Equities Analysts Set Expectations for ALRS FY2025 Earnings

Alerus Financial Co. (NASDAQ:ALRS) – Stock analysts at DA Davidson reduced their FY2025 earnings per share estimates for shares of Alerus Financial in a report issued on Thursday, December 19th. DA Davidson analyst J. Rulis now anticipates that the company will post earnings per share of $1.87 for the year, down from their prior estimate of $1.90. The consensus estimate for Alerus Financial’s current full-year earnings is $0.97 per share.

Alerus Financial (NASDAQ:ALRS) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.18). Alerus Financial had a return on equity of 6.02% and a net margin of 1.01%. The company had revenue of $80.58 million during the quarter, compared to the consensus estimate of $52.30 million. During the same period in the previous year, the firm posted $0.45 earnings per share.

ALRS has been the topic of several other reports. Keefe, Bruyette & Woods upped their target price on Alerus Financial from $22.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler reduced 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 report on Thursday, October 31st. Finally, Raymond James raised shares of Alerus Financial from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.20.

Alerus Financial Stock Down 2.0 %

Shares of ALRS stock opened at $19.82 on Friday. The company has a market cap of $502.20 million, a price-to-earnings ratio of 123.88 and a beta of 0.69. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s fifty day moving average price is $22.24 and its 200 day moving average price is $21.35. Alerus Financial has a 1-year low of $18.09 and a 1-year high of $25.85.

Institutional Trading of Alerus Financial

Several institutional investors have recently bought and sold shares of ALRS. Federated Hermes Inc. raised its position in shares of Alerus Financial by 380.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,519 shares of the company’s stock worth $30,000 after purchasing an additional 1,203 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Alerus Financial by 5.1% in the third quarter. Empowered Funds LLC now owns 46,937 shares of the company’s stock valued at $1,074,000 after acquiring an additional 2,278 shares in the last quarter. State Street Corp boosted its stake in shares of Alerus Financial by 1.0% in the third quarter. State Street Corp now owns 351,775 shares of the company’s stock worth $8,118,000 after acquiring an additional 3,623 shares during the last quarter. Sippican Capital Advisors increased its position in shares of Alerus Financial by 4.8% during the third quarter. Sippican Capital Advisors now owns 80,525 shares of the company’s stock worth $1,842,000 after purchasing an additional 3,665 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Alerus Financial by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 149,280 shares of the company’s stock valued at $3,416,000 after purchasing an additional 5,184 shares during the last quarter. 51.25% of the stock is owned by institutional investors and hedge funds.

Alerus Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 27th will be given a $0.20 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.04%. Alerus Financial’s dividend payout ratio (DPR) is currently 500.00%.

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.