Alerus Financial (ALRS) To Go Ex-Dividend on March 27th

Alerus Financial (NASDAQ:ALRS) declared a quarterly dividend on Wednesday, February 25th. Stockholders of record on Friday, March 27th will be given a dividend of 0.21 per share on Friday, April 10th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, March 27th.

Alerus Financial has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 25 consecutive years. Alerus Financial has a payout ratio of 35.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Alerus Financial to earn $2.43 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 34.6%.

Alerus Financial Stock Up 0.3%

Shares of Alerus Financial stock opened at $24.09 on Wednesday. Alerus Financial has a twelve month low of $15.78 and a twelve month high of $26.32. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average is $24.42 and its 200 day moving average is $22.94. The company has a market cap of $611.89 million, a price-to-earnings ratio of 36.50 and a beta of 0.63.

Alerus Financial (NASDAQ:ALRS) last posted its earnings results on Wednesday, January 28th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.28. The business had revenue of $77.07 million during the quarter, compared to the consensus estimate of $71.43 million. Alerus Financial had a net margin of 4.36% and a return on equity of 13.18%. Research analysts anticipate that Alerus Financial will post 2.14 EPS for the current year.

Institutional Trading of Alerus Financial

Several hedge funds have recently bought and sold shares of ALRS. CANADA LIFE ASSURANCE Co raised its position in shares of Alerus Financial by 25.7% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,222 shares of the company’s stock valued at $50,000 after purchasing an additional 455 shares during the period. Larson Financial Group LLC boosted its holdings in Alerus Financial by 50.0% in the 4th quarter. Larson Financial Group LLC now owns 1,500 shares of the company’s stock worth $34,000 after buying an additional 500 shares during the period. Gator Capital Management LLC boosted its holdings in Alerus Financial by 0.8% in the 4th quarter. Gator Capital Management LLC now owns 65,410 shares of the company’s stock worth $1,473,000 after buying an additional 505 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Alerus Financial by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,420 shares of the company’s stock worth $248,000 after buying an additional 546 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in Alerus Financial by 1.8% in the 2nd quarter. Hsbc Holdings PLC now owns 33,576 shares of the company’s stock worth $734,000 after buying an additional 586 shares in the last quarter. Institutional investors own 51.25% of the company’s stock.

About Alerus Financial

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.