Alerus Financial (NASDAQ:ALRS) Releases Earnings Results, Beats Estimates By $0.16 EPS

Alerus Financial (NASDAQ:ALRS) announced its earnings results on Tuesday. The company reported $0.44 earnings per share (EPS) for the quarter, beating 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 Stock Performance

ALRS stock traded down $0.04 during mid-day trading on Tuesday, hitting $20.18. The company had a trading volume of 39,733 shares, 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 stock’s fifty day moving average price is $20.50 and its two-hundred day moving average price is $21.49. The firm has a market cap of $511.36 million, a PE ratio of 126.13 and a beta of 0.71. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.85 and a current ratio of 0.85.

Alerus Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 27th were issued a dividend of $0.20 per share. The ex-dividend date 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 (DPR) is presently 500.03%.

Wall Street Analysts Forecast Growth

ALRS has been the topic of a number of analyst reports. Piper Sandler cut their price objective on shares of Alerus Financial from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Raymond James started coverage on shares of Alerus Financial in a report on Tuesday, January 14th. They set an “outperform” rating and a $22.00 price target on the stock. Finally, Keefe, Bruyette & Woods increased 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 note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $22.80.

Alerus Financial Company Profile

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.