39,225 Shares in Alerus Financial $ALRS Acquired by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in shares of Alerus Financial (NASDAQ:ALRS) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 39,225 shares of the company’s stock, valued at approximately $1,220,000.

Several other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in Alerus Financial in the first quarter worth $1,195,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Alerus Financial by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,420 shares of the company’s stock valued at $248,000 after buying an additional 546 shares during the period. Jane Street Group LLC acquired a new position in shares of Alerus Financial in the 1st quarter valued at $441,000. Cetera Investment Advisers increased its position in shares of Alerus Financial by 29.7% in the 2nd quarter. Cetera Investment Advisers now owns 28,720 shares of the company’s stock valued at $622,000 after buying an additional 6,575 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Alerus Financial by 3.4% in the 2nd quarter. Rhumbline Advisers now owns 32,263 shares of the company’s stock valued at $698,000 after buying an additional 1,072 shares in the last quarter. Institutional investors own 51.25% of the company’s stock.

Alerus Financial Stock Up 0.5%

NASDAQ:ALRS opened at $33.23 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.90. The company has a market cap of $827.43 million, a PE ratio of 31.35 and a beta of 0.68. Alerus Financial has a 52-week low of $20.31 and a 52-week high of $34.40. The stock has a 50-day simple moving average of $32.19 and a 200 day simple moving average of $28.12.

Alerus Financial (NASDAQ:ALRS) last announced its earnings results on Wednesday, July 29th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Alerus Financial had a return on equity of 14.41% and a net margin of 6.87%.The business had revenue of $80.00 million for the quarter, compared to analyst estimates of $76.99 million. On average, sell-side analysts expect that Alerus Financial will post 3.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on ALRS shares. Wall Street Zen lowered Alerus Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Keefe, Bruyette & Woods lifted their price objective on Alerus Financial from $29.00 to $32.00 and gave the company a “market perform” rating in a report on Friday, July 31st. Raymond James Financial reiterated an “outperform” rating and issued a $37.00 price objective on shares of Alerus Financial in a research report on Monday, August 3rd. DA Davidson set a $36.00 target price on shares of Alerus Financial in a report on Friday, July 31st. Finally, Zacks Research cut shares of Alerus Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.50.

Alerus Financial Company Profile

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.