Alerus Financial (NASDAQ:ALRS) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Alerus Financial (NASDAQ:ALRS) announced its earnings results on Wednesday. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.05, FiscalAI reports. The firm had revenue of $79.52 million during the quarter, compared to analyst estimates of $76.72 million. Alerus Financial had a return on equity of 14.48% and a net margin of 7.35%.

Alerus Financial Stock Up 2.4%

ALRS stock opened at $33.03 on Friday. The stock has a fifty day moving average of $32.35 and a 200-day moving average of $28.73. Alerus Financial has a fifty-two week low of $20.31 and a fifty-two week high of $34.40. The company has a market capitalization of $823.44 million, a price-to-earnings ratio of 28.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.90.

Alerus Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, September 25th. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. Alerus Financial’s dividend payout ratio is presently 83.02%.

Insider Transactions at Alerus Financial

In other Alerus Financial news, Director Jeffrey Bolton acquired 1,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were acquired at an average cost of $32.45 per share, with a total value of $32,450.00. Following the completion of the acquisition, the director directly owned 15,163 shares in the company, valued at $492,039.35. This trade represents a 7.06% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.30% of the company’s stock.

Key Alerus Financial News

Here are the key news stories impacting Alerus Financial this week:

• Positive Sentiment: Alerus reported third-quarter adjusted EPS of $0.71, above the $0.66-$0.67 analyst consensus. EPS also increased from $0.66 a year earlier, indicating improved earnings performance. Earnings Flash
• Positive Sentiment: Revenue reached $79.5 million, exceeding the $76.7 million consensus estimate. Net interest income rose 8.3% year over year to $46.7 million, while noninterest income increased 16.7% to $34.4 million, supporting the revenue beat. Alerus Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Loans grew $150.5 million, or 3.7%, from the prior quarter to $4.2 billion, while deposits rose 2.7% to $4.3 billion. Alerus also repurchased $8.2 million of stock, reducing shares outstanding by approximately 250,000 and potentially supporting per-share results. Alerus Reports Third-Quarter Net Income
• Neutral Sentiment: Management discussed the results during the October 29 earnings call, giving investors additional commentary on operating performance and the outlook. Q3 2026 Earnings Call Transcript
• Negative Sentiment: GAAP net income was $19.2 million, or $0.76 diluted EPS, up from $16.9 million a year earlier but down from $20.9 million in the second quarter. With ALRS trading near its annual high and at a comparatively elevated P/E, expectations for continued growth may be substantial. Alerus Q3 2026 Results

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Alerus Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research lowered shares of Alerus Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 20th. Weiss Ratings lowered shares of Alerus Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Keefe, Bruyette & Woods boosted their target price on shares of Alerus Financial from $29.00 to $32.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Finally, Raymond James Financial reissued an “outperform” rating and set a $37.00 target price on shares of Alerus Financial in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.75.

About Alerus Financial

Alerus Financial Corporation is a diversified financial services company and the holding company for Alerus Financial, N.A. Through its banking subsidiary, the company provides consumer and commercial banking services, including checking and savings accounts, residential and commercial lending, treasury management, and digital banking solutions.

The company also offers wealth management, investment advisory, trust, retirement plan administration, and employee benefit services. These offerings are designed to serve individuals, families, businesses, nonprofit organizations, and employers through an integrated banking and financial planning model.

Alerus traces its roots to 1933 and serves clients through offices and operations in portions of the Upper Midwest and other selected U.S.