Alerus Financial (ALRS) Scheduled to Post Earnings on Wednesday

Alerus Financial (NASDAQ:ALRSGet Free Report) will announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Alerus Financial (NASDAQ:ALRSGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The company had revenue of $46.99 million for the quarter, compared to analysts’ expectations of $45.00 million. Alerus Financial had a return on equity of 8.69% and a net margin of 4.34%. On average, analysts expect Alerus Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Alerus Financial Stock Performance

Shares of ALRS opened at $20.75 on Monday. The company has a market capitalization of $409.56 million, a price-to-earnings ratio of 36.40 and a beta of 0.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.83 and a current ratio of 0.83. Alerus Financial has a 1 year low of $13.11 and a 1 year high of $25.85. The company’s 50 day simple moving average is $21.47 and its 200 day simple moving average is $20.51.

Alerus Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Thursday, March 14th. Alerus Financial’s dividend payout ratio (DPR) is 133.33%.

Wall Street Analyst Weigh In

ALRS has been the topic of several recent research reports. TheStreet lowered shares of Alerus Financial from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th. DA Davidson lifted their price target on Alerus Financial from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th.

Read Our Latest Report on ALRS

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Lazard Asset Management LLC grew its position in shares of Alerus Financial by 71.1% during the 1st quarter. Lazard Asset Management LLC now owns 1,194 shares of the company’s stock valued at $33,000 after buying an additional 496 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Alerus Financial by 68.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,510 shares of the company’s stock worth $34,000 after purchasing an additional 613 shares during the period. Royal Bank of Canada raised its position in shares of Alerus Financial by 248.1% during the 2nd quarter. Royal Bank of Canada now owns 2,994 shares of the company’s stock worth $54,000 after purchasing an additional 2,134 shares during the period. Advisor Group Holdings Inc. lifted its holdings in shares of Alerus Financial by 407.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 3,526 shares of the company’s stock worth $82,000 after purchasing an additional 2,831 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in Alerus Financial by 67.3% during the 2nd quarter. Osaic Holdings Inc. now owns 3,658 shares of the company’s stock valued at $66,000 after purchasing an additional 1,471 shares during the period. 51.25% of the stock is currently owned by institutional investors.

About Alerus Financial

(Get Free Report)

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.

See Also

Earnings History for Alerus Financial (NASDAQ:ALRS)

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