FY2026 Earnings Estimate for ALRS Issued By DA Davidson

Alerus Financial Co. (NASDAQ:ALRS) – Investment analysts at DA Davidson issued their FY2026 EPS estimates for Alerus Financial in a report issued on Friday, March 28th. DA Davidson analyst J. Rulis anticipates that the company will post earnings of $2.30 per share for the year. DA Davidson has a “Neutral” rating and a $23.00 price target on the stock. The consensus estimate for Alerus Financial’s current full-year earnings is $2.14 per share.

Alerus Financial (NASDAQ:ALRS) last posted its earnings results on Tuesday, January 28th. The company reported $0.44 earnings per share for the quarter, topping 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%.

A number of other equities research analysts have also recently commented on ALRS. Raymond James reiterated an “outperform” rating and set a $24.00 price target (up previously from $22.00) on shares of Alerus Financial in a report on Thursday, January 30th. Piper Sandler boosted their price target on Alerus Financial from $21.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods upped their price target on Alerus Financial from $22.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Alerus Financial has an average rating of “Hold” and an average target price of $23.40.

Alerus Financial Trading Down 2.1 %

NASDAQ:ALRS opened at $18.30 on Monday. Alerus Financial has a one year low of $17.95 and a one year high of $24.41. The company’s 50-day simple moving average is $20.09 and its 200 day simple moving average is $21.03. The firm has a market capitalization of $466.85 million, a P/E ratio of 17.94 and a beta of 0.74. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.85 and a quick ratio of 0.85.

Alerus Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 14th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.37%. The ex-dividend date is Friday, March 14th. Alerus Financial’s dividend payout ratio is currently 78.43%.

Institutional Investors Weigh In On Alerus Financial

A number of hedge funds have recently added to or reduced their stakes in ALRS. Dimensional Fund Advisors LP grew its holdings in shares of Alerus Financial by 120.0% in the fourth 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 during the period. Rhino Investment Partners Inc bought a new stake in shares of Alerus Financial during the 4th quarter valued at about $5,849,000. FJ Capital Management LLC bought a new stake in shares of Alerus Financial during the 4th quarter valued at about $5,557,000. Alliancebernstein L.P. increased its position in shares of Alerus Financial by 2,346.3% during the 4th quarter. Alliancebernstein L.P. now owns 287,931 shares of the company’s stock valued at $5,540,000 after purchasing an additional 276,161 shares during the last quarter. Finally, Grace & White Inc. NY bought a new position in shares of Alerus Financial in the 4th quarter worth approximately $4,930,000. 51.25% of the stock is currently owned by hedge funds and other institutional investors.

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.