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Alerus Financial Corporation (ALRS)

NASDAQ: ALRS · IEX Real-Time Price · USD
29.10 1.26 (4.53%)
Sep 17, 2021 4:00 PM EDT - Market closed
Market Cap500.60M
Revenue (ttm)244.78M
Net Income (ttm)54.75M
Shares Out17.19M
EPS (ttm)3.09
PE Ratio9.42
Forward PEn/a
Dividend$0.61 (2.10%)
Ex-Dividend DateSep 16, 2021
Volume85,070
Open27.99
Previous Close27.84
Day's Range27.20 - 29.10
52-Week Range17.51 - 34.33
Beta0.78
AnalystsHold
Price Target31.00 (+6.5%)
Est. Earnings DateOct 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...

IndustryDiversified Financial Services
IPO DateSep 13, 2019
Employees835
Stock ExchangeNASDAQ
Ticker SymbolALRS
Full Company Profile

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 Statements

Analyst 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.

Price Target
$31.00
(6.53% upside)
Analyst Consensus: Hold

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...

1 month 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?

1 month 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...

1 month ago - Business Wire

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 ...

1 month 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.

1 month 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...

2 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.

2 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...

3 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.

4 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?

4 months ago - Zacks Investment Research

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 ...

4 months ago - Business Wire

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

4 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?

4 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...

4 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...

4 months ago - Business Wire

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.

5 months ago - Zacks Investment Research

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...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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...

6 months ago - Business Wire

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

7 months ago - Seeking Alpha

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?

7 months ago - Zacks Investment Research

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...

7 months ago - Business Wire

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...

8 months ago - Business Wire

Top Ranked Momentum Stocks to Buy for December 22nd

Top Ranked Momentum Stocks to Buy for December 22nd

Other symbols:BHPLAKETSE
8 months ago - Zacks Investment Research

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. (“...

9 months ago - Business Wire