Alerus Financial
ALRS

$22.06

3.37%

Market Cap: $436M

About: Alerus Financial Corp is a financial holding company registered in the United States. The company operates in four segments: Banking, Retirement & Benefit Services, Wealth Management, and Mortgage. It provides various banking services such as checking, debit cards, savings, current deposits, loans and advances, online banking, mobile banking, private banking, payment solutions, and other business products. Additionally, the company provides mortgage loans, retirement planning solutions, individual retirement accounts, retirement plan advisory services as well as wealth management services, including financial & estate planning, trust, and fiduciary services. The company's revenue mainly consists of interest income, commission, management fees, and other income.

Employees: 754

Financials National Commercial Banks

0

Funds holding %

of 6,728 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]

76% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 21

64% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 11

8% more funds holding

Funds holding: 86 [Q1] → 93 (+7) [Q2]

0.73% more ownership

Funds ownership: 47.4% [Q1] → 48.12% (+0.73%) [Q2]

9% less capital invested

Capital invested by funds: $204M [Q1] → $187M (-$17.6M) [Q2]

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $8K

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Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$23

4%

upside

Avg. target

$24

7%

upside

High target

$24

9%

upside

4 analyst ratings

1 positive

25%

3 neutral

75%

0 negative

0%

Raymond James William Wallace 100% 1-year accuracy 3 / 3 met price target	9%upside $24	Outperform Upgraded	17 Sept 2024
DA Davidson Jeffrey Rulis 100% 1-year accuracy 1 / 1 met price target	4%upside $23	Neutral Maintained	1 Aug 2024
Keefe, Bruyette & Woods Damon Delmonte 36% 1-year accuracy 5 / 14 met price target	4%upside $23	Market Perform Maintained	29 Jul 2024
Piper Sandler Nathan Race 80% 1-year accuracy 16 / 20 met price target	9%upside $24	Neutral Maintained	29 Jul 2024

See Analyst Rankings

Financial journalist opinion

Zacks Investment Research

Alerus (ALRS)'s Technical Outlook is Bright After Key Golden Cross

Alerus Financial (ALRS) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ALRS's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.

Alerus (ALRS)'s Technical Outlook is Bright After Key Golden Cross

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 $0.20 per common share on August 20, 2024, a 5.26% increase over the dividend paid a year ago. The dividend is payable on October 11, 2024, to stockholders of record as of close of business on September 13, 2024. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call.

Alerus Financial Corporation Declares Cash Dividend on Common Shares

HMN FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HMN Financial, Inc. - HMNF

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of HMN Financial, Inc. (NasdaqGM: HMNF) to Alerus Financial Corporation (NasdaqCM: ALRS). Under the terms of the proposed transaction, shareholders of HMN will receive 1.25 shares of Alerus for each share of HMN that they own. KSF is seeking to determine whether this consideration and the process that led to it a.

HMN FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HMN Financial, Inc. - HMNF

Zacks Investment Research

Is the Options Market Predicting a Spike in Alerus Financial (ALRS) Stock?

Investors need to pay close attention to Alerus Financial (ALRS) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Alerus Financial (ALRS) Stock?

Alerus Financial Corporation (ALRS) Q2 2024 Earnings Call Transcript

Alerus Financial Corporation (NASDAQ:ALRS ) Q2 2024 Earnings Conference Call July 25, 2024 12:00 PM ET Company Participants Katie Lorenson – President and Chief Executive Officer Al Villalon – Chief Financial Officer Karin Taylor – Chief Risk and Operating Officer Jim Collins – Chief Banking and Revenue Officer Forrest Wilson – Chief Retirement Services Officer, Conference Call Participants Brendan Nosal – Hovde Group David Feaster – Raymond James Nathan Race – Piper Sandler Matt Renck – KBW Operator Good afternoon. Welcome to the Alerus Financial Corporation Earnings Conference Call.

Alerus Financial Corporation (ALRS) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Here's What Key Metrics Tell Us About Alerus (ALRS) Q2 Earnings

The headline numbers for Alerus (ALRS) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Alerus (ALRS) Q2 Earnings

Zacks Investment Research

Alerus (ALRS) Misses Q2 Earnings Estimates

Alerus (ALRS) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.45 per share a year ago.

Alerus (ALRS) Misses Q2 Earnings Estimates

Alerus Financial Corporation to Announce Second Quarter Financial Results on Wednesday, July 24

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) announced that it will issue its second quarter financial results on Wednesday, July 24, 2024. Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Thursday, July 25, 2024, to discuss its financial results. Analysts and institutional investors may participate in the question-and-answer session. Attendees are encouraged to register ahead of time for the call. Conference Call Informati.

Alerus Financial Corporation to Announce Second Quarter Financial Results on Wednesday, July 24

Alerus Adds Equipment Finance Team

PHOENIX--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) is pleased to announce it is expanding its specialty lending capabilities with the addition of an experienced team focused on providing equipment financing to commercial banking clients throughout the company's geographic footprint. Brian Scott joins Alerus as managing director of the equipment finance team. In this role, he oversees the team's activities and guides lending activities for clients across a range of industries.

Alerus Adds Equipment Finance Team

10 Upcoming Dividend Increases

This article features ten companies with a history of raising their dividends, including two well-known insurance companies. The average dividend increase among the featured companies is 7.7%, with a median increase of 7.6%. My investment strategy involves buying companies that consistently increase their dividends and outperform a benchmark.

10 Upcoming Dividend Increases

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