Alerus Financial Co. (NASDAQ:ALRS) Expected to Post Earnings of $0.53 Per Share

Equities research analysts expect that Alerus Financial Co. (NASDAQ:ALRS) will report earnings per share of $0.53 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Alerus Financial’s earnings. The highest EPS estimate is $0.54 and the lowest is $0.53. Alerus Financial reported earnings of $0.57 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 7%. The business is scheduled to report its next quarterly earnings report after the market closes on Wednesday, January 26th.

According to Zacks, analysts expect that Alerus Financial will report full year earnings of $2.80 per share for the current year, with EPS estimates ranging from $2.79 to $2.82. For the next financial year, analysts forecast that the company will report earnings of $2.15 per share, with EPS estimates ranging from $2.05 to $2.20. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Alerus Financial.

Alerus Financial (NASDAQ:ALRS) last released its earnings results on Tuesday, October 26th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.24. Alerus Financial had a return on equity of 14.78% and a net margin of 20.39%. The company had revenue of $57.17 million during the quarter, compared to the consensus estimate of $53.16 million. During the same quarter last year, the company earned $0.99 earnings per share.

Separately, Zacks Investment Research upgraded Alerus Financial from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Tuesday, January 4th.

Shares of ALRS stock traded up $0.02 during mid-day trading on Friday, reaching $29.58. The stock had a trading volume of 252 shares, compared to its average volume of 38,960. Alerus Financial has a 12-month low of $24.06 and a 12-month high of $38.31. The company has a market cap of $509.07 million, a P/E ratio of 10.45 and a beta of 0.77. The business has a 50-day simple moving average of $31.03 and a 200 day simple moving average of $30.03. The company has a current ratio of 0.72, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 14th. Stockholders of record on Friday, December 24th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Wednesday, December 22nd. Alerus Financial’s dividend payout ratio is currently 22.61%.

A number of institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in Alerus Financial by 4.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 99,895 shares of the company’s stock worth $2,985,000 after purchasing an additional 4,142 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in Alerus Financial during the 3rd quarter worth about $371,000. Two Sigma Investments LP purchased a new stake in Alerus Financial during the 3rd quarter worth about $304,000. Royal Bank of Canada increased its position in Alerus Financial by 132.3% during the 3rd quarter. Royal Bank of Canada now owns 2,472 shares of the company’s stock worth $74,000 after purchasing an additional 1,408 shares in the last quarter. Finally, Invesco Ltd. increased its position in Alerus Financial by 11.2% during the 3rd quarter. Invesco Ltd. now owns 15,070 shares of the company’s stock worth $451,000 after purchasing an additional 1,513 shares in the last quarter. Hedge funds and other institutional investors own 37.01% of the company’s stock.

Alerus Financial Company Profile

Alerus Financial Corp. engages in the provision of business and consumer financial products and services through its subsidiary, Alerus Financial NA. It operates through the following segments: Banking, Retirement & Benefit Services, Wealth Management, Mortgage, and Corporate Administration. The Banking segment provides lending and deposit products.

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