Alerus Financial (NASDAQ:ALRS) Announces Quarterly Earnings Results

Alerus Financial (NASDAQ:ALRS) announced its earnings results on Thursday. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01, Yahoo Finance reports. The company had revenue of $74.36 million for the quarter, compared to analyst estimates of $47.40 million. Alerus Financial had a return on equity of 8.20% and a net margin of 3.54%. During the same period in the prior year, the company posted $0.40 EPS.

Alerus Financial Stock Performance

NASDAQ ALRS traded down $0.24 during trading hours on Friday, reaching $20.30. The company’s stock had a trading volume of 24,403 shares, compared to its average volume of 28,953. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.16. The business has a 50-day simple moving average of $21.30 and a 200 day simple moving average of $20.57. The stock has a market cap of $400.72 million, a PE ratio of 41.43 and a beta of 0.65. Alerus Financial has a 52 week low of $13.11 and a 52 week high of $25.85.

Alerus Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Thursday, March 14th. Alerus Financial’s dividend payout ratio is presently 155.11%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ALRS. DA Davidson increased their price objective on shares of Alerus Financial from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. TheStreet downgraded Alerus Financial from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th.

Alerus Financial Company Profile

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.