Alerus Financial (NASDAQ:ALRS) Given New $26.00 Price Target at DA Davidson

Alerus Financial (NASDAQ:ALRS) had its price objective raised by DA Davidson from $25.00 to $26.00 in a research report released on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Hovde Group cut Alerus Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 7th. Zacks Research upgraded shares of Alerus Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Raymond James Financial upgraded shares of Alerus Financial from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $25.00 to $27.00 in a report on Monday, January 5th. Weiss Ratings raised shares of Alerus Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods increased their target price on shares of Alerus Financial from $24.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

Alerus Financial Price Performance

ALRS opened at $24.62 on Friday. The company has a fifty day moving average price of $22.99 and a two-hundred day moving average price of $22.23. The firm has a market capitalization of $625.27 million, a PE ratio of 37.30 and a beta of 0.66. Alerus Financial has a 52 week low of $15.78 and a 52 week high of $25.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.89 and a current ratio of 0.89.

Alerus Financial (NASDAQ:ALRS) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.28. Alerus Financial had a return on equity of 13.38% and a net margin of 4.36%.The company had revenue of $77.07 million for the quarter, compared to the consensus estimate of $71.43 million. As a group, analysts anticipate that Alerus Financial will post 2.14 earnings per share for the current year.

Alerus Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, December 26th. Alerus Financial’s payout ratio is currently 127.27%.

Hedge Funds Weigh In On Alerus Financial

Large investors have recently added to or reduced their stakes in the company. Thompson Investment Management Inc. acquired a new stake in shares of Alerus Financial in the 2nd quarter valued at about $32,000. NewEdge Advisors LLC boosted its position in shares of Alerus Financial by 90.1% during the second quarter. NewEdge Advisors LLC now owns 1,544 shares of the company’s stock worth $33,000 after buying an additional 732 shares during the period. CIBC Private Wealth Group LLC bought a new position in shares of Alerus Financial during the third quarter worth about $52,000. AlphaQuest LLC acquired a new stake in Alerus Financial in the 3rd quarter valued at approximately $59,000. Finally, Tower Research Capital LLC TRC lifted its stake in Alerus Financial by 172.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,371 shares of the company’s stock valued at $73,000 after acquiring an additional 2,135 shares in the last quarter. Institutional investors own 51.25% of the company’s stock.

Trending Headlines about Alerus Financial

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

• Positive Sentiment: Zacks upgraded Alerus from “hold” to a “strong-buy,” signaling stronger buy-side interest and likely contributing to demand for the shares. Zacks Upgrade Coverage
• Positive Sentiment: Q4 results beat expectations — EPS $0.85 vs. $0.57 consensus and revenue above estimates — reinforcing the view of improving fundamentals and helping justify higher valuations. Earnings Beat
• Positive Sentiment: DA Davidson raised its price target from $25 to $26 (maintaining a “neutral” rating) — the higher target implies modest upside and supports near-term price appreciation. DA Davidson Note
• Positive Sentiment: Zacks added ALRS to its Rank #1 (Strong Buy) value stocks list, which can attract value-oriented investors and increase buying interest. Zacks Rank #1
• Neutral Sentiment: Keefe, Bruyette & Woods raised its target from $24 to $25 and kept a “market perform” rating — a small lift but not a definitive buy signal. KBW Note Coverage
• Neutral Sentiment: Company earnings call materials and transcript discuss strategic deleveraging and other execution items — useful for longer-term thesis but broader impact depends on follow-through. Call Highlights Transcript Presentation

Alerus Financial Company Profile

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.