Alerus Financial (NASDAQ:ALRS) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Alerus Financial (NASDAQ:ALRS) issued its earnings results on Thursday. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01, Yahoo Finance reports. The business had revenue of $74.36 million during the quarter, compared to analysts’ expectations of $47.40 million. Alerus Financial had a return on equity of 8.69% and a net margin of 4.34%. During the same quarter in the previous year, the business earned $0.40 EPS.

Alerus Financial Stock Down 2.2 %

NASDAQ ALRS opened at $20.54 on Friday. The stock has a market cap of $405.42 million, a PE ratio of 36.04 and a beta of 0.65. The business has a 50 day moving average price of $21.35 and a two-hundred day moving average price of $20.56. Alerus Financial has a fifty-two week low of $13.11 and a fifty-two week high of $25.85. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.16.

Alerus Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.70%. The ex-dividend date was Thursday, March 14th. Alerus Financial’s dividend payout ratio (DPR) is presently 133.33%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ALRS. DA Davidson boosted their price objective on shares of Alerus Financial from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. TheStreet cut shares of Alerus Financial from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th.

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.