Alerus Financial Co. (NASDAQ:ALRS) Receives Average Recommendation of “Hold” from Analysts

Shares of Alerus Financial Co. (NASDAQ:ALRS) have been given a consensus recommendation of “Hold” by the five brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $23.40.

A number of equities research analysts have recently weighed in on ALRS shares. Raymond James reaffirmed an “outperform” rating and issued a $24.00 price objective (up from $22.00) on shares of Alerus Financial in a research note on Thursday, January 30th. Piper Sandler boosted their target price on Alerus Financial from $21.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. 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 note on Wednesday, December 4th. Finally, DA Davidson reissued a “neutral” rating and set a $23.00 target price on shares of Alerus Financial in a research note on Thursday, January 30th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Alerus Financial NA boosted its position in shares of Alerus Financial by 0.3% during the 4th quarter. Alerus Financial NA now owns 2,130,638 shares of the company’s stock worth $40,993,000 after acquiring an additional 5,915 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Alerus Financial by 11.2% during the 4th quarter. Vanguard Group Inc. now owns 1,054,829 shares of the company’s stock worth $20,295,000 after acquiring an additional 106,116 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Alerus Financial by 120.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 666,559 shares of the company’s stock worth $12,824,000 after acquiring an additional 363,617 shares in the last quarter. Endeavour Capital Advisors Inc. lifted its holdings in shares of Alerus Financial by 77.3% in the 4th quarter. Endeavour Capital Advisors Inc. now owns 527,283 shares of the company’s stock valued at $10,145,000 after purchasing an additional 229,932 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Alerus Financial by 26.0% in the 4th quarter. Geode Capital Management LLC now owns 524,195 shares of the company’s stock valued at $10,088,000 after purchasing an additional 108,123 shares during the last quarter. 51.25% of the stock is owned by institutional investors and hedge funds.

Alerus Financial Trading Down 2.9 %

Shares of NASDAQ ALRS opened at $18.79 on Tuesday. Alerus Financial has a twelve month low of $17.99 and a twelve month high of $24.41. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $20.26 and a 200-day simple moving average of $21.37. The stock has a market capitalization of $476.10 million, a PE ratio of 18.42 and a beta of 0.74.

Alerus Financial (NASDAQ:ALRS) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.16. Alerus Financial had a return on equity of 7.66% and a net margin of 6.26%. On average, equities analysts forecast that Alerus Financial will post 2.14 earnings per share for the current year.

Alerus Financial Dividend Announcement

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 is Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 4.26%. Alerus Financial’s dividend payout ratio is currently 78.43%.

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.