Alerus Financial Co. (NASDAQ:ALRS) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in Alerus Financial Co. (NASDAQ:ALRS) by 41.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,812 shares of the company’s stock after purchasing an additional 2,590 shares during the quarter. SG Americas Securities LLC’s holdings in Alerus Financial were worth $170,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Harbor Advisors LLC acquired a new stake in Alerus Financial during the 3rd quarter valued at $226,000. Inspire Investing LLC acquired a new stake in shares of Alerus Financial during the third quarter valued at $417,000. Walleye Capital LLC purchased a new stake in Alerus Financial during the 3rd quarter worth about $424,000. Foundry Partners LLC acquired a new position in Alerus Financial in the 3rd quarter valued at about $530,000. Finally, JPMorgan Chase & Co. lifted its holdings in Alerus Financial by 207.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 24,214 shares of the company’s stock valued at $554,000 after purchasing an additional 16,336 shares in the last quarter. 51.25% of the stock is owned by hedge funds and other institutional investors.

Alerus Financial Stock Performance

NASDAQ:ALRS opened at $21.62 on Monday. The company has a market cap of $547.85 million, a P/E ratio of 21.20 and a beta of 0.71. The firm’s 50 day moving average is $20.39 and its two-hundred day moving average is $21.47. Alerus Financial Co. has a fifty-two week low of $17.99 and a fifty-two week high of $24.41. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.15.

Alerus Financial (NASDAQ:ALRS) last issued its earnings results 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%. Analysts expect that Alerus Financial Co. will post 2.14 EPS for the current year.

Alerus Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 27th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Friday, December 27th. Alerus Financial’s payout ratio is currently 78.43%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ALRS shares. Raymond James reiterated an “outperform” rating and set a $24.00 price target (up from $22.00) on shares of Alerus Financial in a report on Thursday, January 30th. Keefe, Bruyette & Woods lifted 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 note on Wednesday, December 4th. DA Davidson reissued a “neutral” rating and set a $23.00 price target on shares of Alerus Financial in a research note on Thursday, January 30th. Finally, Piper Sandler lifted their price objective on Alerus Financial from $21.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $23.40.

Alerus Financial 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.