Alerus Financial Corporation (ALRS)

NASDAQ: ALRS · IEX Real-Time Price · USD
19.92
-0.03 (-0.15%)
Apr 17, 2024, 4:00 PM EDT - Market closed
-0.15%
Market Cap 393.18M
Revenue (ttm) 166.01M
Net Income (ttm) 11.70M
Shares Out 19.74M
EPS (ttm) 0.58
PE Ratio 34.34
Forward PE 12.74
Dividend $0.76 (3.82%)
Ex-Dividend Date Mar 14, 2024
Volume 22,156
Open 20.24
Previous Close 19.95
Day's Range 19.79 - 20.25
52-Week Range 13.11 - 25.85
Beta 0.64
Analysts Hold
Price Target 21.33 (+7.08%)
Earnings Date Apr 24, 2024

About ALRS

Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that engages in the provision of various financial services to businesses and consumers. The company operates in four segments: Banking, Mortgage, Retirement and Benefit Services, and Wealth Management. 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, incl... [Read more]

Sector Financials
IPO Date Sep 13, 2019
Employees 709
Stock Exchange NASDAQ
Ticker Symbol ALRS
Full Company Profile

Financial Performance

In 2023, ALRS's revenue was $166.01 million, a decrease of -21.30% compared to the previous year's $210.95 million. Earnings were $11.70 million, a decrease of -70.76%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for ALRS stock is "Hold." The 12-month stock price forecast is $21.33, which is an increase of 7.08% from the latest price.

Price Target
$21.33
(7.08% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Alerus Financial Corporation to Announce First Quarter Financial Results on Wednesday, April 24

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter financial results on Wednesday, April 24, 2024. Alerus Financial Corporation wi...

16 days 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 $0.19 per common share on February 27, 202...

7 weeks ago - Business Wire

Alerus Financial Corporation Names Forrest Wilson Chief Retirement Services Officer

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) announced today that Forrest Wilson will join Alerus as Executive Vice President and Chief Retirement Services Officer, effect...

7 weeks ago - Business Wire

Alerus Financial Corporation Announces Fourth Quarter 2023 Results, Including Balance Sheet Repositioning

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net loss of $14.8 million for the fourth quarter of 2023, or ($0.73) per diluted common share, compa...

3 months ago - Business Wire

Alerus Financial Corporation to Announce Fourth Quarter and Full-Year 2023 Financial Results on Wednesday, January 24

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its fourth quarter and full-year 2023 financial results on Wednesday, January 24, 2024. Alerus Fi...

3 months ago - Business Wire

Alerus Financial Corporation Sells $172.3M of Debt Securities and Uses Proceeds to Fund Loan Growth, Cut Borrowings

MINNEAPOLIS--(BUSINESS WIRE)--On December 15, 2023, Alerus Financial Corporation (NASDAQ: ALRS) completed the sale of $172.3 million of available-for-sale securities (“AFS”). The sale resulted in a on...

4 months ago - Business Wire

Alerus Financial Corporation Declares Cash Dividend on Common Shares and Announces New Stock Repurchase Program

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.19 per common share, a 5.56% increase o...

4 months ago - Business Wire

Alerus Financial Corporation Reports Third Quarter 2023 Net Income of $9.2 Million

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $9.2 million for the third quarter of 2023, or $0.45 per diluted common share, compare...

6 months ago - Business Wire

Alerus Financial Corporation to Announce Third Quarter Financial Results on Wednesday, October 25

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its third quarter financial results on Wednesday, October 25, 2023. Alerus Financial Corporation ...

7 months ago - Business Wire

Alerus Financial Corporation Reports Second Quarter 2023 Net Income of $9.1 Million

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $9.1 million for the second quarter of 2023, or $0.45 per diluted common share, compar...

9 months ago - Business Wire

Alerus Financial Corporation to Announce Second Quarter Financial Results on Wednesday, July 26

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its second quarter financial results on Wednesday, July 26, 2023. Alerus Financial Corporation wi...

10 months ago - Business Wire

Alerus Financial Corporation Reports First Quarter 2023 Net Income of $8.2 Million

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $8.2 million for the first quarter of 2023, or $0.40 per diluted common share, compare...

1 year ago - Business Wire

Alerus Financial Corporation to Announce First Quarter Financial Results on Wednesday, April 26

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter financial results on Wednesday, April 26, 2023. Alerus Financial Corporation wi...

1 year ago - Business Wire

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...

1 year 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.

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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 ...

1 year 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...

1 year 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...

1 year 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...

1 year ago - Business Wire

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 ...

2 years ago - Business Wire

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...

2 years ago - Business Wire

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...

2 years 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...

2 years ago - Business Wire