Alerus Financial Corporation (ALRS)
| Market Cap | 500.60M |
| Revenue (ttm) | 244.78M |
| Net Income (ttm) | 54.75M |
| Shares Out | 17.19M |
| EPS (ttm) | 3.09 |
| PE Ratio | 9.42 |
| Forward PE | n/a |
| Dividend | $0.61 (2.10%) |
| Ex-Dividend Date | Sep 16, 2021 |
| Volume | 85,070 |
| Open | 27.99 |
| Previous Close | 27.84 |
| Day's Range | 27.20 - 29.10 |
| 52-Week Range | 17.51 - 34.33 |
| Beta | 0.78 |
| Analysts | Hold |
| Price Target | 31.00 (+6.5%) |
| Est. Earnings Date | Oct 28, 2021 |
About ALRS
Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial services to businesses and consumers. The company operates through four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. It offers various deposit products, including demand deposits, checking accounts, interest-bearing transaction accounts, money market accounts, time and savings deposits, and certificates of deposit; and treasury management products, including electronic receivables manag...
Financial Performance
In 2020, ALRS's revenue was $222.32 million, an increase of 22.53% compared to the previous year's $181.43 million. Earnings were $44.68 million, an increase of 51.24%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for ALRS stock is "Hold." The 12-month stock price forecast is 31.00, which is an increase of 6.53% from the latest price.
News
Alerus Performance Earns Spot Among Top 10 Banks in U.S.
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus is pleased to announce Bank Director magazine has named it the #9 overall performing bank out of the 300 largest publicly traded U.S. banks. Bank Director's an...
Alerus (ALRS) Surpasses Q2 Earnings and Revenue Estimates
Alerus (ALRS) delivered earnings and revenue surprises of 17.86% and 4.78%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Alerus Financial Corporation Reports Second Quarter 2021 Net Income of $11.7 Million
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $11.7 million for the second quarter of 2021, or $0.66 per diluted common share, compared to net in...
Alerus Financial Corporation Declares Cash Dividend on Common Shares
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.16 per common share, a 6.7 percent ...
Earnings Preview: Alerus (ALRS) Q2 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.
Alerus Financial Corporation to Announce Second Quarter 2021 Financial Results on Wednesday, July 28
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its second quarter 2021 financial results after market close on Wednesday, July 28, 2021. Ale...
Alerus (ALRS) Moves 5.4% Higher: Will This Strength Last?
Alerus (ALRS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Alerus Expands SBA Lending Strength with Addition of 5 Specialists
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) is pleased to announce it is strengthening its U.S. Small Business Administration lending capabilities with the addition of an e...
Alerus (ALRS) Surges 6.6%: Is This an Indication of Further Gains?
Alerus (ALRS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Alerus Financial (ALRS) Hikes Dividend: Is It Worth Buying?
Alerus Financial (ALRS) announces a dividend hike of 6.7% to 16 cents per share. Should one invest in the stock to earn this dividend income?
Alerus Financial Corporation Declares Cash Dividend on Common Shares
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.16 per common share, a 6.7 percent ...
Alerus Financial (ALRS) Sees Hammer Chart Pattern: Time to Buy?
Alerus Financial (ALRS) has been struggling lately, but the selling pressure may be coming to an end soon
Alerus (ALRS) Q1 Earnings and Revenues Surpass Estimates
Alerus (ALRS) delivered earnings and revenue surprises of 36.51% and 10.15%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Alerus Financial Corporation Reports First Quarter 2021 Net Income of $15.2 Million
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $15.2 million for the first quarter of 2021, or $0.86 per diluted common share, compared to net inc...
Raymond James Ranks Alerus Among Top 10% of Community Banks
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) is pleased to announce it has received the Raymond James Community Bankers Cup award for 2020. Now in its ninth year, this...
Alerus (ALRS) Upgraded to Buy: What Does It Mean for the Stock?
Alerus (ALRS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Alerus Financial Corporation to Announce First Quarter 2021 Financial Results on Wednesday, April 28
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter 2021 financial results on Wednesday, April 28, 2021. Alerus Financial Corpo...
Alerus Financial Corporation Announces Private Placement of a $50 Million Subordinated Note Due 2031
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it has completed the private placement of a $50 million Subordinated Note due 2031 (the “Note”) with The Ba...
Alerus Financial Corporation Declares Dividend and Announces Stock Repurchase Program
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.15 per common share. The dividend i...
Alerus Financial's (ALRS) CEO Randy Newman on Q4 2020 Results - Earnings Call Transcript
Alerus Financial's (ALRS) CEO Randy Newman on Q4 2020 Results - Earnings Call Transcript
Alerus (ALRS) Q4 Earnings Miss Estimates
Alerus (ALRS) delivered earnings and revenue surprises of -8.07% and 11.82%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
Alerus Financial Corporation Reports Fourth Quarter 2020 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 fourth quarter of 2020, or $0.57 per diluted common share, compared to net in...
Alerus Financial Corporation to Announce Fourth Quarter and Full-Year 2020 Financial Results on Thursday, January 28
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its fourth quarter and full-year 2020 financial results after market close on Wednesday, Janu...
Top Ranked Momentum Stocks to Buy for December 22nd
Top Ranked Momentum Stocks to Buy for December 22nd
Alerus Acquires Retirement Planning Services, Inc.
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (“Alerus”) (NASDAQ: ALRS), announced today it has completed its previously announced acquisition of Retirement Planning Services, Inc. (“...