Alerus Financial (ALRS) Projected to Post Quarterly Earnings on Wednesday

Alerus Financial (NASDAQ:ALRS) is expected to issue its quarterly earnings data before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.28 per share and revenue of $63,090.00 billion for the quarter.

Alerus Financial (NASDAQ:ALRS) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.18). The firm had revenue of $80.58 million for the quarter, compared to analysts’ expectations of $52.30 million. Alerus Financial had a return on equity of 6.02% and a net margin of 1.01%. During the same quarter last year, the firm earned $0.45 earnings per share. On average, analysts expect Alerus Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Alerus Financial Trading Up 1.1 %

Shares of ALRS traded up $0.21 on Wednesday, hitting $19.49. 125,709 shares of the stock traded hands, compared to its average volume of 86,468. The firm has a market capitalization of $493.84 million, a P/E ratio of 121.82 and a beta of 0.71. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.15. Alerus Financial has a 1 year low of $17.99 and a 1 year high of $25.85. The stock’s 50 day moving average is $20.97 and its two-hundred day moving average is $21.45.

Alerus Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Friday, December 27th. Alerus Financial’s dividend payout ratio (DPR) is 500.00%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Piper Sandler decreased their price target on Alerus Financial from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Keefe, Bruyette & Woods upped their price target on shares of Alerus Financial from $22.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Raymond James began coverage on shares of Alerus Financial in a report on Tuesday. They issued an “outperform” rating and a $22.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.