Alerus Financial Co. (NASDAQ:ALRS – Get Free Report) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 218,800 shares, an increase of 13.8% from the December 15th total of 192,300 shares. Based on an average daily trading volume, of 101,000 shares, the short-interest ratio is currently 2.2 days.
Alerus Financial Stock Performance
NASDAQ:ALRS opened at $19.62 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s fifty day moving average is $20.80 and its 200 day moving average is $21.46. The firm has a market capitalization of $497.17 million, a PE ratio of 122.63 and a beta of 0.71. Alerus Financial has a fifty-two week low of $17.99 and a fifty-two week high of $25.85.
Alerus Financial (NASDAQ:ALRS – Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.18). Alerus Financial had a net margin of 1.01% and a return on equity of 6.02%. The firm had revenue of $80.58 million during the quarter, compared to analysts’ expectations of $52.30 million. During the same period in the prior year, the company posted $0.45 EPS. On average, sell-side analysts anticipate that Alerus Financial will post 0.92 earnings per share for the current year.
Alerus Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 27th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend was Friday, December 27th. Alerus Financial’s payout ratio is currently 500.03%.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of ALRS. Federated Hermes Inc. lifted its stake in shares of Alerus Financial by 380.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,519 shares of the company’s stock worth $30,000 after acquiring an additional 1,203 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Alerus Financial by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 274,615 shares of the company’s stock worth $5,384,000 after purchasing an additional 7,300 shares during the period. Hsbc Holdings PLC lifted its position in shares of Alerus Financial by 58.8% during the second quarter. Hsbc Holdings PLC now owns 38,564 shares of the company’s stock worth $727,000 after purchasing an additional 14,273 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Alerus Financial by 191.1% during the second quarter. Squarepoint Ops LLC now owns 46,839 shares of the company’s stock valued at $919,000 after purchasing an additional 30,750 shares during the period. Finally, Endeavour Capital Advisors Inc. grew its holdings in shares of Alerus Financial by 34.0% in the second quarter. Endeavour Capital Advisors Inc. now owns 288,876 shares of the company’s stock worth $5,665,000 after purchasing an additional 73,342 shares during the last quarter. Hedge funds and other institutional investors own 51.25% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on ALRS shares. Keefe, Bruyette & Woods increased their target price on Alerus Financial from $22.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler dropped their price objective on shares of Alerus Financial from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Raymond James began coverage on shares of Alerus Financial in a report on Tuesday, January 14th. They issued an “outperform” rating and a $22.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.80.
Read Our Latest Research Report on Alerus Financial
About Alerus Financial
(Get Free Report)
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.
Read More
Receive News & Ratings for Alerus Financial Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alerus Financial and related companies with MarketBeat.com’s FREE daily email newsletter.
