Alerus Financial (NASDAQ:ALRS) Posts Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Alerus Financial (NASDAQ:ALRS) issued its quarterly earnings data on Tuesday. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.16, Zacks reports. Alerus Financial had a net margin of 1.01% and a return on equity of 6.02%.

Alerus Financial Stock Up 3.8 %

Shares of NASDAQ:ALRS opened at $20.95 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.15. Alerus Financial has a 12 month low of $17.99 and a 12 month high of $25.85. The company has a 50-day moving average price of $20.45 and a 200 day moving average price of $21.49. The company has a market cap of $530.87 million, a price-to-earnings ratio of 130.95 and a beta of 0.71.

Alerus Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 27th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.80 annualized dividend and a dividend yield of 3.82%. Alerus Financial’s dividend payout ratio (DPR) is 500.03%.

Analyst Ratings Changes

Several research firms recently weighed in on ALRS. Keefe, Bruyette & Woods lifted their target price on Alerus Financial from $22.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler cut their price target on Alerus Financial from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Raymond James began coverage on Alerus Financial in a research report on Tuesday, January 14th. They set an “outperform” rating and a $22.00 target price for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.80.

About Alerus Financial

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.