Should I buy or sell Alerus Financial stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alerus Financial in the last twelve months. There are currently 2 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 target for 2024?

2 equities research analysts have issued 12 month target prices for Alerus Financial's stock. Their ALRS share price targets range from $23.00 to $24.00. On average, they predict the company's stock price to reach $23.50 in the next year. This suggests a possible upside of 17.9% 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 2024?

Alerus Financial's stock was trading at $22.39 at the beginning of 2024. Since then, ALRS stock has decreased by 10.9% and is now trading at $19.94. View the best growth stocks for 2024 here .

Are investors shorting Alerus Financial?

Alerus Financial saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 399,500 shares, a drop of 5.8% from the March 15th total of 424,100 shares. Based on an average daily volume of 41,200 shares, the days-to-cover ratio is presently 9.7 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, April 24th 2024. 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, April 25th 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 results on Wednesday, January, 24th. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.29 by $0.05. The company had revenue of $46.99 million for the quarter, compared to analyst estimates of $45 million. Alerus Financial had a net margin of 4.34% and a trailing twelve-month return on equity of 8.69%.

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

Alerus Financial declared a quarterly dividend on Tuesday, February 27th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.19 per share on Friday, April 12th. This represents a $0.76 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Thursday, March 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 3.80%. 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 133.34%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ALRS will have a dividend payout ratio of 41.53% 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?

Alerus Financial (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. acted as the underwriters for the IPO and Piper Jaffray was co-manager.

Who are Alerus Financial's major shareholders?

Alerus Financial's stock is owned by many different institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.40%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:ALRS

Alerus Financial (ALRS) Stock Price, News & Analysis

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$19.94

-0.06 (-0.30%)

(As of 04/15/2024 ET)

Compare

Today's Range: $19.87
▼
$20.09
50-Day Range: $19.90
▼
$23.17
52-Week Range: $13.11
▼
$25.85

Volume: 29,899 shs
Average Volume: 41,093 shs
Market Capitalization: $393.62 million

P/E Ratio: 34.98
Dividend Yield: 3.81%
Price Target: $23.50

Get Alerus Financial alerts:

Alerus Financial MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 17.9% Upside
$23.50 Price Target
Short Interest: Healthy
2.02% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.36
Upright™ Environmental Score
News Sentiment: 1.44
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 19.61%
From $1.53 to $1.83 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.72 out of 5 stars

Finance Sector

109th out of 873 stocks

National Commercial Banks Industry

21st out of 86 stocks

2.0

Analyst's Opinion

Consensus Rating
Alerus Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Alerus Financial has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.02% of the outstanding shares of Alerus Financial have been sold short.
Short Interest Ratio / Days to Cover
Alerus Financial has a short interest ratio ("days to cover") of 9.7.
Change versus previous month
Short interest in Alerus Financial has recently decreased by 5.80%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Alerus Financial is a leading dividend payer. It pays a dividend yield of 3.80%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Alerus Financial has been increasing its dividend for 7 years.
Dividend Coverage
The dividend payout ratio of Alerus Financial is 133.34%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Alerus Financial will have a dividend payout ratio of 41.53% next year. This indicates that Alerus Financial will be able to sustain or increase its dividend.

3.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Alerus Financial has received a 45.93% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Retirement saving services", "Cash withdrawal services", "Mortgages provided by brick and mortar banks", "Mortgage loans for corporations", "Corporate debit cards", and "Home equity loans" products. See details.
Environmental Sustainability
The Environmental Impact score for Alerus Financial is -0.36.

3.6

News and Social Media Coverage

News Sentiment
Alerus Financial has a news sentiment score of 1.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Alerus Financial this week, compared to 1 article on an average week.
Search Interest
1 people have searched for ALRS on MarketBeat in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Alerus Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 6.10% of the stock of Alerus Financial is held by insiders.
Percentage Held by Institutions
51.25% of the stock of Alerus Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Alerus Financial are expected to grow by 19.61% in the coming year, from $1.53 to $1.83 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Alerus Financial is 34.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Alerus Financial is 34.98, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 56.99.
Price to Book Value per Share Ratio
Alerus Financial has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Alerus Financial Stock (NASDAQ:ALRS)

Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that engages in the provision of various financial services to businesses and consumers. The company operates in four segments: Banking, Mortgage, Retirement and Benefit Services, and Wealth Management. 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 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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ALRS Stock News Headlines

April 1, 2024 | businesswire.com

Alerus Financial Corporation to Announce First Quarter Financial Results on Wednesday, April 24

March 28, 2024 | msn.com

Russia's Alrosa agrees to sell some production to the state, source says

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

March 28, 2024 | msn.com

Russia confirms deal to buy part of diamond producer Alrosa's output

March 13, 2024 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: Alerus Financial (ALRS) and Heritage Insurance Holdings (HRTG)

March 11, 2024 | msn.com

Russia says broker will take bids from March 25 for frozen assets swap

March 9, 2024 | finance.yahoo.com

It Might Not Be A Great Idea To Buy Alerus Financial Corporation (NASDAQ:ALRS) For Its Next Dividend

March 7, 2024 | finance.yahoo.com

Investors in Alerus Financial (NASDAQ:ALRS) have unfortunately lost 27% over the last three years

April 16, 2024 | InvestorPlace (Ad)

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March 5, 2024 | wsj.com

Alerus Financial Corp.

February 28, 2024 | businesswire.com

Alerus Financial Corporation Declares Cash Dividend on Common Shares

February 22, 2024 | finance.yahoo.com

Alerus Financial Corporation Names Forrest Wilson Chief Retirement Services Officer

February 16, 2024 | investing.com

Alerus Financial Corp (ALRS)

February 13, 2024 | finance.yahoo.com

Has Alerus Financial (ALRS) Outpaced Other Finance Stocks This Year?

January 31, 2024 | finance.yahoo.com

Can Alerus (ALRS) Run Higher on Rising Earnings Estimates?

January 28, 2024 | finance.yahoo.com

Alerus Financial Corporation (NASDAQ:ALRS) Q4 2023 Earnings Call Transcript

January 26, 2024 | finance.yahoo.com

Alerus Financial Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

January 26, 2024 | finance.yahoo.com

Q4 2023 Alerus Financial Corp Earnings Call

January 24, 2024 | finance.yahoo.com

Alerus Financial Corporation Announces Fourth Quarter 2023 Results, Including Balance Sheet Repositioning

January 24, 2024 | finance.yahoo.com

Alerus Financial Corp (ALRS) Reports Q4 Loss and Balance Sheet Repositioning

January 24, 2024 | finance.yahoo.com

Alerus (ALRS) Misses Q4 Earnings Estimates

January 24, 2024 | finance.yahoo.com

Alerus (ALRS) Reports Q4 Earnings: What Key Metrics Have to Say

January 23, 2024 | finance.yahoo.com

Exploring Analyst Estimates for Alerus (ALRS) Q4 Earnings, Beyond Revenue and EPS

January 5, 2024 | finance.yahoo.com

Alerus Financial Corporation to Announce Fourth Quarter and Full-Year 2023 Financial Results on Wednesday, January 24

December 29, 2023 | finance.yahoo.com

All You Need to Know About Alerus (ALRS) Rating Upgrade to Buy

December 29, 2023 | finance.yahoo.com

Should Value Investors Buy Alerus Financial (ALRS) Stock?

December 25, 2023 | finance.yahoo.com

Alerus Financial Corp's Dividend Analysis

See More Headlines

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Company Calendar

Last Earnings: 1/24/2024
Ex-Dividend for 4/12 Dividend: 3/14/2024
Dividend Payable: 4/12/2024
Today: 4/15/2024
Next Earnings (Confirmed): 4/24/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: National commercial banks
Sub-Industry: N/A
Current Symbol: NASDAQ:ALRS
CUSIP: N/A
CIK: 903419
Web: www.alerus.com
Phone: (701) 795-3200
Fax: N/A
Employees: 709
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $23.50
High Stock Price Target: $24.00
Low Stock Price Target: $23.00
Potential Upside/Downside: +17.9%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.57
Trailing P/E Ratio: 34.98
Forward P/E Ratio: 13.03
P/E Growth: N/A
Net Income: $11.70 million
Net Margins: 4.34%
Pretax Margin: 6.47%
Return on Equity: 8.69%
Return on Assets: 0.80%

Debt

Debt-to-Equity Ratio: 0.16
Current Ratio: 0.83
Quick Ratio: 0.83

Sales & Book Value

Annual Sales: $269.76 million
Price / Sales: 1.46
Cash Flow: $2.10 per share
Price / Cash Flow: 9.48
Book Value: $18.67 per share
Price / Book: 1.07

Miscellaneous

Outstanding Shares: 19,740,000
Free Float: 18,534,000
Market Cap: $393.62 million
Optionable: Optionable
Beta: 0.65

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Key Executives

Ms. Katie A. Lorenson (Age 43)
President, CEO & Director
Comp: $826.27k
Ms. Karin M. Taylor (Age 56)
Executive VP, Chief Risk & Operating Officer
Comp: $497.22k
Mr. Alan A. Villalon (Age 50)
Executive VP & CFO
Mr. Sunil N. Swami (Age 67)
Chief Investment Officer
Ms. Kari Koob (Age 40)
Director of Accounting & Principal Accounting Officer
Mr. Jonathan N. Hendry (Age 58)
Executive VP & CTO
Ms. Bonnie Upham CPA
Chief Compliance Officer
Mr. Scott Fenske
General Counsel & Corporate Secretary
Mr. Wade Dykema
Director of Sales, Alerus Retirement & Benefits
Mr. Chris Wolf CPA
Market President of Northern Valley

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ALRS Stock Analysis - Frequently Asked Questions

Should I buy or sell Alerus Financial stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alerus Financial in the last twelve months. There are currently 2 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 target for 2024?: 2 equities research analysts have issued 12 month target prices for Alerus Financial's stock. Their ALRS share price targets range from $23.00 to $24.00. On average, they predict the company's stock price to reach $23.50 in the next year. This suggests a possible upside of 17.9% 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 2024?: Alerus Financial's stock was trading at $22.39 at the beginning of 2024. Since then, ALRS stock has decreased by 10.9% and is now trading at $19.94.
View the best growth stocks for 2024 here.
Are investors shorting Alerus Financial?: Alerus Financial saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 399,500 shares, a drop of 5.8% from the March 15th total of 424,100 shares. Based on an average daily volume of 41,200 shares, the days-to-cover ratio is presently 9.7 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, April 24th 2024.
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, April 25th 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 results on Wednesday, January, 24th. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.29 by $0.05. The company had revenue of $46.99 million for the quarter, compared to analyst estimates of $45 million. Alerus Financial had a net margin of 4.34% and a trailing twelve-month return on equity of 8.69%.

How often does Alerus Financial pay dividends? What is the dividend yield for Alerus Financial?: Alerus Financial declared a quarterly dividend on Tuesday, February 27th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.19 per share on Friday, April 12th. This represents a $0.76 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Thursday, March 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 3.80%. 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 133.34%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ALRS will have a dividend payout ratio of 41.53% 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?: Alerus Financial (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. acted as the underwriters for the IPO and Piper Jaffray was co-manager.
Who are Alerus Financial's major shareholders?: Alerus Financial's stock is owned by many different institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.40%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ALRS) was last updated on 4/16/2024 by MarketBeat.com Staff

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Alerus Financial (ALRS) Stock Price, News & Analysis

Alerus Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Alerus Financial Stock (NASDAQ:ALRS)

ALRS Stock Price History

ALRS Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

ALRS Stock Analysis - Frequently Asked Questions

Overall MarketRank^™