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Agilent Technologies Proves Its Worth VS Illumina 
Bargain in Today's Market (SHOCKING) (Ad)pixel
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Bargain in Today's Market (SHOCKING) (Ad)pixel
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
Bargain in Today's Market (SHOCKING) (Ad)pixel
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Bargain in Today's Market (SHOCKING) (Ad)pixel
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Bargain in Today's Market (SHOCKING) (Ad)pixel
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
Bargain in Today's Market (SHOCKING) (Ad)pixel
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Bargain in Today's Market (SHOCKING) (Ad)pixel
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Bargain in Today's Market (SHOCKING) (Ad)pixel
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
Bargain in Today's Market (SHOCKING) (Ad)pixel
NASDAQ:ALRS

Alerus Financial - ALRS Stock Forecast, Price & News

$23.77
-1.21 (-4.84%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
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
1.40mentions of Alerus Financial in the last 14 days
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

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 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

ALRS_old Historical Data
Alerus Financial (NASDAQ:ALRS) Upgraded at Hovde Group
Alerus Financial Co. (NASDAQ:ALRS) Short Interest Update
Alerus Financial Corporation Tops Q1 EPS by 3c
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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

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:ALRS
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

Net Income
$52.68 million
Pretax Margin
26.47%

Debt

Sales & Book Value

Annual Sales
$240.04 million
Cash Flow
$3.61 per share
Book Value
$15.37 per share

Miscellaneous

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













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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