Alerus Financial (NASDAQ:ALRS – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06), Yahoo Finance reports. The firm had revenue of $80.39 million for the quarter, compared to analysts’ expectations of $49.20 million. Alerus Financial had a net margin of 3.54% and a return on equity of 8.13%. During the same quarter last year, the company posted $0.45 EPS.
Alerus Financial Trading Up 0.3 %
Shares of NASDAQ:ALRS traded up $0.06 during trading on Thursday, hitting $22.00. The company had a trading volume of 45,973 shares, compared to its average volume of 52,672. Alerus Financial has a one year low of $16.80 and a one year high of $25.85. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.86 and a quick ratio of 0.85. The stock has a market cap of $435.16 million, a price-to-earnings ratio of 44.78 and a beta of 0.66. The company has a fifty day simple moving average of $19.51 and a two-hundred day simple moving average of $20.74.
Alerus Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 14th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.64%. This is a positive change from Alerus Financial’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, June 14th. Alerus Financial’s dividend payout ratio (DPR) is presently 163.27%.
Analysts Set New Price Targets
View Our Latest Stock Report on ALRS
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.
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