Alerus Financial Co. (NASDAQ:ALRS) Receives Consensus Rating of “Hold” from Brokerages

Alerus Financial Co. (NASDAQ:ALRS) has been given an average rating of “Hold” by the five analysts that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $22.80.

Several equities analysts have recently issued reports on ALRS shares. Raymond James started coverage on Alerus Financial in a report on Tuesday, January 14th. They issued an “outperform” rating and a $22.00 price objective for the company. Keefe, Bruyette & Woods boosted their price objective on Alerus Financial from $22.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Piper Sandler decreased their price objective on Alerus Financial from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, October 31st.

Hedge Funds Weigh In On Alerus Financial

A number of large investors have recently bought and sold shares of the business. Federated Hermes Inc. raised its holdings in shares of Alerus Financial by 380.7% during the second quarter. Federated Hermes Inc. now owns 1,519 shares of the company’s stock valued at $30,000 after acquiring an additional 1,203 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Alerus Financial during the third quarter valued at approximately $142,000. Harbor Advisors LLC acquired a new position in shares of Alerus Financial during the third quarter valued at approximately $226,000. Inspire Investing LLC raised its holdings in shares of Alerus Financial by 14.9% during the fourth quarter. Inspire Investing LLC now owns 20,947 shares of the company’s stock valued at $403,000 after acquiring an additional 2,717 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of Alerus Financial during the third quarter valued at approximately $424,000. Institutional investors and hedge funds own 51.25% of the company’s stock.

Alerus Financial Stock Up 1.2 %

Alerus Financial stock opened at $19.62 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.85 and a current ratio of 0.85. The business’s 50-day simple moving average is $20.80 and its two-hundred day simple moving average is $21.46. The company has a market cap of $497.17 million, a PE ratio of 122.63 and a beta of 0.71. Alerus Financial has a fifty-two week low of $17.99 and a fifty-two week high of $25.85.

Alerus Financial (NASDAQ:ALRS) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.18). The company had revenue of $80.58 million during the quarter, compared to analyst estimates of $52.30 million. Alerus Financial had a net margin of 1.01% and a return on equity of 6.02%. During the same period last year, the firm earned $0.45 EPS. Equities analysts anticipate that Alerus Financial will post 0.92 EPS for the current year.

Alerus Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 27th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.80 dividend on an annualized basis and a yield of 4.08%. Alerus Financial’s payout ratio is 500.03%.

About Alerus Financial

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.