Alerus Financial (ALRS) Projected to Post Quarterly Earnings on Monday

Alerus Financial (NASDAQ:ALRS) is anticipated to issue its quarterly earnings data after the market closes on Monday, April 28th. Analysts expect the company to announce earnings of $0.43 per share and revenue of $66.20 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Alerus Financial (NASDAQ:ALRS) last released its earnings results on Tuesday, January 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.16. Alerus Financial had a return on equity of 7.66% and a net margin of 6.26%. On average, analysts expect Alerus Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Alerus Financial Stock Performance

Shares of Alerus Financial stock opened at $17.00 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $433.69 million, a price-to-earnings ratio of 16.67 and a beta of 0.67. The stock’s 50-day moving average is $18.74 and its 200-day moving average is $20.44. Alerus Financial has a one year low of $15.78 and a one year high of $24.41.

Alerus Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 14th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date was Friday, March 14th. Alerus Financial’s dividend payout ratio (DPR) is currently 78.43%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ALRS. DA Davidson reissued a “neutral” rating and issued a $23.00 price objective on shares of Alerus Financial in a research report on Thursday, January 30th. Raymond James restated an “outperform” rating and set a $24.00 price objective (up from $22.00) on shares of Alerus Financial in a research note on Thursday, January 30th. Finally, Piper Sandler lifted their target price on Alerus Financial from $21.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Alerus Financial presently has an average rating of “Hold” and an average target price of $23.40.

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.