What is DA Davidson’s Estimate for ALRS Q1 Earnings?

Alerus Financial Co. (NASDAQ:ALRS) – Equities research analysts at DA Davidson issued their Q1 2025 earnings per share estimates for Alerus Financial in a report released on Thursday, January 30th. DA Davidson analyst J. Rulis anticipates that the company will post earnings per share of $0.44 for the quarter. DA Davidson currently has a “Neutral” rating and a $23.00 price target on the stock. The consensus estimate for Alerus Financial’s current full-year earnings is $0.71 per share.

Other equities research analysts also recently issued research reports about the company. Raymond James reaffirmed an “outperform” rating and issued a $24.00 target price (up previously from $22.00) on shares of Alerus Financial in a report on Thursday. Piper Sandler upped their price objective on Alerus Financial from $21.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Alerus Financial presently has a consensus rating of “Hold” and an average target price of $23.40.

Alerus Financial Stock Performance

NASDAQ ALRS opened at $21.37 on Friday. The firm’s 50 day simple moving average is $20.44 and its 200 day simple moving average is $21.48. The firm has a market capitalization of $541.52 million, a price-to-earnings ratio of 133.57 and a beta of 0.71. 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 1 year low of $17.99 and a 1 year high of $24.69.

Alerus Financial (NASDAQ:ALRS) last announced its quarterly earnings data 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 net margin of 1.01% and a return on equity of 6.02%.

Hedge Funds Weigh In On Alerus Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in ALRS. Rhumbline Advisers boosted its position in Alerus Financial by 13.7% during the fourth quarter. Rhumbline Advisers now owns 31,143 shares of the company’s stock valued at $599,000 after acquiring an additional 3,746 shares during the last quarter. Grace & White Inc. NY bought a new stake in shares of Alerus Financial during the 4th quarter valued at about $4,930,000. Empowered Funds LLC grew its stake in Alerus Financial by 70.8% during the fourth quarter. Empowered Funds LLC now owns 80,184 shares of the company’s stock worth $1,543,000 after purchasing an additional 33,247 shares during the period. Choreo LLC acquired a new position in Alerus Financial in the fourth quarter valued at approximately $2,620,000. Finally, Sippican Capital Advisors boosted its holdings in shares of Alerus Financial by 5.8% during the 4th quarter. Sippican Capital Advisors now owns 85,205 shares of the company’s stock worth $1,639,000 after buying an additional 4,680 shares in the last quarter. 51.25% of the stock is owned by institutional investors and hedge funds.

Alerus Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 27th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.74%. The ex-dividend date was Friday, December 27th. Alerus Financial’s dividend payout ratio is currently 500.03%.

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.