Investment Analysts’ Weekly Ratings Updates for Alerus Financial (ALRS)

A number of firms have modified their ratings and price targets on shares of Alerus Financial (NASDAQ: ALRS) recently:

• 8/3/2026 – Alerus Financial had its “buy (b-)” rating reaffirmed by Weiss Ratings.
• 8/3/2026 – Alerus Financial had its “outperform” rating reaffirmed by Raymond James Financial, Inc.. They now have a $37.00 price target on the stock.
• 8/1/2026 – Alerus Financial was downgraded by Wall Street Zen from “buy” to “hold”.
• 7/31/2026 – Alerus Financial was given a new $36.00 price target by DA Davidson.
• 7/31/2026 – Alerus Financial had its price target raised by Piper Sandler from $32.00 to $37.00. They now have a “neutral” rating on the stock.
• 7/31/2026 – Alerus Financial had its price target raised by Keefe, Bruyette & Woods from $29.00 to $32.00. They now have a “market perform” rating on the stock.
• 7/9/2026 – Alerus Financial is now covered by Raymond James Financial, Inc.. They set an “outperform” rating and a $34.00 price target on the stock.
• 7/9/2026 – Alerus Financial is now covered by Raymond James Financial, Inc.. They set an “outperform” rating and a $34.00 price target on the stock.
• 7/9/2026 – Alerus Financial is now covered by Raymond James Financial, Inc.. They set an “outperform” rating and a $34.00 price target on the stock.
• 6/26/2026 – Alerus Financial had its price target raised by Piper Sandler from $28.50 to $32.00. They now have a “neutral” rating on the stock.

Alerus Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.6%. This is a boost from Alerus Financial’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, June 26th. Alerus Financial’s dividend payout ratio is currently 83.02%.

Alerus Financial Corporation (NASDAQ: ALRS) is a diversified financial services company headquartered in Grand Forks, North Dakota. The firm provides a full range of commercial and consumer banking products, including deposit accounts, lending solutions and treasury management services for individuals, small businesses and larger corporate clients. Through its community banking network, Alerus emphasizes local decision-making and personalized service to meet the needs of its varied client base.

In addition to traditional banking offerings, Alerus operates a national mortgage origination and servicing platform that delivers home purchase and refinance loans.