Alerus Financial (NASDAQ:ALRS) Releases Earnings Results

Alerus Financial (NASDAQ:ALRS) announced its quarterly earnings data on Tuesday. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.28 by $0.16, Zacks reports. Alerus Financial had a net margin of 1.01% and a return on equity of 6.02%.

Alerus Financial Stock Down 0.2 %

Shares of ALRS traded down $0.04 on Tuesday, reaching $20.18. The company’s stock had a trading volume of 39,733 shares, compared to its average volume of 90,655. The stock has a market capitalization of $511.36 million, a PE ratio of 126.13 and a beta of 0.71. 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 has a twelve month low of $17.99 and a twelve month high of $25.85. The firm has a fifty day moving average of $20.50 and a 200-day moving average of $21.49.

Alerus Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 27th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Friday, December 27th. Alerus Financial’s payout ratio is presently 500.03%.

Analysts Set New Price Targets

ALRS has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their price target 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 reduced their target price on Alerus Financial from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Raymond James started coverage on Alerus Financial in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $22.00 target price for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Alerus Financial currently has a consensus rating of “Hold” and an average target price of $22.80.

About Alerus Financial

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.