What is DA Davidson's Forecast for ALRS Q1 Earnings?

Alerus Financial Co. (NASDAQ:ALRS - Free Report) - Equities researchers at DA Davidson issued their Q1 2025 earnings estimates for Alerus Financial in a note issued to investors on Thursday, January 30th. DA Davidson analyst J. Rulis anticipates that the company will post earnings per share of $0.44 for the quarter. DA Davidson has a "Neutral" rating and a $23.00 price objective on the stock. The consensus estimate for Alerus Financial's current full-year earnings is $2.14 per share.

Alerus Financial (NASDAQ:ALRS - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.44 earnings per share for the quarter, topping 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%.

Other analysts have also recently issued reports about the company. Piper Sandler lifted their target price on Alerus Financial from $21.00 to $24.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Alerus Financial from $22.00 to $23.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Finally, Raymond James restated an "outperform" rating and set a $24.00 price objective (up previously from $22.00) on shares of Alerus Financial in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $23.40.

Alerus Financial Stock Performance

Shares of ALRS traded up $0.45 during mid-day trading on Friday, hitting $21.77. 35,523 shares of the company's stock were exchanged, compared to its average volume of 91,394. The firm has a market capitalization of $551.60 million, a P/E ratio of 21.34 and a beta of 0.71. Alerus Financial has a fifty-two week low of $17.99 and a fifty-two week high of $24.41. The business's 50 day moving average is $20.41 and its two-hundred day moving average is $21.48. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 27th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date was Friday, December 27th. Alerus Financial's dividend payout ratio (DPR) is currently 78.43%.

Hedge Funds Weigh In On Alerus Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in Alerus Financial during the third quarter worth about $142,000. New York State Common Retirement Fund boosted its stake in shares of Alerus Financial by 41.7% during the 4th quarter. New York State Common Retirement Fund now owns 6,451 shares of the company's stock worth $124,000 after acquiring an additional 1,900 shares in the last quarter. Harbor Advisors LLC acquired a new stake in shares of Alerus Financial in the 3rd quarter worth approximately $226,000. Inspire Investing LLC purchased a new position in Alerus Financial in the 3rd quarter valued at approximately $417,000. Finally, Walleye Capital LLC acquired a new position in Alerus Financial during the third quarter worth $424,000. 51.25% of the stock is owned by institutional investors and hedge funds.

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.