FY2025 EPS Estimates for Alerus Financial Cut by DA Davidson

Alerus Financial Co. (NASDAQ:ALRS) – Investment analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for shares of Alerus Financial in a research report issued on Thursday, December 19th. DA Davidson analyst J. Rulis now anticipates that the company will post earnings of $1.87 per share for the year, down from their prior forecast of $1.90. The consensus estimate for Alerus Financial’s current full-year earnings is $0.97 per share.

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

A number of other brokerages have also weighed in on ALRS. Raymond James upgraded shares of Alerus Financial from a “market perform” rating to an “outperform” rating and set a $24.00 target price for the company in a research note on Tuesday, September 17th. Piper Sandler lowered their target price on Alerus Financial from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, Keefe, Bruyette & Woods boosted their price target on Alerus Financial from $22.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $23.20.

Alerus Financial Stock Performance

Shares of ALRS opened at $19.82 on Friday. Alerus Financial has a 12 month low of $18.09 and a 12 month high of $25.85. The business’s fifty day simple moving average is $22.24 and its two-hundred day simple moving average is $21.35. The company has a market cap of $502.20 million, a price-to-earnings ratio of 123.88 and a beta of 0.69. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.15.

Institutional Investors Weigh In On Alerus Financial

A number of institutional investors and hedge funds have recently bought and sold shares of ALRS. Federated Hermes Inc. grew its stake in 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 in the last quarter. SG Americas Securities LLC purchased a new position in Alerus Financial during the 3rd quarter valued at approximately $142,000. Harbor Advisors LLC bought a new stake in Alerus Financial in the 3rd quarter worth approximately $226,000. Bailard Inc. purchased a new stake in shares of Alerus Financial during the 2nd quarter worth approximately $265,000. Finally, Inspire Investing LLC purchased a new position in shares of Alerus Financial in the third quarter valued at $417,000. 51.25% of the stock is owned by institutional investors.

Alerus Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Friday, December 27th. Alerus Financial’s payout ratio is 500.00%.

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.