Alerus Financial Corporation (ALRS)

NASDAQ: ALRS · IEX Real-Time Price · USD
20.02
+0.02 (0.10%)
Jan 27, 2023, 4:30 PM EST - Market closed
0.1%
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]

Sector Financials
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 27.37% from the latest price.

Price Target
$25.5
(27.37% upside)
Analyst Consensus: Buy
Stock Forecasts

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?

4 days ago - Zacks Investment Research

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...

4 days ago - Business Wire

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.

3 weeks ago - Business Wire

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...

3 months 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?

3 months 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 o...

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 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...

4 months 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?

6 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 ...

6 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 success...

6 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: MP...

7 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 Cor...

7 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...

8 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 ...

8 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...

8 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...

9 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...

9 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?

9 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 i...

9 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 Cor...

10 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.

1 year 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 Presid...

1 year 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?

1 year ago - Zacks Investment Research

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 ...

1 year ago - Business Wire