Alerus Financial (ALRS) Scheduled to Post Earnings on Tuesday

Alerus Financial (NASDAQ:ALRS) will post its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Alerus Financial to post earnings of $0.44 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Alerus Financial (NASDAQ:ALRS) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The business had revenue of $80.39 million for the quarter, compared to the consensus estimate of $49.20 million. Alerus Financial had a net margin of 2.39% and a return on equity of 7.25%. During the same period in the previous year, the company earned $0.45 earnings per share. On average, analysts expect Alerus Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Alerus Financial Trading Down 3.4 %

Shares of NASDAQ:ALRS opened at $23.35 on Tuesday. The company has a market cap of $461.79 million, a P/E ratio of 47.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.86 and a quick ratio of 0.85. Alerus Financial has a 1 year low of $16.80 and a 1 year high of $25.85. The stock’s fifty day moving average price is $22.14 and its 200-day moving average price is $20.76.

Alerus Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 13th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Friday, September 13th. Alerus Financial’s payout ratio is currently 163.27%.

Analysts Set New Price Targets

A number of research firms recently commented on ALRS. Piper Sandler upped their price objective on Alerus Financial from $22.50 to $24.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. DA Davidson upped their price objective on Alerus Financial from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Keefe, Bruyette & Woods upped their price objective on Alerus Financial from $22.00 to $23.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Finally, Raymond James upgraded Alerus Financial from a “market perform” rating to an “outperform” rating and set a $24.00 price objective for the company in a research report on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Alerus Financial has a consensus rating of “Hold” and a consensus target price of $23.40.

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.