Alerus Financial (ALRS) Stock Forecast, Price & News

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.

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.

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.
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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.

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

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.

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%.

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.

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.

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.

(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.

Alerus Financial trades on the NASDAQ under the ticker symbol "ALRS."

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.

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

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.

The company employs 773 workers across the globe.

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.