Proficio Capital Partners LLC bought a new position in shares of Alerus Financial Co. (NASDAQ:ALRS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,798 shares of the company's stock, valued at approximately $381,000. Proficio Capital Partners LLC owned 0.08% of Alerus Financial as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of ALRS. Empowered Funds LLC raised its holdings in shares of Alerus Financial by 5.1% during the third quarter. Empowered Funds LLC now owns 46,937 shares of the company's stock worth $1,074,000 after purchasing an additional 2,278 shares during the period. Stieven Capital Advisors L.P. acquired a new stake in shares of Alerus Financial during the third quarter worth $5,966,000. Foundry Partners LLC acquired a new stake in shares of Alerus Financial during the third quarter worth $530,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Alerus Financial by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 149,280 shares of the company's stock worth $3,416,000 after purchasing an additional 5,184 shares during the period. Finally, Walleye Capital LLC acquired a new stake in shares of Alerus Financial during the third quarter worth $424,000. 51.25% of the stock is owned by institutional investors and hedge funds.
Alerus Financial Price Performance
ALRS traded up $0.26 on Friday, reaching $18.29. The company had a trading volume of 85,792 shares, compared to its average volume of 74,496. The company has a fifty day moving average of $20.23 and a 200-day moving average of $21.32. The company has a market capitalization of $463.43 million, a P/E ratio of 17.93 and a beta of 0.74. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.15. Alerus Financial Co. has a one year low of $17.95 and a one year high of $24.41.
Alerus Financial (NASDAQ:ALRS - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.16. Alerus Financial had a net margin of 6.26% and a return on equity of 7.66%. As a group, equities research analysts anticipate that Alerus Financial Co. will post 2.14 earnings per share for the current year.
Alerus Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 14th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 4.37%. Alerus Financial's dividend payout ratio (DPR) is 78.43%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Alerus Financial from $22.00 to $23.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Piper Sandler increased their price objective 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. Raymond James reaffirmed an "outperform" rating and issued a $24.00 price objective (up previously from $22.00) on shares of Alerus Financial in a report on Thursday, January 30th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $23.00 price objective on shares of Alerus Financial in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $23.40.
Check Out Our Latest Report on Alerus Financial
Alerus Financial Company Profile
(
Free Report)
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.
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