Alerus Financial (ALRS) Set to Announce Earnings on Tuesday

Alerus Financial (NASDAQ:ALRS - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Alerus Financial to post earnings of $0.44 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Alerus Financial (NASDAQ:ALRS - Get Free Report) last released its earnings results on Wednesday, July 24th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.06). Alerus Financial had a net margin of 2.39% and a return on equity of 7.25%. The business had revenue of $80.39 million for the quarter, compared to the consensus estimate of $49.20 million. During the same quarter in the previous year, the firm earned $0.45 EPS. On average, analysts expect Alerus Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Alerus Financial Stock Performance

NASDAQ:ALRS traded up $0.14 during mid-day trading on Tuesday, hitting $23.49. The stock had a trading volume of 40,320 shares, compared to its average volume of 57,984. Alerus Financial has a 52 week low of $16.80 and a 52 week high of $25.85. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $464.56 million, a price-to-earnings ratio of 47.76 and a beta of 0.66. The company has a 50 day simple moving average of $22.19 and a 200-day simple moving average of $20.78.

Alerus Financial Announces Dividend

The business also recently disclosed 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, September 13th. Alerus Financial's dividend payout ratio is currently 163.27%.

Wall Street Analysts Forecast Growth

ALRS has been the subject of several research reports. Raymond James raised 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. DA Davidson increased their price objective on Alerus Financial from $20.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, August 1st. Keefe, Bruyette & Woods boosted their target price on Alerus Financial from $22.00 to $23.00 and gave the stock a "market perform" rating in a research report on Monday, July 29th. Finally, Piper Sandler increased their price target on Alerus Financial from $22.50 to $24.00 and gave the company a "neutral" rating in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Alerus Financial 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.