Alerus Financial (ALRS) to Distribute Quarterly Dividend of $0.22 on July 10th

Posted by Brenda Bartman on Jun 24th, 2026

Alerus Financial (NASDAQ:ALRS – Get Free Report) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Friday, June 26th will be given a dividend of 0.22 per share on Friday, July 10th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, June 26th. This is a 4.8% increase from Alerus Financial’s previous quarterly dividend of $0.21.

Alerus Financial has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 25 years. Alerus Financial has a dividend payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Alerus Financial to earn $2.80 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 31.4%.

Alerus Financial Price Performance

Shares of ALRS opened at $30.38 on Wednesday. The stock has a market capitalization of $763.45 million, a P/E ratio of 29.50 and a beta of 0.69. Alerus Financial has a twelve month low of $20.26 and a twelve month high of $30.49. The company has a 50 day moving average of $27.64 and a 200-day moving average of $25.21. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.10.

Alerus Financial (NASDAQ:ALRS – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.31. Alerus Financial had a net margin of 6.74% and a return on equity of 14.39%. The business had revenue of $75.78 million for the quarter, compared to analyst estimates of $73.78 million. As a group, equities research analysts forecast that Alerus Financial will post 2.95 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Piper Sandler boosted their price target on shares of Alerus Financial from $28.00 to $28.50 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Keefe, Bruyette & Woods lifted their target price on Alerus Financial from $25.00 to $27.00 and gave the company a “market perform” rating in a research report on Friday, May 1st. Zacks Research upgraded Alerus Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Weiss Ratings upgraded Alerus Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised Alerus Financial from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $28.38.

View Our Latest Report on ALRS

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.