Alerus Financial (NASDAQ:ALRS) Announces Earnings Results, Beats Estimates By $0.04 EPS

Posted by on Jul 29th, 2026

Alerus Financial (NASDAQ:ALRS – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.76 by $0.04, FiscalAI reports. The business had revenue of $80.00 million during the quarter, compared to analyst estimates of $76.99 million. Alerus Financial had a net margin of 6.74% and a return on equity of 14.39%.

Alerus Financial Stock Down 0.5%

NASDAQ:ALRS traded down $0.18 during trading hours on Wednesday, reaching $32.95. 255,374 shares of the company traded hands, compared to its average volume of 178,448. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.10. The business’s 50-day moving average price is $30.34 and its two-hundred day moving average price is $26.78. Alerus Financial has a 1 year low of $20.26 and a 1 year high of $33.44. The stock has a market capitalization of $828.03 million, a P/E ratio of 31.99 and a beta of 0.68.

Alerus Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a dividend of $0.22 per share. This is a boost from Alerus Financial’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.88 dividend on an annualized basis and a yield of 2.7%. Alerus Financial’s dividend payout ratio is 85.44%.

Analyst Ratings Changes

A number of research analysts have weighed in on ALRS shares. DA Davidson upped their target price on Alerus Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Piper Sandler lifted their price target on Alerus Financial from $28.50 to $32.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Weiss Ratings raised Alerus Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Keefe, Bruyette & Woods increased their price objective on Alerus Financial from $25.00 to $27.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. Finally, Wall Street Zen raised Alerus Financial from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Alerus Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.50.

Read Our Latest Stock Analysis on ALRS

Hedge Funds Weigh In On Alerus Financial

A number of hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in Alerus Financial by 265.7% in the second quarter. AQR Capital Management LLC now owns 236,720 shares of the company’s stock worth $5,123,000 after buying an additional 171,984 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Alerus Financial by 37.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 298,060 shares of the company’s stock worth $6,712,000 after acquiring an additional 80,599 shares during the last quarter. First Trust Advisors LP purchased a new position in Alerus Financial in the 3rd quarter worth approximately $1,742,000. Qube Research & Technologies Ltd lifted its position in Alerus Financial by 140.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 110,168 shares of the company’s stock valued at $2,439,000 after acquiring an additional 64,425 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in Alerus Financial by 354.1% in the 3rd quarter. Squarepoint Ops LLC now owns 79,823 shares of the company’s stock valued at $1,767,000 after acquiring an additional 62,246 shares in the last quarter. Institutional investors own 51.25% of the company’s stock.

About Alerus Financial

(Get Free Report)

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.

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Earnings History for Alerus Financial (NASDAQ:ALRS)

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