What is DA Davidson’s Estimate for ALRS FY2025 Earnings?

Alerus Financial Co. (NASDAQ:ALRS) – Analysts at DA Davidson issued their FY2025 EPS estimates for Alerus Financial in a report released on Thursday, January 30th. DA Davidson analyst J. Rulis expects that the company will post earnings of $2.30 per share for the year. DA Davidson has a “Neutral” rating and a $23.00 price objective on the stock. The consensus estimate for Alerus Financial’s current full-year earnings is $1.96 per share.

ALRS has been the topic of a number of other research reports. Piper Sandler upped their target price on shares of Alerus Financial from $21.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday. Keefe, Bruyette & Woods upped 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. Finally, Raymond James restated an “outperform” rating and issued a $24.00 price objective (up from $22.00) on shares of Alerus Financial in a report on Thursday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Alerus Financial presently has a consensus rating of “Hold” and a consensus target price of $23.40.

Alerus Financial Stock Performance

NASDAQ:ALRS opened at $21.14 on Monday. The firm’s 50-day moving average is $20.42 and its 200-day moving average is $21.48. Alerus Financial has a 52-week low of $17.99 and a 52-week high of $24.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $535.69 million, a price-to-earnings ratio of 20.73 and a beta of 0.71.

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

Hedge Funds Weigh In On Alerus Financial

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Alerus Financial by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 274,615 shares of the company’s stock worth $5,384,000 after purchasing an additional 7,300 shares during the period. Squarepoint Ops LLC boosted its position in Alerus Financial by 191.1% during the second quarter. Squarepoint Ops LLC now owns 46,839 shares of the company’s stock worth $919,000 after purchasing an additional 30,750 shares during the period. SG Americas Securities LLC bought a new position in shares of Alerus Financial in the third quarter valued at approximately $142,000. Inspire Investing LLC purchased a new position in shares of Alerus Financial during the third quarter worth approximately $417,000. Finally, Sippican Capital Advisors increased its stake in shares of Alerus Financial by 4.8% in the third quarter. Sippican Capital Advisors now owns 80,525 shares of the company’s stock worth $1,842,000 after buying an additional 3,665 shares during the period. 51.25% of the stock is owned by institutional investors.

Alerus Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 27th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Friday, December 27th. Alerus Financial’s dividend payout ratio is 78.43%.

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.