Alerus Financial Corporation (ALRS)
| Market Cap | 400.15M |
| Revenue (ttm) | 216.48M |
| Net Income (ttm) | 41.80M |
| Shares Out | 19.99M |
| EPS (ttm) | 2.27 |
| PE Ratio | 8.82 |
| Forward PE | n/a |
| Dividend | $0.70 (3.50%) |
| Ex-Dividend Date | Dec 22, 2022 |
| Volume | 33,936 |
| Open | 21.01 |
| Previous Close | 20.00 |
| Day's Range | 19.74 - 21.01 |
| 52-Week Range | 19.76 - 30.20 |
| Beta | 0.68 |
| Analysts | Buy |
| Price Target | 25.50 (+27.37%) |
| Earnings Date | Jan 25, 2023 |
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]
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 StatementsAnalyst 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 27.37% from the latest price.
News
Alerus (ALRS) Q4 Earnings and Revenues Miss Estimates
Alerus (ALRS) delivered earnings and revenue surprises of -8.62% and 6.95%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
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 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 o...
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?
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...
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.
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 (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?
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...
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...
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 ...
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...
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...
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...
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?
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 i...
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 Cor...
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.
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 Presid...
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?
Alerus Financial Corporation Reports Fourth Quarter 2021 Net Income of $12.7 Million and Record Annual Net Income of $52.7 Million
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 ...