Alerus Financial (NASDAQ:ALRS) Announces Earnings Results, Beats Expectations By $0.01 EPS

Alerus Financial (NASDAQ:ALRS) posted its earnings results on Thursday. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01, Yahoo Finance reports. Alerus Financial had a return on equity of 8.20% and a net margin of 3.54%. The firm had revenue of $74.36 million for the quarter, compared to analyst estimates of $47.40 million. During the same quarter in the prior year, the company earned $0.40 EPS.

Alerus Financial Trading Down 1.2 %

Shares of ALRS stock traded down $0.24 on Friday, reaching $20.30. 24,403 shares of the stock were exchanged, compared to its average volume of 28,953. The stock has a market cap of $400.72 million, a P/E ratio of 41.43 and a beta of 0.65. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $21.30 and a two-hundred day moving average of $20.57. Alerus Financial has a 1-year low of $13.11 and a 1-year high of $25.85.

Alerus Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.74%. Alerus Financial’s payout ratio is 155.11%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ALRS shares. TheStreet lowered Alerus Financial from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th. DA Davidson increased their price target on Alerus Financial from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th.

Alerus Financial Company Profile

Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that engages in the provision of various financial services to businesses and consumers. The company operates in four segments: Banking, Mortgage, Retirement and Benefit Services, and Wealth Management.