Alerus Financial (NASDAQ:ALRS) Announces Earnings Results

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

Alerus Financial Price Performance

Shares of ALRS traded down $0.04 during trading hours on Tuesday, reaching $20.18. 39,733 shares of the company’s stock traded hands, compared to its average volume of 90,652. Alerus Financial has a 12 month low of $17.99 and a 12 month high of $25.85. 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 market cap of $511.36 million, a PE ratio of 126.13 and a beta of 0.71. The firm’s 50 day simple moving average is $20.50 and its 200-day simple moving average is $21.49.

Alerus Financial Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ALRS. Piper Sandler decreased their price objective 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. Raymond James started coverage on Alerus Financial in a research report on Tuesday, January 14th. They set an “outperform” rating and a $22.00 price target on the stock. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Alerus Financial from $22.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.