ALRS icon

Alerus Financial

19.78 USD
-0.21
1.05%
At close Dec 23, 4:00 PM EST
After hours
19.78
+0.00
0.00%
1 day
-1.05%
5 days
-10.13%
1 month
-10.66%
3 months
-9.31%
6 months
7.56%
Year to date
-10.46%
1 year
-12.86%
5 years
-13.51%
10 years
-10.09%
 

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

0
Funds holding %
of 6,809 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

150% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 6

27% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 26

21% more capital invested

Capital invested by funds: $188M [Q2] → $228M (+$39.7M) [Q3]

10% more funds holding

Funds holding: 93 [Q2] → 102 (+9) [Q3]

1.85% more ownership

Funds ownership: 48.42% [Q2] → 50.27% (+1.85%) [Q3]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]

Research analyst outlook

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

Low target
$23
16%
upside
Avg. target
$23
16%
upside
High target
$23
16%
upside

2 analyst ratings

positive
0%
neutral
100%
negative
0%
Keefe, Bruyette & Woods
Damon Delmonte
33% 1-year accuracy
7 / 21 met price target
16%upside
$23
Market Perform
Maintained
4 Dec 2024
Piper Sandler
Nathan Race
86% 1-year accuracy
18 / 21 met price target
16%upside
$23
Neutral
Maintained
31 Oct 2024

Financial journalist opinion

Neutral
Business Wire
1 week ago
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 December 11, 2024, a 5.26% increase over the dividend paid a year ago. The dividend is payable on January 17, 2025, to stockholders of record as of close of business on December 27, 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
Neutral
Business Wire
2 weeks ago
Alerus Financial Corporation Names Karin Taylor Chief Operating Officer
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) announced Jon Hendry, Executive Vice President and Chief Technology Officer, will retire at year end. As part of his planned succession, he will transition his responsibilities to Karin Taylor, who will assume the role of Executive Vice President and Chief Operating Officer, effective January 1, 2025. In addition, Joe Birkholz has joined the company as Chief Risk Officer. Ms. Taylor joined the Company as Chief Risk Office.
Alerus Financial Corporation Names Karin Taylor Chief Operating Officer
Negative
Zacks Investment Research
1 month ago
New Strong Sell Stocks for November 4th
ALRS, ABG and CLH have been added to the Zacks Rank #24 (Strong Sell) List on November 4, 2024.
New Strong Sell Stocks for November 4th
Neutral
Seeking Alpha
1 month ago
Alerus Financial Corporation (ALRS) Q3 2024 Earnings Call Transcript
Alerus Financial Corporation (NASDAQ:ALRS ) Q3 2024 Earnings Conference Call October 30, 2024 12:00 PM ET Company Participants Katie Lorenson - President and CEO Al Villalon - Chief Financial Officer Karin Taylor - Chief Operating and Risk Officer Jim Collins - Chief Revenue Officer and Head, Commercial Wealth Bank Forrest Wilson - Chief Retirement Services Officer Conference Call Participants Jeff Rulis - D.A. Davidson & Co. David Feaster - Raymond James Brendan Nosal - Hovde Nathan Race - Piper Sandler Damon DelMonte - KBW Operator Hello, everyone.
Alerus Financial Corporation (ALRS) Q3 2024 Earnings Call Transcript
Positive
Zacks Investment Research
1 month ago
Alerus (ALRS) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Alerus (ALRS) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Alerus (ALRS) Reports Q3 Earnings: What Key Metrics Have to Say
Negative
Zacks Investment Research
1 month ago
Alerus (ALRS) Misses Q3 Earnings and Revenue Estimates
Alerus (ALRS) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.45 per share a year ago.
Alerus (ALRS) Misses Q3 Earnings and Revenue Estimates
Neutral
Business Wire
1 month ago
Alerus Financial Corporation Reports Third Quarter 2024 Net Income of $5.2 Million
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $5.2 million for the third quarter of 2024, or $0.26 per diluted common share, compared to net income of $6.2 million, or $0.31 per diluted common share, for the second quarter of 2024, and net income of $9.2 million, or $0.45 per diluted common share, for the third quarter of 2023. CEO Comments President and Chief Executive Officer Katie Lorenson said, “Earlier this month we closed.
Alerus Financial Corporation Reports Third Quarter 2024 Net Income of $5.2 Million
Neutral
Business Wire
2 months ago
Alerus Financial Corporation Completes Acquisition of HMN Financial, Inc.
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) and its wholly owned subsidiary, Alerus Financial, National Association, (together, “Alerus”) announced today they have completed the previously announced acquisition of HMN Financial, Inc. (Nasdaq: HMNF) and its wholly owned subsidiary, Home Federal Savings Bank (together, “Home Federal”). Under the terms of the transaction, HMN Financial, Inc. merged with and into Alerus Financial Corporation, and Home Federal Sav.
Alerus Financial Corporation Completes Acquisition of HMN Financial, Inc.
Neutral
Business Wire
2 months ago
Alerus Financial Corporation to Announce Third Quarter Financial Results on Tuesday, October 29
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) announced that it will issue its third quarter financial results on Tuesday, October 29, 2024. Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Wednesday, October 30, 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 Infor.
Alerus Financial Corporation to Announce Third Quarter Financial Results on Tuesday, October 29
Neutral
Business Wire
2 months ago
Alerus Financial Corporation and HMN Financial, Inc. Receive Stockholder and Regulatory Approval to Proceed With Merger
GRAND FORKS, N.D. & ROCHESTER, Minn.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) and its wholly owned subsidiary, Alerus Financial, National Association, (together, “Alerus”) announced today they have received all regulatory approvals necessary to complete the previously announced acquisition of HMN Financial, Inc. (Nasdaq: HMNF) and its wholly owned subsidiary, Home Federal Savings Bank (together, “Home Federal”). The merger was unanimously approved by the board of directors.
Alerus Financial Corporation and HMN Financial, Inc. Receive Stockholder and Regulatory Approval to Proceed With Merger
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