Alerus Financial (ALRS) Scheduled to Post Quarterly Earnings on Wednesday

Alerus Financial (NASDAQ:ALRS) is set to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Alerus Financial to post earnings of $0.31 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Alerus Financial (NASDAQ:ALRS) last released its quarterly earnings results on Wednesday, January 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). Alerus Financial had a return on equity of 8.69% and a net margin of 4.34%. The firm had revenue of $46.99 million for the quarter, compared to analysts’ expectations of $45.00 million. On average, analysts expect Alerus Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Alerus Financial Stock Performance

Alerus Financial stock opened at $21.14 on Tuesday. Alerus Financial has a 12-month low of $13.11 and a 12-month high of $25.85. The company has a market capitalization of $417.30 million, a price-to-earnings ratio of 37.09 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. The firm’s fifty day moving average price is $21.43 and its 200 day moving average price is $20.53.

Alerus Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Thursday, March 14th. Alerus Financial’s dividend payout ratio (DPR) is 133.34%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. TheStreet downgraded shares of Alerus Financial from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th. DA Davidson boosted their target price on shares of Alerus Financial from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th.

Alerus Financial Company Profile

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.