Alerus Financial Corporation (ALRS)

NASDAQ: ALRS · IEX Real-Time Price · USD
28.36 -0.23 (-0.80%)
Jan 25, 2022 4:00 PM EST - Market closed
Market Cap488.02M
Revenue (ttm)240.43M
Net Income (ttm)50.16M
Shares Out17.21M
EPS (ttm)2.84
PE Ratio9.99
Forward PEn/a
Dividend$0.63 (2.22%)
Ex-Dividend DateMar 17, 2022
Volume14,264
Open28.01
Previous Close28.59
Day's Range27.66 - 28.72
52-Week Range24.06 - 38.31
Beta0.75
AnalystsHold
Price Target32.50 (+14.6%)
Earnings DateJan 26, 2022

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...

IndustryDiversified Financial Services
IPO DateSep 13, 2019
Employees825
Stock ExchangeNASDAQ
Ticker SymbolALRS
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for ALRS stock is "Hold." The 12-month stock price forecast is 32.50, which is an increase of 14.60% from the latest price.

Price Target
$32.50
(14.60% upside)
Analyst Consensus: Hold

News

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% increas...

6 days 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.

6 days 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...

3 weeks 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...

1 month ago - PRNewsWire

Alerus Announces Acquisition of Metro Phoenix Bank

GRAND FORKS, N.D. & PHOENIX--(BUSINESS WIRE)--Alerus Financial Corporation (“Alerus”) (NASDAQ: ALRS) announced today the signing of a definitive agreement and plan of merger to acquire MPB BHC, Inc. (“M...

1 month ago - Business Wire

Surging Earnings Estimates Signal Upside for Alerus (ALRS) Stock

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

2 months ago - Zacks Investment Research

Alerus (ALRS) Q3 Earnings and Revenues Top Estimates

Alerus (ALRS) delivered earnings and revenue surprises of 48.00% and 7.55%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Alerus Financial Corporation Reports Third Quarter 2021 Net Income of $13.1 Million

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $13.1 million for the third quarter of 2021, or $0.74 per diluted common share, compared to net inc...

2 months ago - Business Wire

Janet Estep, Jill Schurtz, and Mary Zimmer Join Board of Directors for Alerus Financial Corporation

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) (the “Company”) is honored to announce the addition of Janet O. Estep, Jill E. Schurtz, and Mary E. Zimmer to its board of...

3 months 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.

3 months ago - Zacks Investment Research

Alerus Financial Corporation to Announce Third Quarter 2021 Financial Results on Wednesday, October 27

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its third quarter 2021 financial results on Wednesday, October 27, 2021. Alerus Financial Cor...

3 months ago - Business Wire

Alerus Financial Corporation Announces CEO Transition

GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that its Board of Directors appointed Katie A. Lorenson, the Company's current Executive V...

4 months ago - Business Wire

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...

5 months ago - Business Wire

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?

5 months ago - Zacks Investment Research

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...

5 months ago - Business Wire

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.

6 months ago - Zacks Investment Research

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...

6 months ago - Business Wire

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.

7 months ago - Zacks Investment Research

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...

8 months ago - Business Wire

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.

8 months ago - Zacks Investment Research

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?

8 months ago - Zacks Investment Research

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

8 months ago - Zacks Investment Research

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?

8 months ago - Zacks Investment Research

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...

8 months ago - Business Wire

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...

9 months ago - Business Wire