Alerus Financial Corporation (ALRS)
Market Cap | 388.22M |
Revenue (ttm) | 165.19M |
Net Income (ttm) | 9.94M |
Shares Out | 19.78M |
EPS (ttm) | 0.50 |
PE Ratio | 39.18 |
Forward PE | 11.99 |
Dividend | $0.76 (3.86%) |
Ex-Dividend Date | Mar 14, 2024 |
Volume | 45,655 |
Open | 19.91 |
Previous Close | 19.73 |
Day's Range | 19.35 - 20.16 |
52-Week Range | 14.40 - 25.85 |
Beta | 0.66 |
Analysts | Hold |
Price Target | 23.25 (+18.02%) |
Earnings Date | Apr 24, 2024 |
About ALRS
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. It offers various deposit products, including demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, checking accounts, and certificates of deposit; and treasury management products, incl... [Read more]
Financial Performance
In 2023, ALRS's revenue was $166.01 million, a decrease of -21.30% compared to the previous year's $210.95 million. Earnings were $11.70 million, a decrease of -70.76%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for ALRS stock is "Hold." The 12-month stock price forecast is $23.25, which is an increase of 18.02% from the latest price.
News
ALRS Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Alerus Financial Corporation Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Alerus Financial Corporation (NASDAQ: ALRS) and HMN Financial, Inc. is fair to Alerus s...
Alerus Financial Corporation and HMN Financial, Inc. Jointly Announce Strategic Transaction
GRAND FORKS, N.D. & ROCHESTER, Minn.--(BUSINESS WIRE)--Alerus Financial Corporation (“Alerus”) (Nasdaq: ALRS) and HMN Financial, Inc. (“HMNF”) (Nasdaq: HMNF) jointly announced today the signing of a d...
Alerus Financial Corporation Reports First Quarter 2024 Net Income of $6.4 Million
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $6.4 million for the first quarter of 2024, or $0.32 per diluted common share, compare...
Alerus Financial Corporation to Announce First Quarter Financial Results on Wednesday, April 24
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter financial results on Wednesday, April 24, 2024. Alerus Financial Corporation wi...
Alerus Financial Corporation Declares Cash Dividend on Common Shares
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.19 per common share on February 27, 202...
Alerus Financial Corporation Names Forrest Wilson Chief Retirement Services Officer
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) announced today that Forrest Wilson will join Alerus as Executive Vice President and Chief Retirement Services Officer, effect...
Alerus Financial Corporation Announces Fourth Quarter 2023 Results, Including Balance Sheet Repositioning
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net loss of $14.8 million for the fourth quarter of 2023, or ($0.73) per diluted common share, compa...
Alerus Financial Corporation to Announce Fourth Quarter and Full-Year 2023 Financial Results on Wednesday, January 24
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its fourth quarter and full-year 2023 financial results on Wednesday, January 24, 2024. Alerus Fi...
Alerus Financial Corporation Sells $172.3M of Debt Securities and Uses Proceeds to Fund Loan Growth, Cut Borrowings
MINNEAPOLIS--(BUSINESS WIRE)--On December 15, 2023, Alerus Financial Corporation (NASDAQ: ALRS) completed the sale of $172.3 million of available-for-sale securities (“AFS”). The sale resulted in a on...
Alerus Financial Corporation Declares Cash Dividend on Common Shares and Announces New Stock Repurchase Program
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.19 per common share, a 5.56% increase o...
Alerus Financial Corporation Reports Third Quarter 2023 Net Income of $9.2 Million
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $9.2 million for the third quarter of 2023, or $0.45 per diluted common share, compare...
Alerus Financial Corporation to Announce Third Quarter Financial Results on Wednesday, October 25
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its third quarter financial results on Wednesday, October 25, 2023. Alerus Financial Corporation ...
Alerus Financial Corporation Reports Second Quarter 2023 Net Income of $9.1 Million
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $9.1 million for the second quarter of 2023, or $0.45 per diluted common share, compar...
Alerus Financial Corporation to Announce Second Quarter Financial Results on Wednesday, July 26
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its second quarter financial results on Wednesday, July 26, 2023. Alerus Financial Corporation wi...
Alerus Financial Corporation Reports First Quarter 2023 Net Income of $8.2 Million
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $8.2 million for the first quarter of 2023, or $0.40 per diluted common share, compare...
Alerus Financial Corporation to Announce First Quarter Financial Results on Wednesday, April 26
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter financial results on Wednesday, April 26, 2023. Alerus Financial Corporation wi...
Alerus Financial Corporation Reports Fourth Quarter 2022 Net Income of $10.9 Million
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $10.9 million for the fourth quarter of 2022, or $0.53 per diluted common share, compared to net inco...
Alerus Financial Corporation to Announce Fourth Quarter and Full-Year 2022 Financial Results on Wednesday, January 25
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its fourth quarter and full-year 2022 financial results on Wednesday, January 25, 2023.
Alerus Financial Corporation Reports Third Quarter 2022 Net Income of $9.6 Million
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $9.6 million for the third quarter of 2022, or $0.47 per diluted common share, compared to net income o...
Alerus Financial Corporation to Announce Third Quarter 2022 Financial Results on Wednesday, October 26
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its third quarter 2022 financial results on Wednesday, October 26, 2022. Alerus Financial Corpora...
Alerus Financial Corporation Reports Second Quarter 2022 Net Income of $9.3 Million
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $9.3 million for the second quarter of 2022, or $0.52 per diluted common share, compared to net income ...
Alerus Financial Corporation Announces Executive Leadership Changes
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced a number of changes to its executive leadership team as part of its ongoing management success...
Alerus Completes Acquisition of Metro Phoenix Bank
GRAND FORKS, N.D. & PHOENIX--(BUSINESS WIRE)--Alerus Financial Corporation (“Alerus”) (NASDAQ: ALRS) announced today it has completed the previously announced acquisition of MPB BHC, Inc. (OTCPink: MP...
Alerus Financial Corporation to Announce Second Quarter 2022 Financial Results on Wednesday, July 27
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its second quarter 2022 financial results on Wednesday, July 27, 2022. Alerus Financial Cor...
Alerus Financial Corporation Names Jim Collins Chief Banking and Revenue Officer
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that industry veteran Jim Collins will join the Company as Executive Vice President and ...