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NASDAQ:ALRS

Alerus Financial Stock Forecast, Price & News

$24.64
+0.61 (+2.54 %)
(As of 12/1/2020 12:00 AM ET)
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Today's Range
$24.30
Now: $24.64
$24.94
50-Day Range
$21.27
MA: $23.15
$25.15
52-Week Range
$15.05
Now: $24.64
$25.34
Volume18,455 shs
Average Volume36,302 shs
Market Capitalization$421.89 million
P/E Ratio10.40
Dividend Yield2.50%
Beta0.71
Alerus Financial Corporation, through its subsidiary Alerus Financial, National Association, provides various financial services to businesses and consumers in the United States. The company operates through four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. It offers various deposit products and services, including demand deposits, checking, interest-bearing transaction accounts, money market accounts, time and savings deposits, 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 lending products, such as 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; and installment loans and lines of credit. 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; and wealth management services, such as financial planning, investment management, personal and corporate trust services, estate administration, and custody services. Further, the company provides debit and credit cards, online banking, mobile banking/wallet, private banking, payroll accounts, flex spending accounts, administration, and government health insurance program services. 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.

Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 1.2Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.19 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:ALRS
CUSIPN/A
CIKN/A
Phone701-795-3200
Employees789

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$207.49 million
Cash Flow$2.27 per share
Book Value$18.81 per share

Profitability

Net Income$29.54 million

Miscellaneous

Market Cap$421.89 million
Next Earnings Date1/26/2021 (Estimated)
OptionableNot Optionable
$24.64
+0.61 (+2.54 %)
(As of 12/1/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Alerus Financial (NASDAQ:ALRS) Frequently Asked Questions

Do Wall Street analysts recommend investors buy shares of Alerus Financial?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alerus Financial in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Alerus Financial
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Alerus Financial?

Wall Street analysts have given Alerus Financial a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Alerus Financial wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Alerus Financial's next earnings date?

Alerus Financial is scheduled to release its next quarterly earnings announcement on Tuesday, January 26th 2021.
View our earnings forecast for Alerus Financial
.

How were Alerus Financial's earnings last quarter?

Alerus Financial Co. (NASDAQ:ALRS) released its quarterly earnings data on Wednesday, October, 28th. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.59. The firm had revenue of $67.02 million for the quarter, compared to the consensus estimate of $50.74 million. Alerus Financial had a return on equity of 13.97% and a net margin of 17.50%.
View Alerus Financial's earnings history
.

How often does Alerus Financial pay dividends? What is the dividend yield for Alerus Financial?

Alerus Financial announced a quarterly dividend on Tuesday, November 17th. Stockholders of record on Friday, December 18th will be given a dividend of $0.15 per share on Friday, January 8th. This represents a $0.60 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, December 17th.
View Alerus Financial's dividend history
.

What price target have analysts set for ALRS?

2 Wall Street analysts have issued twelve-month target prices for Alerus Financial's shares. Their forecasts range from $21.00 to $21.00. On average, they expect Alerus Financial's share price to reach $21.00 in the next year. This suggests that the stock has a possible downside of 14.8%.
View analysts' price targets for Alerus Financial
.

Are investors shorting Alerus Financial?

Alerus Financial saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 171,200 shares, a drop of 14.4% from the October 31st total of 199,900 shares. Based on an average daily volume of 32,300 shares, the days-to-cover ratio is currently 5.3 days. Approximately 1.3% of the company's shares are sold short.
View Alerus Financial's Short Interest
.

Who are some of Alerus Financial's key competitors?

Who are Alerus Financial's key executives?

Alerus Financial's management team includes the following people:
  • Mr. Randy Louis Newman CFP, Chairman, Pres & CEO (Age 66, Pay $1.15M)
  • Ms. Ann Melvey McConn C.F.A., J.D., M.B.A., CFP, Exec. VP & Chief Shared Services Officer (Age 60, Pay $515.23k)
  • Ms. Katie A. Lorenson, Exec. VP & CFO (Age 39)
  • Ms. Maria Biessener Duncan, Sr. VP & Director of Operations
  • Mr. Sunil N. Swami, Chief Investment Officer (Age 63)
  • Mr. Jerrod Keith Hanson CPA, Accounting Officer and Controller
  • Mr. Jonathan N. Hendry, Sr. VP & Chief Information Officer
  • Ms. Bonnie Upham CPA, Chief Compliance Officer
  • Mr. Scott Fenske, Gen. Counsel & Corp. Sec.
  • Ms. Kara Schumacher, Marketing and Customer Management Director

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 a price of $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."

How do I buy shares of Alerus Financial?

Shares of ALRS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Alerus Financial's stock price today?

One share of ALRS stock can currently be purchased for approximately $24.64.

How big of a company is Alerus Financial?

Alerus Financial has a market capitalization of $421.89 million and generates $207.49 million in revenue each year. The company earns $29.54 million in net income (profit) each year or $1.91 on an earnings per share basis. Alerus Financial employs 789 workers across the globe.

What is Alerus Financial's official website?

The official website for Alerus Financial is www.alerus.com.

How can I contact Alerus Financial?

Alerus Financial's mailing address is 401 DEMERS AVE, GRAND FORKS ND, 58201. The company can be reached via phone at 701-795-3200.

This page was last updated on 12/2/2020 by MarketBeat.com Staff

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