Alerus Financial Co. (NASDAQ:ALRS) Given Average Rating of "Hold" by Brokerages

Shares of Alerus Financial Co. (NASDAQ:ALRS - Get Free Report) have earned an average rating of "Hold" from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $23.40.

A number of equities analysts have issued reports on ALRS shares. DA Davidson reissued a "neutral" rating and set a $23.00 price target on shares of Alerus Financial in a research report on Thursday, January 30th. Piper Sandler raised their target price on shares of Alerus Financial from $21.00 to $24.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Keefe, Bruyette & Woods upped their price target on shares of Alerus Financial from $22.00 to $23.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Finally, Raymond James reaffirmed an "outperform" rating and set a $24.00 price target (up from $22.00) on shares of Alerus Financial in a research report on Thursday, January 30th.

Alerus Financial Stock Performance

Shares of NASDAQ ALRS traded down $0.06 during mid-day trading on Friday, hitting $21.42. The stock had a trading volume of 39,000 shares, compared to its average volume of 90,254. The firm has a market cap of $542.78 million, a PE ratio of 21.00 and a beta of 0.71. 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 company has a 50 day moving average of $20.35 and a two-hundred day moving average of $21.45. Alerus Financial has a twelve month low of $17.99 and a twelve month high of $24.41.

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

Alerus Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 27th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Friday, December 27th. Alerus Financial's dividend payout ratio (DPR) is presently 78.43%.

Institutional Trading of Alerus Financial

Several institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in Alerus Financial during the third quarter valued at $142,000. Sippican Capital Advisors lifted its stake in Alerus Financial by 4.8% in the 3rd quarter. Sippican Capital Advisors now owns 80,525 shares of the company's stock valued at $1,842,000 after buying an additional 3,665 shares in the last quarter. Empowered Funds LLC boosted its holdings in Alerus Financial by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 46,937 shares of the company's stock worth $1,074,000 after buying an additional 2,278 shares during the last quarter. Stieven Capital Advisors L.P. purchased a new stake in Alerus Financial during the 3rd quarter worth approximately $5,966,000. Finally, Foundry Partners LLC acquired a new position in shares of Alerus Financial during the third quarter valued at approximately $530,000. 51.25% of the stock is owned by institutional investors and hedge funds.

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.