Alerus Financial (ALRS)

• Market cap: $462M
• 1 day: -1.30%
• 5 days: -5.79%
• 1 month: -15.13%
• 3 months: -17.29%
• 6 months: -15.29%
• Year to date: -4.75%
• 1 year: -17.77%
• 5 years: 8.90%
• 10 years: -17.14%
• Sector: Financials
• Industry: National Commercial Banks

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

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

1,019% more call options, than puts

Call options by funds: $235K | Put options by funds: $21K

183% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 18

100% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]

67% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 15

12% more capital invested

Capital invested by funds: $228M [Q3] → $256M (+$28M) [Q4]

9% more funds holding

Funds holding: 102 [Q3] → 111 (+9) [Q4]

2.11% more ownership

Funds ownership: 50.4% [Q3] → 52.5% (+2.11%) [Q4]

Research analyst outlook

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

• Low target: $23 26% upside
• Avg. target: $24 30% upside
• High target: $24 32% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

DA Davidson Jeffrey Rulis 50% 1-year accuracy 1 / 2 met price target	26% upside $23	Neutral Maintained	30 Jan 2025
Raymond James David Long 25% 1-year accuracy 3 / 12 met price target	32% upside $24	Outperform Reiterated	30 Jan 2025
Piper Sandler Nathan Race 42% 1-year accuracy 11 / 26 met price target	32% upside $24	Neutral Maintained	30 Jan 2025