Alerus Financial (NASDAQ:ALRS – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.18), Yahoo Finance reports. The firm had revenue of $80.58 million for the quarter, compared to analyst estimates of $52.30 million. Alerus Financial had a net margin of 2.39% and a return on equity of 7.25%. During the same quarter last year, the business posted $0.45 earnings per share.
Alerus Financial Trading Down 13.9 %
Shares of ALRS opened at $20.40 on Thursday. Alerus Financial has a 12-month low of $17.07 and a 12-month high of $25.85. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $403.47 million, a price-to-earnings ratio of 58.29 and a beta of 0.66. The stock’s 50-day moving average price is $22.44 and its 200 day moving average price is $20.91.
Alerus Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 13th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.80 annualized dividend and a yield of 3.92%. Alerus Financial’s dividend payout ratio is 228.57%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on ALRS
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.
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