Brokers Issue Forecasts for ALRS FY2025 Earnings

Alerus Financial Co. (NASDAQ:ALRS) – Equities research analysts at DA Davidson issued their FY2025 earnings per share estimates for shares of Alerus Financial in a research note issued on Thursday, January 30th. DA Davidson analyst J. Rulis forecasts that the company will post earnings of $2.30 per share for the year. DA Davidson has a “Neutral” rating and a $23.00 price objective on the stock. The consensus estimate for Alerus Financial’s current full-year earnings is $2.14 per share.

Alerus Financial (NASDAQ:ALRS) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.16. Alerus Financial had a return on equity of 7.66% and a net margin of 6.26%.

A number of other equities analysts have also recently issued reports on ALRS. Piper Sandler raised their target price on shares of Alerus Financial from $21.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Raymond James restated an “outperform” rating and set a $24.00 price objective (up from $22.00) on shares of Alerus Financial in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods raised their target price on Alerus Financial from $22.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Alerus Financial has an average rating of “Hold” and an average target price of $23.40.

Alerus Financial Stock Performance

Alerus Financial stock opened at $21.72 on Monday. The company has a fifty day moving average price of $20.40 and a two-hundred day moving average price of $21.48. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.85 and a quick ratio of 0.85. Alerus Financial has a 12 month low of $17.99 and a 12 month high of $24.41. The company has a market cap of $550.38 million, a PE ratio of 21.29 and a beta of 0.71.

Institutional Trading of Alerus Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in shares of Alerus Financial during the 3rd quarter valued at $142,000. New York State Common Retirement Fund raised its position in Alerus Financial by 41.7% during the fourth quarter. New York State Common Retirement Fund now owns 6,451 shares of the company’s stock valued at $124,000 after buying an additional 1,900 shares during the period. Harbor Advisors LLC acquired a new stake in Alerus Financial during the 3rd quarter worth about $226,000. Inspire Investing LLC purchased a new position in Alerus Financial during the third quarter valued at approximately $417,000. Finally, Walleye Capital LLC acquired a new position in Alerus Financial in the 3rd quarter valued at approximately $424,000. 51.25% of the stock is currently owned by institutional investors.

Alerus Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 27th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend was Friday, December 27th. Alerus Financial’s dividend payout ratio (DPR) is presently 78.43%.

About Alerus Financial

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.