Alerus Financial Corporation (ALRS)
| Market Cap | 442.78M |
| Revenue (ttm) | 197.66M |
| Net Income (ttm) | 37.36M |
| Shares Out | 19.78M |
| EPS (ttm) | 1.84 |
| PE Ratio | 12.17 |
| Forward PE | 18.04 |
| Dividend | $0.76 (3.39%) |
| Ex-Dividend Date | Dec 26, 2023 |
| Volume | 62,652 |
| Open | 22.56 |
| Previous Close | 22.56 |
| Day's Range | 22.07 - 22.56 |
| 52-Week Range | 13.11 - 23.78 |
| Beta | 0.63 |
| Analysts | Hold |
| Price Target | 20.33 (-9.2%) |
| Earnings Date | Jan 24, 2024 |
About ALRS
Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial services to businesses and consumers. The company operates in four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. It offers various deposit products, including demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, checking accounts, and certificates of deposit; and treasury management products, including electronic receivables management... [Read more]
Financial Performance
In 2022, ALRS's revenue was $210.95 million, a decrease of -11.36% compared to the previous year's $237.99 million. Earnings were $40.01 million, a decrease of -24.06%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for ALRS stock is "Hold." The 12-month stock price forecast is $20.33, which is a decrease of -9.20% from the latest price.
News
Alerus Financial Corporation Sells $172.3M of Debt Securities and Uses Proceeds to Fund Loan Growth, Cut Borrowings
MINNEAPOLIS--(BUSINESS WIRE)--On December 15, 2023, Alerus Financial Corporation (NASDAQ: ALRS) completed the sale of $172.3 million of available-for-sale securities (“AFS”). The sale resulted in a on...
Alerus Financial Corporation Declares Cash Dividend on Common Shares and Announces New Stock Repurchase Program
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.19 per common share, a 5.56% increase o...
Alerus Financial Corporation Reports Third Quarter 2023 Net Income of $9.2 Million
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $9.2 million for the third quarter of 2023, or $0.45 per diluted common share, compare...
Alerus Financial Corporation to Announce Third Quarter Financial Results on Wednesday, October 25
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its third quarter financial results on Wednesday, October 25, 2023. Alerus Financial Corporation ...
Alerus Financial Corporation Declares Cash Dividend on Common Shares
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.19 per common share, a 5.56% increase o...
Alerus Financial Corporation Reports Second Quarter 2023 Net Income of $9.1 Million
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $9.1 million for the second quarter of 2023, or $0.45 per diluted common share, compar...
Alerus Financial Corporation to Announce Second Quarter Financial Results on Wednesday, July 26
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its second quarter financial results on Wednesday, July 26, 2023. Alerus Financial Corporation wi...
Alerus Financial Corporation Reports First Quarter 2023 Net Income of $8.2 Million
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $8.2 million for the first quarter of 2023, or $0.40 per diluted common share, compare...
Alerus Financial Corporation to Announce First Quarter Financial Results on Wednesday, April 26
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter financial results on Wednesday, April 26, 2023. Alerus Financial Corporation wi...
Alerus Financial Corporation Reports Fourth Quarter 2022 Net Income of $10.9 Million
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $10.9 million for the fourth quarter of 2022, or $0.53 per diluted common share, compared to net inco...
Alerus Financial Corporation to Announce Fourth Quarter and Full-Year 2022 Financial Results on Wednesday, January 25
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its fourth quarter and full-year 2022 financial results on Wednesday, January 25, 2023.
Alerus Financial Corporation Reports Third Quarter 2022 Net Income of $9.6 Million
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $9.6 million for the third quarter of 2022, or $0.47 per diluted common share, compared to net income o...
Alerus Financial Corporation to Announce Third Quarter 2022 Financial Results on Wednesday, October 26
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its third quarter 2022 financial results on Wednesday, October 26, 2022. Alerus Financial Corpora...
Alerus Financial Corporation Reports Second Quarter 2022 Net Income of $9.3 Million
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $9.3 million for the second quarter of 2022, or $0.52 per diluted common share, compared to net income ...
Alerus Financial Corporation Announces Executive Leadership Changes
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced a number of changes to its executive leadership team as part of its ongoing management success...
Alerus Completes Acquisition of Metro Phoenix Bank
GRAND FORKS, N.D. & PHOENIX--(BUSINESS WIRE)--Alerus Financial Corporation (“Alerus”) (NASDAQ: ALRS) announced today it has completed the previously announced acquisition of MPB BHC, Inc. (OTCPink: MP...
Alerus Financial Corporation to Announce Second Quarter 2022 Financial Results on Wednesday, July 27
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its second quarter 2022 financial results on Wednesday, July 27, 2022. Alerus Financial Cor...
Alerus Financial Corporation Names Jim Collins Chief Banking and Revenue Officer
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that industry veteran Jim Collins will join the Company as Executive Vice President and ...
Alerus Financial Corporation Announces Appointment of New Chairman
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced that, effective May 10, 2022, Dan Coughlin was appointed by the Board of Directors to serve as...
Alerus Financial Corporation Reports First Quarter 2022 Net Income of $10.2 Million
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $10.2 million for the first quarter of 2022, or $0.57 per diluted common share, compared to net i...
Alerus Financial Corporation to Announce First Quarter 2022 Financial Results on Wednesday, April 27
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter 2022 financial results on Wednesday, April 27, 2022. Alerus Financial Cor...
Alerus Financial Corporation Names New Chief Financial Officer and Chief Accounting Officer
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that Alan “Al” Villalon has been named Chief Financial Officer and Executive Vice Presid...
Alerus Financial Corporation Reports Fourth Quarter 2021 Net Income of $12.7 Million and Record Annual Net Income of $52.7 Million
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $12.7 million for the fourth quarter of 2021, or $0.72 per diluted common share, compared to net ...
Alerus Financial Corporation to Announce Fourth Quarter and Full-Year 2021 Financial Results on Wednesday, January 26
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its fourth quarter and full-year 2021 financial results after market close on Wednesday, Ja...
MPB BHC, INC., The Holding Company For Metro Phoenix Bank, Enters Into A Merger Agreement With Alerus Financial Corporation
PHOENIX, Dec. 8, 2021 /PRNewswire/ -- MPB BHC, INC. ("MPB") (OTCPink:MPHX), the holding company for Metro Phoenix Bank, announced today the signing of a merger agreement with Alerus Financial Corporat...