Alerus Financial (NASDAQ:ALRS – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.18), Yahoo Finance reports. Alerus Financial had a net margin of 2.39% and a return on equity of 7.25%. The company had revenue of $80.58 million for the quarter, compared to the consensus estimate of $52.30 million. During the same quarter last year, the company earned $0.45 EPS.
Alerus Financial Price Performance
Shares of NASDAQ:ALRS traded down $2.66 during mid-day trading on Wednesday, reaching $21.02. The stock had a trading volume of 44,540 shares, compared to its average volume of 57,858. The company has a market cap of $415.73 million, a P/E ratio of 60.17 and a beta of 0.66. The business’s 50 day moving average price is $22.46 and its 200 day moving average price is $20.91. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. Alerus Financial has a 1 year low of $17.07 and a 1 year high of $25.85.
Alerus Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 13th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.80 dividend on an annualized basis and a yield of 3.81%. Alerus Financial’s dividend payout ratio is currently 228.57%.
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Alerus Financial Company Profile
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.
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