachs Group Inc. (0.93%) and Northern Trust Corp (0.87%). 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.

What is Alerus Financial's stock price today?

One share of ALRS stock can currently be purchased for approximately $17.88.

How much money does Alerus Financial make?

Alerus Financial (NASDAQ:ALRS) has a market capitalization of $357.42 million and generates $226.80 million in revenue each year. The company earns $40.01 million in net income (profit) each year or $1.85 on an earnings per share basis.

How many employees does Alerus Financial have?

The company employs 773 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 9/22/2023 by MarketBeat.com Staff

My Account -