Weekly Research Analysts’ Ratings Updates for Alerus Financial (ALRS)

Several brokerages have updated their recommendations and price targets on shares of Alerus Financial (NASDAQ: ALRS) in the last few weeks:

• 5/6/2026 – Alerus Financial was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
• 5/4/2026 – Alerus Financial was upgraded by Zacks Research from “hold” to “strong-buy”.
• 5/3/2026 – Alerus Financial was upgraded by Wall Street Zen from “sell” to “hold”.
• 5/1/2026 – Alerus Financial had its price target raised by Piper Sandler from $28.00 to $28.50. They now have a “neutral” rating on the stock.
• 5/1/2026 – Alerus Financial had its price target raised by DA Davidson from $26.00 to $29.00. They now have a “neutral” rating on the stock.
• 5/1/2026 – Alerus Financial had its price target raised by Keefe, Bruyette & Woods from $25.00 to $27.00. They now have a “market perform” rating on the stock.
• 4/25/2026 – Alerus Financial was downgraded by Wall Street Zen from “hold” to “sell”.
• 4/2/2026 – Alerus Financial was downgraded by Zacks Research from “strong-buy” to “hold”.

Alerus Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, March 27th. Alerus Financial’s dividend payout ratio is presently 81.55%.

Alerus Financial Corporation (NASDAQ: ALRS) is a diversified financial services company headquartered in Grand Forks, North Dakota. The firm provides a full range of commercial and consumer banking products, including deposit accounts, lending solutions and treasury management services for individuals, small businesses and larger corporate clients. Through its community banking network, Alerus emphasizes local decision-making and personalized service to meet the needs of its varied client base.

In addition to traditional banking offerings, Alerus operates a national mortgage origination and servicing platform that delivers home purchase and refinance loans.