Grace & White Inc. NY Sells 28,125 Shares of Alerus Financial $ALRS

Posted by Brenda Bartman on Jun 27th, 2026

Grace & White Inc. NY trimmed its position in shares of Alerus Financial (NASDAQ:ALRS – Free Report) by 11.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 228,108 shares of the company’s stock after selling 28,125 shares during the quarter. Grace & White Inc. NY’s holdings in Alerus Financial were worth $5,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Hsbc Holdings PLC raised its holdings in shares of Alerus Financial by 43.0% in the fourth quarter. Hsbc Holdings PLC now owns 46,666 shares of the company’s stock valued at $1,038,000 after purchasing an additional 14,026 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Alerus Financial by 35.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 15,363 shares of the company’s stock worth $346,000 after buying an additional 4,002 shares during the last quarter. Wellington Management Group LLP raised its position in Alerus Financial by 8.6% in the fourth quarter. Wellington Management Group LLP now owns 245,497 shares of the company’s stock worth $5,529,000 after acquiring an additional 19,490 shares during the period. Man Group plc raised its position in Alerus Financial by 25.6% in the fourth quarter. Man Group plc now owns 64,111 shares of the company’s stock worth $1,444,000 after acquiring an additional 13,070 shares during the period. Finally, Bridgeway Capital Management LLC boosted its stake in Alerus Financial by 63.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 15,940 shares of the company’s stock valued at $359,000 after acquiring an additional 6,190 shares during the last quarter. 51.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ALRS shares. Zacks Research upgraded shares of Alerus Financial from a “hold” rating to a “strong-buy” rating in a research note 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. Wall Street Zen raised Alerus Financial from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. DA Davidson raised their target price on Alerus Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, Piper Sandler boosted their target price on Alerus Financial from $28.50 to $32.00 and gave the company a “neutral” rating in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.25.

Check Out Our Latest Analysis on ALRS

Alerus Financial Price Performance

ALRS opened at $30.82 on Friday. The firm has a 50-day moving average price of $27.98 and a 200-day moving average price of $25.37. Alerus Financial has a twelve month low of $20.26 and a twelve month high of $30.95. 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 capitalization of $774.51 million, a price-to-earnings ratio of 29.92 and a beta of 0.69.

Alerus Financial (NASDAQ:ALRS – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.31. The company had revenue of $75.78 million for the quarter, compared to analysts’ expectations of $73.78 million. Alerus Financial had a net margin of 6.74% and a return on equity of 14.39%. Equities analysts expect that Alerus Financial will post 3.02 EPS for the current year.

Alerus Financial Increases Dividend

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

Alerus Financial Profile

(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.