Alerus Financial (NASDAQ:ALRS) Price Target Raised to $25.00

Alerus Financial (NASDAQ:ALRS) had its price target hoisted by equities researchers at DA Davidson from $20.00 to $25.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 15.26% from the stock’s previous close. DA Davidson also issued estimates for Alerus Financial’s Q3 2025 earnings at $0.58 EPS.

ALRS has been the topic of several other research reports. Raymond James Financial restated an “outperform” rating and issued a $27.00 price objective (up previously from $24.00) on shares of Alerus Financial in a research report on Tuesday. Piper Sandler raised their price objective on shares of Alerus Financial from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Alerus Financial from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Tuesday.

Alerus Financial Price Performance

Shares of NASDAQ ALRS opened at $21.69 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $550.28 million, a PE ratio of 12.83 and a beta of 0.70. The business has a 50-day simple moving average of $21.73 and a two-hundred day simple moving average of $20.30. Alerus Financial has a fifty-two week low of $15.78 and a fifty-two week high of $24.41.

Alerus Financial (NASDAQ:ALRS) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.16. The business had revenue of $74.80 million during the quarter, compared to the consensus estimate of $69.96 million. Alerus Financial had a return on equity of 10.58% and a net margin of 11.06%. As a group, equities analysts expect that Alerus Financial will post 2.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Legal & General Group Plc lifted its stake in Alerus Financial by 32.7% in the 4th quarter. Legal & General Group Plc now owns 2,025 shares of the company’s stock worth $39,000 after purchasing an additional 499 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Alerus Financial by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,420 shares of the company’s stock worth $248,000 after purchasing an additional 546 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in Alerus Financial by 31.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,349 shares of the company’s stock worth $45,000 after purchasing an additional 568 shares in the last quarter. CWM LLC increased its stake in shares of Alerus Financial by 1.0% in the 1st quarter. CWM LLC now owns 59,755 shares of the company’s stock worth $1,103,000 after acquiring an additional 584 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Alerus Financial by 2.2% in the 4th quarter. Invesco Ltd. now owns 33,215 shares of the company’s stock worth $639,000 after acquiring an additional 717 shares during the last quarter. 51.25% of the stock is owned by hedge funds and other institutional investors.

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.