Alerus Financial (NASDAQ:ALRS) Announces Quarterly Earnings Results

Alerus Financial (NASDAQ:ALRS) posted its quarterly earnings data on Thursday. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01, Yahoo Finance reports. The business had revenue of $74.36 million during the quarter, compared to analysts’ expectations of $47.40 million. Alerus Financial had a return on equity of 8.69% and a net margin of 4.34%. During the same period in the previous year, the business earned $0.40 earnings per share.

Alerus Financial Trading Down 2.2 %

Shares of ALRS opened at $20.54 on Friday. Alerus Financial has a 52-week low of $13.11 and a 52-week high of $25.85. The stock has a market cap of $405.42 million, a PE ratio of 36.04 and a beta of 0.65. The firm’s fifty day moving average is $21.35 and its two-hundred day moving average is $20.56. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.16.

Alerus Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Thursday, March 14th. Alerus Financial’s dividend payout ratio is presently 133.33%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. DA Davidson lifted their price target on shares of Alerus Financial from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. TheStreet lowered shares of Alerus Financial from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th.

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.