Alerus Financial (NASDAQ:ALRS) Reaches New 52-Week High – Should You Buy?

Posted by George Bondi on Jun 13th, 2026

Shares of Alerus Financial (NASDAQ:ALRS – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $29.85 and last traded at $29.68, with a volume of 156645 shares trading hands. The stock had previously closed at $29.30.

Analysts Set New Price Targets

ALRS has been the topic of a number of recent research reports. Zacks Research raised Alerus Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. DA Davidson upped their target price on Alerus Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Weiss Ratings raised Alerus Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Wall Street Zen raised Alerus Financial from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Finally, Piper Sandler upped their target price on Alerus Financial from $28.00 to $28.50 and gave the company a “neutral” rating in a research note on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.38.

Read Our Latest Report on Alerus Financial

Alerus Financial Stock Performance

The stock has a market cap of $761.44 million, a price-to-earnings ratio of 29.42 and a beta of 0.69. 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 stock’s 50-day moving average is $26.90 and its 200-day moving average is $24.79.

Alerus Financial (NASDAQ:ALRS – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.31. Alerus Financial had a return on equity of 14.39% and a net margin of 6.74%.The firm had revenue of $75.78 million during the quarter, compared to the consensus estimate of $73.78 million. On average, analysts expect that Alerus Financial will post 2.95 EPS for the current year.

Alerus Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a $0.22 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.88 annualized dividend and a yield of 2.9%. This is an increase from Alerus Financial’s previous quarterly dividend of $0.21. Alerus Financial’s payout ratio is currently 81.55%.

Hedge Funds Weigh In On Alerus Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALRS. NewEdge Advisors LLC boosted its position in Alerus Financial by 90.1% in the 2nd quarter. NewEdge Advisors LLC now owns 1,544 shares of the company’s stock valued at $33,000 after buying an additional 732 shares during the last quarter. Larson Financial Group LLC boosted its position in Alerus Financial by 50.0% in the 4th quarter. Larson Financial Group LLC now owns 1,500 shares of the company’s stock valued at $34,000 after buying an additional 500 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Alerus Financial by 25.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,222 shares of the company’s stock valued at $50,000 after buying an additional 455 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new position in Alerus Financial in the 3rd quarter valued at about $52,000. Finally, AlphaQuest LLC purchased a new position in Alerus Financial in the 3rd quarter valued at about $59,000. 51.25% of the stock is owned by hedge funds and other institutional investors.

Alerus Financial Company Profile

(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.