XTX Topco Ltd Purchases Shares of 17,525 Alerus Financial Co. (NASDAQ:ALRS)

XTX Topco Ltd acquired a new stake in Alerus Financial Co. (NASDAQ:ALRS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,525 shares of the company's stock, valued at approximately $337,000. XTX Topco Ltd owned approximately 0.07% of Alerus Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of ALRS. JPMorgan Chase & Co. increased its position in shares of Alerus Financial by 207.4% in the third quarter. JPMorgan Chase & Co. now owns 24,214 shares of the company's stock valued at $554,000 after buying an additional 16,336 shares in the last quarter. Alliancebernstein L.P. raised its position in Alerus Financial by 2,346.3% during the fourth quarter. Alliancebernstein L.P. now owns 287,931 shares of the company's stock worth $5,540,000 after acquiring an additional 276,161 shares during the period. Barclays PLC lifted its holdings in Alerus Financial by 58.8% during the third quarter. Barclays PLC now owns 44,399 shares of the company's stock valued at $1,017,000 after purchasing an additional 16,436 shares in the last quarter. Choreo LLC acquired a new stake in shares of Alerus Financial in the fourth quarter valued at about $2,620,000. Finally, Empowered Funds LLC increased its stake in shares of Alerus Financial by 70.8% during the fourth quarter. Empowered Funds LLC now owns 80,184 shares of the company's stock worth $1,543,000 after purchasing an additional 33,247 shares in the last quarter. 51.25% of the stock is owned by hedge funds and other institutional investors.

Alerus Financial Trading Down 0.7 %

Shares of ALRS traded down $0.12 during mid-day trading on Friday, reaching $17.72. The stock had a trading volume of 43,373 shares, compared to its average volume of 73,355. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.85 and a quick ratio of 0.85. The business's fifty day moving average is $18.33 and its 200 day moving average is $20.27. Alerus Financial Co. has a 52-week low of $15.78 and a 52-week high of $24.41. The firm has a market cap of $452.05 million, a price-to-earnings ratio of 17.37 and a beta of 0.67.

Alerus Financial (NASDAQ:ALRS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.16. Alerus Financial had a net margin of 6.26% and a return on equity of 7.66%. On average, sell-side analysts predict that Alerus Financial Co. will post 2.14 EPS for the current fiscal year.

Alerus Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 14th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 4.51%. Alerus Financial's payout ratio is 78.43%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ALRS shares. DA Davidson reiterated a "neutral" rating and issued a $23.00 price objective on shares of Alerus Financial in a report on Thursday, January 30th. Piper Sandler raised their price objective on Alerus Financial from $21.00 to $24.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Finally, Raymond James reiterated an "outperform" rating and issued a $24.00 target price (up from $22.00) on shares of Alerus Financial in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $23.40.

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.