Alerus Financial Co. (NASDAQ:ALRS – Get Free Report) has been given a consensus rating of “Hold” by the five brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $23.40.
A number of research analysts recently commented on the stock. Piper Sandler upped their price target on shares of Alerus Financial from $21.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods increased their target price on shares of Alerus Financial from $22.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Raymond James restated an “outperform” rating and set a $24.00 target price (up previously from $22.00) on shares of Alerus Financial in a research report on Thursday, January 30th. Finally, DA Davidson restated a “neutral” rating and set a $23.00 target price on shares of Alerus Financial in a research report on Thursday, January 30th.
Read Our Latest Report on ALRS
Alerus Financial Stock Up 0.3 %
Shares of ALRS opened at $18.29 on Tuesday. Alerus Financial has a 52 week low of $17.95 and a 52 week high of $24.41. The firm has a market cap of $463.43 million, a P/E ratio of 17.93 and a beta of 0.74. The firm’s 50-day simple moving average is $20.20 and its 200 day simple moving average is $21.27. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.85 and a current ratio of 0.85.
Alerus Financial (NASDAQ:ALRS – Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.16. Alerus Financial had a net margin of 6.26% and a return on equity of 7.66%. On average, analysts forecast that Alerus Financial will post 2.14 earnings per share for the current year.
Alerus Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Friday, March 14th. Alerus Financial’s dividend payout ratio (DPR) is presently 78.43%.
Institutional Trading of Alerus Financial
Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in Alerus Financial by 457.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the company’s stock valued at $25,000 after buying an additional 1,048 shares in the last quarter. Legal & General Group Plc boosted its position in Alerus Financial by 32.7% in the fourth quarter. Legal & General Group Plc now owns 2,025 shares of the company’s stock valued at $39,000 after buying an additional 499 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in Alerus Financial by 31.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,349 shares of the company’s stock valued at $45,000 after buying an additional 568 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Alerus Financial in the fourth quarter valued at approximately $56,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of 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 worth $124,000 after purchasing an additional 1,900 shares during the period. 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.
Further Reading
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