Alerus Financial (NASDAQ:ALRS) Issues Earnings Results, Beats Expectations By $0.01 EPS

Alerus Financial (NASDAQ:ALRS) issued its quarterly earnings data on Thursday. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01, Yahoo Finance reports. Alerus Financial had a return on equity of 8.20% and a net margin of 3.54%. The company had revenue of $74.36 million for the quarter, compared to the consensus estimate of $47.40 million. During the same quarter last year, the company earned $0.40 earnings per share.

Alerus Financial Stock Down 1.2 %

Alerus Financial stock traded down $0.24 during midday trading on Friday, reaching $20.30. The company’s stock had a trading volume of 24,403 shares, compared to its average volume of 28,953. The stock’s 50-day simple moving average is $21.30 and its 200-day simple moving average is $20.57. The stock has a market capitalization of $400.72 million, a P/E ratio of 41.43 and a beta of 0.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.83 and a quick ratio of 0.83. Alerus Financial has a 52-week low of $13.11 and a 52-week high of $25.85.

Alerus Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date was Thursday, March 14th. Alerus Financial’s dividend payout ratio (DPR) is presently 155.11%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ALRS shares. TheStreet downgraded Alerus Financial from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th. DA Davidson raised their price objective on Alerus Financial from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th.

About Alerus Financial

Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that engages in the provision of various financial services to businesses and consumers. The company operates in four segments: Banking, Mortgage, Retirement and Benefit Services, and Wealth Management.