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.