Alerus Financial Corporation (ALRS)

NASDAQ: ALRS · IEX Real-Time Price · USD
23.46
-0.19 (-0.80%)
Nov 25, 2022 1:00 PM EDT - Market closed
-0.8%
Market Cap 472.70M
Revenue (ttm) 216.48M
Net Income (ttm) 41.80M
Shares Out 19.99M
EPS (ttm) 2.27
PE Ratio 10.33
Forward PE n/a
Dividend $0.68 (2.90%)
Ex-Dividend Date Dec 22, 2022
Volume 3,160
Open 23.77
Previous Close 23.65
Day's Range 23.46 - 23.8
52-Week Range 20.2 - 33.22
Beta 0.70
Analysts Buy
Price Target 25.50 (+8.7%)
Earnings Date Oct 27, 2022

About ALRS

Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial services to businesses and consumers. The company operates in four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. 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, including electronic receivables management... [Read more]

Industry Diversified Financial Services
IPO Date Sep 13, 2019
Employees 779
Stock Exchange NASDAQ
Ticker Symbol ALRS
Full Company Profile

Financial Performance

In 2021, ALRS's revenue was $237.99 million, an increase of 7.05% compared to the previous year's $222.32 million. Earnings were $52.68 million, an increase of 17.92%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for ALRS stock is "Buy." The 12-month stock price forecast is 25.5, which is an increase of 8.70% from the latest price.

Price Target
$25.5
(8.70% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 $0.18 per common share, a 12.5% increase ove...

3 weeks ago - Business Wire

Alerus (ALRS) Misses Q3 Earnings and Revenue Estimates

Alerus (ALRS) delivered earnings and revenue surprises of -5.26% and 1.90%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

4 weeks ago - Zacks Investment Research

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 of ...

4 weeks ago - Business Wire

Analysts Estimate Alerus (ALRS) to Report a Decline in Earnings: What to Look Out for

Alerus (ALRS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

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 Corporati...

1 month ago - Business Wire

Alerus (ALRS) Q2 Earnings and Revenues Miss Estimates

Alerus (ALRS) delivered earnings and revenue surprises of -6.56% and 1.70%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

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 of...

3 months ago - Business Wire

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 successio...

4 months ago - Business Wire

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: MPHX...

4 months ago - Business Wire

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 Corpo...

4 months ago - Business Wire

Are Investors Undervaluing Alerus Financial (ALRS) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

5 months ago - Zacks Investment Research

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 Ch...

5 months ago - Business Wire

Is Alerus Financial (ALRS) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

5 months ago - Zacks Investment Research

Alerus Financial Corporation Announces Appointment of New Chairman

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced that, effective May 10, 2022, Dan Coughlin was appointed by the Board of Directors to serve as C...

6 months ago - Business Wire

Is Alerus Financial (ALRS) a Great Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

6 months ago - Zacks Investment Research

Alerus (ALRS) Beats Q1 Earnings Estimates

Alerus (ALRS) delivered earnings and revenue surprises of 5.56% and 5.58%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Alerus Financial Corporation Reports First Quarter 2022 Net Income of $10.2 Million

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $10.2 million for the first quarter of 2022, or $0.57 per diluted common share, compared to net inc...

6 months ago - Business Wire

Alerus Financial Corporation to Announce First Quarter 2022 Financial Results on Wednesday, April 27

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter 2022 financial results on Wednesday, April 27, 2022. Alerus Financial Corpo...

7 months ago - Business Wire

Earnings Estimates Rising for Alerus (ALRS): Will It Gain?

Alerus (ALRS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

9 months ago - Zacks Investment Research

Alerus Financial Corporation Names New Chief Financial Officer and Chief Accounting Officer

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that Alan “Al” Villalon has been named Chief Financial Officer and Executive Vice Presiden...

9 months ago - Business Wire

Alerus (ALRS) Q4 Earnings and Revenues Beat Estimates

Alerus (ALRS) delivered earnings and revenue surprises of 35.85% and 4.92%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

9 months ago - Zacks Investment Research

Alerus Financial Corporation Reports Fourth Quarter 2021 Net Income of $12.7 Million and Record Annual Net Income of ...

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $12.7 million for the fourth quarter of 2021, or $0.72 per diluted common share, compared to net in...

9 months ago - Business Wire

Earnings Preview: Alerus (ALRS) Q4 Earnings Expected to Decline

Alerus (ALRS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

10 months ago - Zacks Investment Research

Alerus Financial Corporation to Announce Fourth Quarter and Full-Year 2021 Financial Results on Wednesday, January 26

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its fourth quarter and full-year 2021 financial results after market close on Wednesday, Janu...

10 months ago - Business Wire

MPB BHC, INC., The Holding Company For Metro Phoenix Bank, Enters Into A Merger Agreement With Alerus Financial Corpo...

PHOENIX, Dec. 8, 2021 /PRNewswire/ -- MPB BHC, INC. ("MPB") (OTCPink:MPHX), the holding company for Metro Phoenix Bank, announced today the signing of a merger agreement with Alerus Financial Corporatio...

11 months ago - PRNewsWire