Alerus Financial (ALRS) Stock Price, News & Analysis

Company Overview

Alerus Financial Corporation (NASDAQ: ALRS) is a diversified financial services company headquartered in Grand Forks, North Dakota. The firm provides a full range of commercial and consumer banking products, including deposit accounts, lending solutions and treasury management services for individuals, small businesses and larger corporate clients. Through its community banking network, Alerus emphasizes local decision-making and personalized service to meet the needs of its varied client base.

In addition to traditional banking offerings, Alerus operates a national mortgage origination and servicing platform that delivers home purchase and refinance loans. The company’s mortgage business spans multiple states beyond its Upper Midwest footprint, with branch offices and loan production in markets such as Colorado, Wisconsin, Arizona, Illinois and Texas. Alerus also offers digital mortgage tools to provide a streamlined borrowing experience for customers nationwide.

Wealth management and retirement plan services represent another core pillar of Alerus’s business. Its trust and investment teams support individual and institutional clients with fiduciary oversight, estate planning, and portfolio management. Meanwhile, the company’s retirement division administers defined contribution, defined benefit and non-qualified deferred compensation plans, serving plan sponsors across a wide range of industries.

Under the leadership of Chairman, President and Chief Executive Officer Kurt E. Campion, Alerus has grown both organically and through selective acquisitions, enhancing its product suite and geographical reach. The company continues to invest in technology, digital channels and community engagement initiatives as it pursues long-term growth and seeks to deliver value to clients and shareholders alike.

Key Stats

• Today's Range: $22.34 to $23.01
• 50-Day Range: $20.44 to $23.07
• 52-Week Range: $15.78 to $24.41
• Volume: 55,968 shs
• Average Volume: 76,957 shs
• Market Capitalization: $573.53 million
• P/E Ratio: 13.36
• Dividend Yield: 3.72%
• Price Target: $25.63
• Consensus Rating: Hold

Alerus Financial Stock Analysis - MarketRank™

Alerus Financial scored higher than 95% of companies evaluated by MarketBeat, and ranked 88th out of 925 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Alerus Financial has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.

Upside Potential

Alerus Financial has a consensus price target of $25.63, representing about 13.5% upside from its current price of $22.58.

Amount of Analyst Coverage

Alerus Financial has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 13.55%

Earnings Growth

Earnings for Alerus Financial are expected to grow by 13.55% in the coming year, from $2.14 to $2.43 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Alerus Financial is 13.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 277.96.

Price to Earnings Ratio vs. Sector

The P/E ratio of Alerus Financial is 13.36, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 232.42.

Price to Book Value per Share Ratio

Alerus Financial has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.92% of the outstanding shares of Alerus Financial have been sold short.

Short Interest Ratio / Days to Cover

Alerus Financial has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Alerus Financial has recently increased by 30.60%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

Alerus Financial is a leading dividend payer. It pays a dividend yield of 3.72%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Alerus Financial has been increasing its dividend for 25 years.

Dividend Coverage

The dividend payout ratio of Alerus Financial is 49.70%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Alerus Financial will have a dividend payout ratio of 34.57% next year. This indicates that Alerus Financial will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.7 / 5
• Environmental Score: -0.36

Percentage of Shares Shorted

0.92% of the outstanding shares of Alerus Financial have been sold short.

Short Interest Ratio / Days to Cover

Alerus Financial has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Alerus Financial has recently increased by 30.60%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.91

News Sentiment

Alerus Financial has a news sentiment score of 0.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Alerus Financial this week, compared to 2 articles on an average week.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Alerus Financial insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.20% of the stock of Alerus Financial is held by insiders.

Percentage Held by Institutions

51.25% of the stock of Alerus Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ALRS Stock Analysis - Frequently Asked Questions

How have ALRS shares performed this year?

Alerus Financial's stock was trading at $19.24 at the beginning of 2025. Since then, ALRS stock has increased by 17.4% and is now trading at $22.58.

How were Alerus Financial's earnings last quarter?

Alerus Financial (NASDAQ:ALRS) released its quarterly earnings data on Monday, July, 28th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.16. The business had revenue of $74.80 million for the quarter, compared to the consensus estimate of $69.96 million. Alerus Financial had a trailing twelve-month return on equity of 10.21% and a net margin of 11.06%.
Read the conference call transcript.

When did Alerus Financial IPO?

Alerus Financial (ALRS) raised $76 million in an IPO on Friday, September 13th 2019. The company issued 3,300,000 shares at $22.00-$24.00 per share. RAYMOND JAMES and D.A. Davidson & Co. served as the underwriters for the IPO and Piper Jaffray was co-manager.

Who are Alerus Financial's major shareholders?

Top institutional investors of Alerus Financial include Geode Capital Management LLC (2.21%), Endeavour Capital Advisors Inc. (2.02%), Ameriprise Financial Inc. (1.49%) and Choreo LLC (1.16%). Insiders that own company stock include Katie A Lorenson, Jerrod Hanson, Alan Villalon, Missy Keney and Mary Zimmer.
View institutional ownership trends.

How do I buy shares of Alerus Financial?

Shares of ALRS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Alerus Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Alerus Financial investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and Arista Networks (ANET).

Company Calendar

• Record date for 7/11 Dividend: 6/27/2025
• Ex-Dividend for 7/11 Dividend: 6/27/2025
• Dividend Payable: 7/11/2025
• Last Earnings: 7/28/2025
• Today: 9/06/2025
• Record date for 10/10 Dividend: 9/26/2025
• Ex-Dividend for 10/10 Dividend: 9/26/2025
• Dividend Payable: 10/10/2025
• Next Earnings (Estimated): 11/04/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: FIN - MISC SVCS
• Sub-Industry: Banking
• Current Symbol: NASDAQ:ALRS
• CIK: 903419
• Web: www.alerus.com
• Phone: (701) 795-3200
• Fax: N/A
• Employees: 840
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Alerus Financial: $25.63
• High Price Target: $27.00
• Low Price Target: $25.00
• Potential Upside/Downside: +13.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.69
• Trailing P/E Ratio: 11.40
• Forward P/E Ratio: 10.55
• P/E Growth: N/A
• Net Income: $17.78 million
• Net Margins: 11.06%
• Pretax Margin: 13.28%
• Return on Equity: 10.21%
• Return on Assets: 0.98%

Debt

• Debt-to-Equity Ratio: 0.11
• Current Ratio: 0.88
• Quick Ratio: 0.87

Sales & Book Value

• Annual Sales: $336.51 million
• Price / Sales: 1.70
• Cash Flow: $1.86 per share
• Price / Cash Flow: 12.14
• Book Value: $19.55 per share
• Price / Book: 1.15

Miscellaneous

• Outstanding Shares: 25,400,000
• Free Float: 24,329,000
• Market Cap: $573.53 million
• Optionable: Optionable
• Beta: 0.71