Alerus Financial (ALRS) Projected to Post Quarterly Earnings on Wednesday

Alerus Financial (NASDAQ:ALRS) is expected to be posting its quarterly earnings results before the market opens on Wednesday, January 22nd. Analysts expect Alerus Financial to post earnings of $0.28 per share and revenue of $63,090.00 billion for the quarter.

Alerus Financial (NASDAQ:ALRS) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.18). The business had revenue of $80.58 million during the quarter, compared to the consensus estimate of $52.30 million. Alerus Financial had a return on equity of 6.02% and a net margin of 1.01%. During the same period in the prior year, the firm earned $0.45 EPS. 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 Stock Up 1.2 %

Alerus Financial stock opened at $19.62 on Monday. The company has a fifty day simple moving average of $20.80 and a 200 day simple moving average of $21.46. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.15. Alerus Financial has a 1-year low of $17.99 and a 1-year high of $25.85. The company has a market cap of $497.17 million, a P/E ratio of 122.63 and a beta of 0.71.

Alerus Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 27th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend was Friday, December 27th. Alerus Financial’s dividend payout ratio is currently 500.03%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ALRS shares. Keefe, Bruyette & Woods raised their price target on Alerus Financial from $22.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Raymond James initiated coverage on shares of Alerus Financial in a report on Tuesday, January 14th. They set an “outperform” rating and a $22.00 target price on the stock. Finally, Piper Sandler cut their price target 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Alerus Financial currently has an average rating of “Hold” and an average price target of $22.80.

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.