Brokers Offer Predictions for ALRS Q1 Earnings

Alerus Financial Co. (NASDAQ:ALRS) – Investment analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of Alerus Financial in a research note issued on Thursday, January 30th. DA Davidson analyst J. Rulis expects that the company will earn $0.44 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $23.00 target price on the stock. The consensus estimate for Alerus Financial’s current full-year earnings is $1.96 per share.

Alerus Financial (NASDAQ:ALRS) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.16. Alerus Financial had a return on equity of 7.66% and a net margin of 6.26%.

Several other research analysts have also weighed in on ALRS. Raymond James reaffirmed an “outperform” rating and set a $24.00 target price (up previously from $22.00) on shares of Alerus Financial in a research note on Thursday. Piper Sandler upped their price objective on shares of Alerus Financial from $21.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Alerus Financial from $22.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $23.40.

Alerus Financial Stock Performance

NASDAQ ALRS opened at $21.14 on Friday. The stock has a fifty day simple moving average of $20.42 and a 200-day simple moving average of $21.48. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.15. The stock has a market cap of $535.69 million, a PE ratio of 20.73 and a beta of 0.71. Alerus Financial has a twelve month low of $17.99 and a twelve month high of $24.69.

Alerus Financial Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Friday, December 27th. Alerus Financial’s dividend payout ratio (DPR) is currently 78.43%.

Institutional Investors Weigh In On Alerus Financial

A number of hedge funds have recently added to or reduced their stakes in the business. Stieven Capital Advisors L.P. purchased a new stake in shares of Alerus Financial during the third quarter worth $5,966,000. Grace & White Inc. NY acquired a new position in Alerus Financial during the 4th quarter worth $4,930,000. Choreo LLC purchased a new stake in Alerus Financial during the 4th quarter worth about $2,620,000. Empowered Funds LLC raised its position in Alerus Financial by 70.8% in the 4th quarter. Empowered Funds LLC now owns 80,184 shares of the company’s stock valued at $1,543,000 after purchasing an additional 33,247 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of Alerus Financial by 191.1% in the 2nd quarter. Squarepoint Ops LLC now owns 46,839 shares of the company’s stock valued at $919,000 after buying an additional 30,750 shares during the period. 51.25% of the stock is currently owned by institutional investors and hedge funds.

About Alerus Financial

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.