Wall Street analysts expect Alerus Financial Co. (NASDAQ:ALRS – Get a rating) will report earnings of $0.54 per share for the current fiscal quarter, Zacks reports. Two analysts provided earnings estimates for Alerus Financial, with the highest EPS estimate of $0.57 and the lowest estimate of $0.49. Alerus Financial posted earnings of $0.86 per share in the same quarter last year, suggesting a negative growth rate of 37.2% year-over-year. The company is expected to announce its next earnings report after the market closes on Monday, January 1.
On average, analysts expect Alerus Financial to report annual earnings of $2.32 per share for the current year, with EPS estimates ranging from $2.15 to $2.40. For the next fiscal year, analysts expect the company to post earnings of $2.47 per share, with EPS estimates ranging from $2.35 to $2.60. Zacks earnings per share averages are an average based on a survey of sell-side research firms that cover Alerus Financial.
Alerus Financial (NASDAQ:ALRS – Get a rating) last released its quarterly earnings data on Wednesday, January 26. The company reported EPS of $0.72 for the quarter, beating consensus analyst estimates of $0.53 from $0.19. Alerus Financial had a return on equity of 15.20% and a net margin of 21.95%. The company posted revenue of $56.51 million for the quarter, versus analyst estimates of $53.86 million. In the same quarter last year, the company earned earnings per share of $0.57.
Separately, Zacks Investment Research downgraded Alerus Financial from a “buy” rating to a “hold” rating in a research note on Friday, April 1.
Alerus Financial stock opened at $26.36 on Friday. The stock’s 50-day moving average is $28.20 and its 200-day moving average is $29.77. The company has a market capitalization of $458.74 million, a price-earnings ratio of 8.85 and a beta of 0.73. The company has a debt ratio of 0.16, a current ratio of 0.68 and a quick ratio of 0.67. Alerus Financial has a 12-month low of $25.46 and a 12-month high of $38.31.
A number of institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Alerus Financial in Q3 valued at approximately $291,000. BlackRock Inc. increased its position in Alerus Financial by 2.9% during the third quarter. BlackRock Inc. now owns 1,022,913 shares of the company worth $30,565,000 after acquiring 29,274 additional shares in the last quarter. Barclays PLC increased its position in Alerus Financial by 76.2% during the third quarter. Barclays PLC now owns 24,670 shares in the company worth $737,000 after acquiring a further 10,668 shares in the last quarter. Citigroup Inc. increased its position in Alerus Financial by 144.2% during the third quarter. Citigroup Inc. now owns 1,751 shares of the company worth $52,000 after acquiring 1,034 additional shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Alerus Financial by 14.0% during the third quarter. American Century Companies Inc. now owns 23,670 shares of the company worth $707,000 after buying 2,913 additional shares last quarter. 36.08% of the shares are held by hedge funds and other institutional investors.
Alerus Financial Company Profile (Get a rating)
Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial services to businesses and consumers. The Company operates through four segments: Banking, Pension and Benefits, Wealth Management and Mortgages. It offers various deposit products, including demand deposits, interest-bearing transaction accounts, money market accounts, term and savings deposits, checking accounts and certificates of deposit; and cash management products, including electronic receivables management, remote deposit capture, vault services, merchant services and other cash management services.
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