Alerus Financial (NASDAQ:ALRS – Free Report) had its price objective boosted by Piper Sandler from $21.00 to $24.00 in a research report report published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.
A number of other equities analysts also recently issued reports on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Alerus Financial from $22.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Raymond James began coverage on shares of Alerus Financial in a research note on Tuesday, January 14th. They set an “outperform” rating and a $22.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Alerus Financial currently has a consensus rating of “Hold” and an average target price of $23.40.
Get Our Latest Analysis on ALRS
Alerus Financial Price Performance
NASDAQ ALRS opened at $21.14 on Thursday. 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 1-year low of $17.99 and a 1-year high of $24.69. The stock has a market capitalization of $535.69 million, a price-to-earnings ratio of 20.73 and a beta of 0.71. The business’s fifty day moving average price is $20.42 and its 200-day moving average price is $21.48.
Alerus Financial (NASDAQ:ALRS – Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $0.44 earnings per share for the quarter, beating 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%. On average, equities analysts predict that Alerus Financial will post 1.96 earnings per share for the current year.
Alerus Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 27th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Friday, December 27th. Alerus Financial’s dividend payout ratio is 78.43%.
Hedge Funds Weigh In On Alerus Financial
Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Alerus Financial by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 274,615 shares of the company’s stock valued at $5,384,000 after acquiring an additional 7,300 shares during the period. Squarepoint Ops LLC raised its stake in Alerus Financial by 191.1% during the 2nd 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. SG Americas Securities LLC purchased a new position in Alerus Financial in the 3rd quarter worth approximately $142,000. Inspire Investing LLC purchased a new position in Alerus Financial in the 3rd quarter worth approximately $417,000. Finally, Sippican Capital Advisors boosted its stake in Alerus Financial by 4.8% in the 3rd quarter. Sippican Capital Advisors now owns 80,525 shares of the company’s stock worth $1,842,000 after purchasing an additional 3,665 shares during the period. Hedge funds and other institutional investors own 51.25% of the company’s stock.
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.
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