DA Davidson Forecasts Lower Earnings for Alerus Financial

Alerus Financial Co. (NASDAQ:ALRS - Free Report) - DA Davidson cut their FY2025 earnings per share estimates for Alerus Financial in a report issued on Thursday, December 19th. DA Davidson analyst J. Rulis now forecasts 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 - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.18). The company had revenue of $80.58 million for the quarter, compared to analysts' expectations of $52.30 million. Alerus Financial had a return on equity of 6.02% and a net margin of 1.01%. During the same quarter in the previous year, the firm posted $0.45 earnings per share.

Several other equities research analysts have also commented on ALRS. Keefe, Bruyette & Woods boosted their price target on Alerus Financial from $22.00 to $23.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler decreased their target price on Alerus Financial from $24.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Finally, Raymond James raised Alerus Financial from a "market perform" rating to an "outperform" rating and set a $24.00 target price on the stock in a report on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Alerus Financial currently has an average rating of "Hold" and an average price target of $23.20.

Alerus Financial Price Performance

ALRS stock traded up $0.17 during trading on Friday, reaching $19.99. 294,214 shares of the company were exchanged, compared to its average volume of 62,436. 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 stock's 50 day moving average price is $22.24 and its 200 day moving average price is $21.35. Alerus Financial has a 52-week low of $18.09 and a 52-week high of $25.85. The company has a market cap of $506.51 million, a P/E ratio of 124.95 and a beta of 0.69.

Alerus Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 27th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Friday, December 27th. Alerus Financial's payout ratio is currently 500.00%.

Hedge Funds Weigh In On Alerus Financial

Several large investors have recently modified their holdings of the stock. Federated Hermes Inc. raised 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 buying an additional 1,203 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Alerus Financial during the 3rd quarter valued at approximately $142,000. Harbor Advisors LLC acquired a new stake in shares of Alerus Financial during the 3rd quarter valued at approximately $226,000. Bailard Inc. bought a new position in Alerus Financial during the second quarter worth $265,000. Finally, Inspire Investing LLC acquired a new position in Alerus Financial in the third quarter worth $417,000. Institutional investors own 51.25% of the company's stock.

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.