Alerus Financial (NASDAQ:ALRS) Reaches New 1-Year High – Here’s Why

Posted by Stanley Muller on Jun 24th, 2026

Alerus Financial (NASDAQ:ALRS – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $30.67 and last traded at $30.6320, with a volume of 7667 shares changing hands. The stock had previously closed at $30.38.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Alerus Financial from $25.00 to $27.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. Zacks Research upgraded shares of Alerus Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. DA Davidson upped their target price on Alerus Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Piper Sandler raised their target price on Alerus Financial from $28.00 to $28.50 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Wall Street Zen upgraded Alerus Financial from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.38.

Read Our Latest Stock Report on ALRS

Alerus Financial Trading Up 0.3%

The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.10. The company has a market cap of $765.36 million, a P/E ratio of 29.78 and a beta of 0.69. The firm’s 50 day moving average is $27.64 and its two-hundred day moving average is $25.21.

Alerus Financial (NASDAQ:ALRS – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.31. The business had revenue of $75.78 million during the quarter, compared to the consensus estimate of $73.78 million. Alerus Financial had a return on equity of 14.39% and a net margin of 6.74%. As a group, equities research analysts anticipate 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. Stockholders of record on Friday, June 26th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, June 26th. This is a positive change from Alerus Financial’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 2.9%. Alerus Financial’s payout ratio is currently 81.55%.

Hedge Funds Weigh In On Alerus Financial

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC boosted 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 valued at $5,123,000 after acquiring an additional 171,984 shares during the last quarter. Phocas Financial Corp. boosted its position in Alerus Financial by 102.2% during the fourth quarter. Phocas Financial Corp. now owns 334,357 shares of the company’s stock valued at $7,530,000 after acquiring an additional 168,987 shares during the last quarter. Empowered Funds LLC bought a new stake in Alerus Financial during the first quarter valued at $1,951,000. Goldman Sachs Group Inc. grew its holdings in Alerus Financial by 37.1% during 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 period. Finally, First Trust Advisors LP acquired a new stake in Alerus Financial during the 3rd quarter worth about $1,742,000. 51.25% of the stock is currently owned by 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.