Alerus Financial Co. (NASDAQ:ALRS) declared a quarterly dividend on Tuesday, November 23rd, Zacks reports. Investors of record on Friday, December 24th will be paid a dividend of 0.16 per share on Friday, January 14th. This represents a $0.64 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Wednesday, December 22nd.
Shares of NASDAQ:ALRS opened at $32.90 on Thursday. The stock has a market cap of $566.14 million, a price-to-earnings ratio of 11.63 and a beta of 0.78. The company has a quick ratio of 0.70, a current ratio of 0.72 and a debt-to-equity ratio of 0.17. Alerus Financial has a 12-month low of $23.99 and a 12-month high of $38.31. The business’s 50 day moving average is $31.66 and its 200 day moving average is $30.64.
Alerus Financial (NASDAQ:ALRS) last announced its earnings results on Tuesday, October 26th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.24. Alerus Financial had a return on equity of 14.78% and a net margin of 20.39%. During the same quarter in the previous year, the business earned $0.99 EPS. As a group, equities research analysts expect that Alerus Financial will post 2.81 earnings per share for the current year.
Separately, Zacks Investment Research raised Alerus Financial from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Friday, October 29th.
About Alerus Financial
Alerus Financial Corp. engages in the provision of business and consumer financial products and services through its subsidiary, Alerus Financial NA. It operates through the following segments: Banking, Retirement & Benefit Services, Wealth Management, Mortgage, and Corporate Administration. The Banking segment provides lending and deposit products.
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