Analysts Offer Predictions for ALRS FY2025 Earnings

Alerus Financial Co. (NASDAQ:ALRS) – Equities researchers at DA Davidson issued their FY2025 earnings estimates for shares of Alerus Financial in a research report issued on Thursday, January 30th. DA Davidson analyst J. Rulis forecasts that the company will post earnings of $2.30 per share for the year. DA Davidson currently has a “Neutral” rating and a $23.00 price target on the stock. The consensus estimate for Alerus Financial’s current full-year earnings is $2.14 per share.

Several other analysts also recently weighed in on ALRS. Keefe, Bruyette & Woods increased their target price on Alerus Financial from $22.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler raised their price objective on shares of Alerus Financial from $21.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, Raymond James reissued an “outperform” rating and issued a $24.00 price target (up from $22.00) on shares of Alerus Financial in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $23.40.

Alerus Financial Stock Up 1.9 %

Alerus Financial stock opened at $21.72 on Monday. The firm has a market cap of $550.38 million, a price-to-earnings ratio of 21.29 and a beta of 0.71. The firm has a fifty day moving average price of $20.40 and a two-hundred day moving average price of $21.48. Alerus Financial has a fifty-two week low of $17.99 and a fifty-two week high of $24.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.85 and a quick ratio of 0.85.

Alerus Financial (NASDAQ:ALRS) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.44 EPS for the quarter, beating 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%.

Institutional Trading of Alerus Financial

Several institutional investors have recently bought and sold shares of ALRS. SG Americas Securities LLC acquired a new stake in shares of Alerus Financial in the 3rd quarter valued at $142,000. New York State Common Retirement Fund boosted its position in Alerus Financial by 41.7% in the fourth quarter. New York State Common Retirement Fund now owns 6,451 shares of the company’s stock valued at $124,000 after buying an additional 1,900 shares in the last quarter. Harbor Advisors LLC bought a new stake in Alerus Financial during the third quarter worth about $226,000. Inspire Investing LLC acquired a new stake in shares of Alerus Financial during the third quarter worth approximately $417,000. Finally, Walleye Capital LLC bought a new position in shares of Alerus Financial in the third quarter valued at approximately $424,000. Institutional investors and hedge funds own 51.25% of the company’s stock.

Alerus Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 27th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date was Friday, December 27th. Alerus Financial’s dividend payout ratio is 78.43%.

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.