Brokerages expect that Alerus Financial Co. (NASDAQ:ALRS) will announce sales of $53.16 million for the current quarter, according to Zacks. Two analysts have made estimates for Alerus Financial’s earnings. The lowest sales estimate is $53.02 million and the highest is $53.30 million. Alerus Financial reported sales of $67.02 million in the same quarter last year, which indicates a negative year over year growth rate of 20.7%. The company is scheduled to report its next quarterly earnings report on Wednesday, October 27th.
According to Zacks, analysts expect that Alerus Financial will report full-year sales of $225.82 million for the current financial year, with estimates ranging from $225.74 million to $225.90 million. For the next year, analysts forecast that the business will report sales of $209.50 million, with estimates ranging from $207.10 million to $211.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Alerus Financial.
Alerus Financial (NASDAQ:ALRS) last announced its quarterly earnings data on Tuesday, July 27th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.10. The company had revenue of $57.89 million for the quarter, compared to the consensus estimate of $55.25 million. Alerus Financial had a return on equity of 16.52% and a net margin of 21.31%.
A number of institutional investors have recently bought and sold shares of ALRS. Dimensional Fund Advisors LP boosted its position in Alerus Financial by 19.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 45,716 shares of the company’s stock worth $1,252,000 after purchasing an additional 7,415 shares in the last quarter. BlackRock Inc. lifted its position in shares of Alerus Financial by 13.5% in the first quarter. BlackRock Inc. now owns 936,634 shares of the company’s stock valued at $27,893,000 after acquiring an additional 111,610 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Alerus Financial by 37.2% in the first quarter. Russell Investments Group Ltd. now owns 21,674 shares of the company’s stock valued at $644,000 after acquiring an additional 5,879 shares in the last quarter. UBS Group AG lifted its position in shares of Alerus Financial by 67.0% in the first quarter. UBS Group AG now owns 4,836 shares of the company’s stock valued at $144,000 after acquiring an additional 1,941 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Alerus Financial by 6.4% during the first quarter. JPMorgan Chase & Co. now owns 43,602 shares of the company’s stock worth $1,298,000 after buying an additional 2,608 shares in the last quarter. 37.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ALRS stock traded down $0.10 during mid-day trading on Thursday, hitting $27.73. The stock had a trading volume of 5,937 shares, compared to its average volume of 26,071. Alerus Financial has a 12-month low of $17.88 and a 12-month high of $34.70. The firm has a market capitalization of $477.04 million, a P/E ratio of 9.04 and a beta of 0.83. The firm’s 50-day moving average is $28.63 and its two-hundred day moving average is $30.30. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.80 and a quick ratio of 0.77.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 8th. Stockholders of record on Friday, September 17th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, September 16th. Alerus Financial’s dividend payout ratio is presently 25.40%.
About Alerus Financial
Alerus Financial Corp. engages in the provision of business and consumer financial products and services through its subsidiary, Alerus Financial NA. It operates through the following segments: Banking, Retirement & Benefit Services, Wealth Management, Mortgage, and Corporate Administration. The Banking segment provides lending and deposit products.
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