Alerus FinancialALRS
ALRS
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 6,831 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
200% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 5
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 (+$40.1M) [Q3]
10% more funds holding
Funds holding: 93 [Q2] → 102 (+9) [Q3]
1.94% more ownership
Funds ownership: 48.46% [Q2] → 50.4% (+1.94%) [Q3]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$23
9%
upside
Avg. target
$24
11%
upside
High target
$24
14%
upside
4 analyst ratings
1 positive
25%
3 neutral
75%
0 negative
0%
DA Davidson Jeffrey Rulis 100% 1-year accuracy 2 / 2 met price target | 9%upside $23 | Neutral Maintained | 30 Jan 2025 |
Raymond James David Long 69% 1-year accuracy 9 / 13 met price target | 14%upside $24 | Outperform Reiterated | 30 Jan 2025 |
Piper Sandler Nathan Race 69% 1-year accuracy 18 / 26 met price target | 14%upside $24 | Neutral Maintained | 30 Jan 2025 |
Keefe, Bruyette & Woods Damon Delmonte 56% 1-year accuracy 14 / 25 met price target | 9%upside $23 | Market Perform Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 7 articles about ALRS published over the past 30 days
Neutral
Seeking Alpha
3 days ago
Alerus Financial Corporation (ALRS) Q4 2024 Earnings Call Transcript
Alerus Financial Corporation (NASDAQ:ALRS ) Q4 2024 Earnings Conference Call January 29, 2025 12:00 PM ET Company Participants Katie Lorenson - President and Chief Executive Officer Al Villalon - Executive Vice President and Chief Financial Officer Karin Taylor - Executive Vice President and Chief Operating Officer Forrest Wilson - Executive Vice President and Chief Retirement Services Officer Jim Collins - Executive Vice President and Chief Banking and Revenue Officer Conference Call Participants Nathan Race - Piper Sandler Brendan Nosal - Hovde Group Jeff Rulis - D.A. Davidson Damon DelMonte - KBW David Long - Raymond James Operator Good morning, afternoon, and evening, and welcome to the Alerus Financial Corporation Earnings Conference Call.
Positive
Zacks Investment Research
4 days ago
Here's What Key Metrics Tell Us About Alerus (ALRS) Q4 Earnings
The headline numbers for Alerus (ALRS) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
4 days ago
Alerus (ALRS) Q4 Earnings and Revenues Beat Estimates
Alerus (ALRS) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.24 per share a year ago.
Neutral
Business Wire
4 days ago
Alerus Financial Corporation Reports Fourth Quarter 2024 Net Income of $3.2 Million
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $3.2 million for the fourth quarter of 2024, or $0.13 per diluted common share, compared to net income of $5.2 million, or $0.26 per diluted common share, for the third quarter of 2024, and net loss of $14.8 million, or ($0.73) per diluted common share, for the fourth quarter of 2023. CEO Comments President and Chief Executive Officer Katie Lorenson said, “We are pleased to end 2024.
Neutral
Business Wire
1 week ago
Alerus Financial Corporation to Announce Fourth Quarter Financial Results on Tuesday, January 28
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) announced that it will issue its third quarter financial results on Tuesday, January 28, 2025. Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Wednesday, January 29, 2025, 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.
Negative
Zacks Investment Research
2 weeks ago
Earnings Preview: Alerus (ALRS) Q4 Earnings Expected to Decline
Alerus (ALRS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Negative
Zacks Investment Research
2 weeks ago
New Strong Sell Stocks for January 13th
NGLOY, WMS and ALRS have been added to the Zacks Rank #5 (Strong Sell) List on January 13, 2024.
Neutral
Business Wire
1 month 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.
Neutral
Business Wire
1 month 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.
Negative
Zacks Investment Research
2 months 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.
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