Alerus Financial Co. (NASDAQ:ALRS) Stake Lessened by Black Maple Capital Management LP

Black Maple Capital Management LP decreased its holdings in shares of Alerus Financial Co. (NASDAQ:ALRS) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,628 shares of the company’s stock after selling 1,913 shares during the quarter. Black Maple Capital Management LP’s holdings in Alerus Financial were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ALRS. Barclays PLC grew its stake in Alerus Financial by 58.8% during the 3rd quarter. Barclays PLC now owns 44,399 shares of the company’s stock valued at $1,017,000 after acquiring an additional 16,436 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Alerus Financial by 207.4% during the third quarter. JPMorgan Chase & Co. now owns 24,214 shares of the company’s stock worth $554,000 after purchasing an additional 16,336 shares during the period. SG Americas Securities LLC grew its position in Alerus Financial by 41.6% during the fourth quarter. SG Americas Securities LLC now owns 8,812 shares of the company’s stock valued at $170,000 after purchasing an additional 2,590 shares in the last quarter. Inspire Investing LLC increased its stake in Alerus Financial by 14.9% in the 4th quarter. Inspire Investing LLC now owns 20,947 shares of the company’s stock valued at $403,000 after buying an additional 2,717 shares during the period. Finally, Sippican Capital Advisors lifted its position in Alerus Financial by 5.8% in the 4th quarter. Sippican Capital Advisors now owns 85,205 shares of the company’s stock worth $1,639,000 after buying an additional 4,680 shares in the last quarter. 51.25% of the stock is owned by institutional investors and hedge funds.

Alerus Financial Stock Up 2.7 %

Alerus Financial stock opened at $20.64 on Friday. The company has a market capitalization of $526.55 million, a P/E ratio of 20.24 and a beta of 0.67. Alerus Financial Co. has a 1-year low of $15.78 and a 1-year high of $24.41. The firm’s fifty day simple moving average is $18.22 and its 200-day simple moving average is $20.14. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.15.

Alerus Financial (NASDAQ:ALRS) last posted its earnings results on Monday, April 28th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.13. The company had revenue of $68.79 million for the quarter, compared to analyst estimates of $66.20 million. Alerus Financial had a return on equity of 7.66% and a net margin of 6.26%. Sell-side analysts forecast that Alerus Financial Co. will post 2.14 earnings per share for the current fiscal year.

Alerus Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 14th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 3.88%. Alerus Financial’s dividend payout ratio (DPR) is currently 78.43%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ALRS. Keefe, Bruyette & Woods boosted their price target on shares of Alerus Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Wednesday. Piper Sandler lifted their price objective on Alerus Financial from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday. Raymond James reaffirmed an “outperform” rating and issued a $24.00 target price (up from $22.00) on shares of Alerus Financial in a research report on Thursday, January 30th. Finally, DA Davidson reiterated a “neutral” rating and set a $23.00 price target on shares of Alerus Financial in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $23.00.

Alerus Financial 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.