Alerus Financial (NASDAQ:ALRS – Get Free Report) has received a consensus rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $25.6250.
ALRS has been the topic of several recent analyst reports. Wall Street Zen cut shares of Alerus Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Keefe, Bruyette & Woods lifted their target price on shares of Alerus Financial from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 29th. Piper Sandler lifted their target price on shares of Alerus Financial from $24.00 to $25.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. DA Davidson lifted their target price on shares of Alerus Financial from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Finally, Raymond James Financial reissued an “outperform” rating and set a $27.00 target price (up previously from $24.00) on shares of Alerus Financial in a research report on Tuesday, July 29th.
Check Out Our Latest Stock Analysis on ALRS
Hedge Funds Weigh In On Alerus Financial
Several hedge funds have recently modified their holdings of ALRS. Thompson Investment Management Inc. purchased a new stake in shares of Alerus Financial during the 2nd quarter worth approximately $32,000. NewEdge Advisors LLC increased its stake in shares of Alerus Financial by 90.1% during the 2nd quarter. NewEdge Advisors LLC now owns 1,544 shares of the company’s stock worth $33,000 after purchasing an additional 732 shares during the last quarter. State of Wyoming purchased a new stake in shares of Alerus Financial during the 1st quarter worth approximately $49,000. Tower Research Capital LLC TRC increased its stake in shares of Alerus Financial by 172.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,371 shares of the company’s stock worth $73,000 after purchasing an additional 2,135 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Alerus Financial by 259.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,350 shares of the company’s stock worth $94,000 after purchasing an additional 3,139 shares during the last quarter. Institutional investors own 51.25% of the company’s stock.
Alerus Financial Price Performance
ALRS stock opened at $22.02 on Friday. The company has a market capitalization of $559.31 million, a P/E ratio of 13.03 and a beta of 0.70. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.87 and a current ratio of 0.88. Alerus Financial has a 52-week low of $15.78 and a 52-week high of $24.41. The business has a 50-day simple moving average of $22.11 and a two-hundred day simple moving average of $20.92.
Alerus Financial (NASDAQ:ALRS – Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.16. The business had revenue of $74.80 million during the quarter, compared to the consensus estimate of $69.96 million. Alerus Financial had a return on equity of 10.21% and a net margin of 11.06%. Research analysts expect that Alerus Financial will post 2.14 EPS for the current fiscal year.
Alerus Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.84 annualized dividend and a dividend yield of 3.8%. Alerus Financial’s dividend payout ratio (DPR) is currently 49.70%.
Alerus Financial Company Profile
(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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