ALRS

Alerus Financial Corporation NASDAQ

Financial Services ·Banks - Regional ·US · alerus.com

$26.59

Mkt Cap $679.6M

52w Low $20.09 86.6% of range 52w High $27.60

50d MA $24.58 200d MA $23.01

P/E (TTM) 39.1x

EV/EBITDA 23.7x

P/B 1.2x

Debt/Equity 0.8x

ROE 3.1%

P/FCF 9.7x

RSI (14) —

ATR (14) —

Beta 0.60

50d MA $24.58

200d MA $23.01

Avg Volume 135.7K

About

Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial services to businesses and consumers. The company operates in four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. It offers various deposit products, including demand deposits, interest-bearing transaction accounts, money market accounts, ti… Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial services to businesses and consumers. The company operates in four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. It offers various deposit products, including demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, checking accounts, and certificates of deposit; and treasury management products, including electronic receivables management, remote deposit capture, cash vault services, merchant services, and other cash management services. The company also provides commercial loans, business term loans, lines of credit, and commercial real estate loans, as well as construction and land development loans; consumer lending products, including residential first mortgage loans; installment loans and lines of credit; and second mortgage loans. In addition, it offers retirement plan administration and investment advisory services, employee stock ownership plan, fiduciary services, payroll, health savings accounts, and other benefit services, as well as individual retirement accounts; and financial planning, investment management, personal and corporate trust, estate administration, and custody services. Further, the company provides debit and credit cards, online banking, mobile banking/wallet, payment, private banking, payroll accounts, flex spending accounts, administration, and government health insurance program services. It offers banking services through fourteen offices in North Dakota, Minnesota, and Arizona; and retirement and benefit plans in 50 states through offices located in Michigan, Minnesota, and Colorado. The company was formerly known as First National Bank North Dakota and changed its name to Alerus Financial Corporation in 2000. Alerus Financial Corporation was founded in 1879 and is headquartered in Grand Forks, North Dakota.

Recent Earnings

Date	Time	Est	Rptd	Surp	Base	Gap%	D1%	D2%	D3%	D4%	D5%	1M%	Guide ▲★
Apr 29, 2026	AMC	0.58	0.89	+53.4%	25.75	+0.3%	+4.6%	+4.7%	—	—	—	—	—
Jan 28, 2026	AMC	0.57	0.85	+49.1%	23.80	+1.0%	+2.4%	+3.4%	+5.3%	+7.5%	+9.4%	+0.2%	—
Oct 30, 2025	AMC	0.59	0.66	+11.9%	21.21	+0.5%	-0.4%	-0.4%	-1.3%	+0.4%	-0.8%	+2.7%	—
Jul 28, 2025	AMC	0.56	0.72	+28.6%	23.07	+4.0%	-2.5%	-6.0%	-8.4%	-11.4%	-9.1%	-2.6%	—
Apr 28, 2025	AMC	0.43	0.56	+30.2%	17.76	+9.3%	+13.3%	+11.9%	+13.2%	+16.2%	+18.1%	+18.1%	—
Jan 28, 2025	AMC	0.39	0.44	+12.8%	20.18	+0.6%	+3.8%	+5.9%	+4.8%	+5.6%	+7.6%	+0.4%	—
Oct 29, 2024	AMC	0.44	0.26	-40.9%	23.68	-7.3%	-13.9%	-14.6%	-15.0%	-15.2%	-11.7%	-6.9%	—
Jul 24, 2024	AMC	0.36	0.31	-13.9%	21.94	+0.6%	+0.3%	+0.7%	+1.2%	+1.6%	+2.3%	+2.5%	—
Apr 24, 2024	AMC	0.32	0.32	+0.0%	21.00	-2.2%	-2.2%	-3.3%	-4.6%	-6.2%	-5.8%	-7.0%	—
Jan 24, 2024	AMC	0.29	0.24	-17.2%	21.74	+0.9%	+5.8%	+7.7%	+10.4%	+12.7%	+4.5%	-0.0%	—
Oct 25, 2023	AMC	0.36	0.45	+25.0%	17.47	+0.9%	+1.7%	-0.7%	-1.4%	-0.9%	-0.4%	+6.6%	—
Jul 26, 2023	AMC	0.35	0.45	+28.6%	19.43	+1.6%	+0.8%	+1.6%	+1.8%	+2.6%	+1.7%	-4.0%	—

Recent Analyst Ratings

Date	Firm	Action	Grade	Target	Base	Open	Gap%	D1%	D2%	D3%	D4%	D5%
May 1	Piper Sandler	Maintains	Neutral → Neutral	—	$26.94	$27.10	+0.6%	+0.0%	—	—	—	—
May 1	Keefe, Bruyette & Woods	Maintains	Market Perform → Market Perform	—	$26.94	$27.10	+0.6%	+0.0%	—	—	—	—
May 1	DA Davidson	Maintains	Neutral → Neutral	—	$26.94	$27.10	+0.6%	+0.0%	—	—	—	—
Jan 30	DA Davidson	Maintains	Neutral → Neutral	—	$24.36	$24.06	-1.2%	+1.1%	+2.9%	+5.0%	+6.9%	+4.4%
Jan 30	Keefe, Bruyette & Woods	Maintains	Market Perform → Market Perform	—	$24.36	$24.06	-1.2%	+1.1%	+2.9%	+5.0%	+6.9%	+4.4%
Jan 7	Hovde Group	Downgrade	Outperform → Market Perform	—	$23.37	$22.80	-2.4%	-0.7%	+1.9%	+3.3%	+1.1%	+1.0%
Jan 5	Raymond James	Upgrade	Outperform → Strong Buy	—	$22.45	$23.05	+2.7%	+4.1%	+4.1%	+3.4%	+6.1%	+7.6%
Nov 4	Piper Sandler	Maintains	Neutral → Neutral	—	$21.12	$20.87	-1.2%	-0.9%	+0.8%	-0.3%	-0.5%	+1.0%
Nov 3	Keefe, Bruyette & Woods	Maintains	Market Perform → Market Perform	—	$21.12	$21.12	+0.0%	+0.0%	-0.9%	+0.8%	-0.3%	-0.5%
Jul 30	Piper Sandler	Maintains	Neutral → Neutral	—	$22.49	$22.46	-0.1%	-3.6%	-6.0%	-9.1%	-6.8%	-6.7%
Jul 29	Keefe, Bruyette & Woods	Maintains	Market Perform → Market Perform	—	$23.07	$24.00	+4.0%	-2.5%	-6.0%	-8.4%	-11.4%	-9.1%
Jul 29	Raymond James	Maintains	Outperform → Outperform	—	$23.07	$24.00	+4.0%	-2.5%	-6.0%	-8.4%	-11.4%	-9.1%
Jul 29	DA Davidson	Maintains	Neutral → Neutral	—	$23.07	$24.00	+4.0%	-2.5%	-6.0%	-8.4%	-11.4%	-9.1%
May 2	Piper Sandler	Maintains	Neutral → Neutral	—	$20.10	$20.26	+0.8%	+2.7%	+4.3%	+4.8%	+4.6%	+5.6%
Apr 30	Keefe, Bruyette & Woods	Maintains	Market Perform → Market Perform	—	$20.12	$20.15	+0.1%	-1.2%	-0.1%	+2.6%	+4.2%	+4.7%
Jan 30	Raymond James	Maintains	Outperform → Outperform	—	$20.95	$21.43	+2.3%	+2.0%	+0.9%	+1.8%	+3.7%	+3.9%
Jan 30	Piper Sandler	Maintains	Neutral → Neutral	—	$20.95	$21.43	+2.3%	+2.0%	+0.9%	+1.8%	+3.7%	+3.9%
Jan 30	DA Davidson	Maintains	Neutral → Neutral	—	$20.95	$21.43	+2.3%	+2.0%	+0.9%	+1.8%	+3.7%	+3.9%
Dec 4	Keefe, Bruyette & Woods	Maintains	Market Perform → Market Perform	—	$21.80	$21.72	-0.4%	+0.1%	+0.3%	+0.5%	-0.3%	+1.2%
Oct 31	Piper Sandler	Maintains	Neutral → Neutral	—	$20.40	$20.24	-0.8%	-0.8%	-1.4%	-1.6%	+2.5%	+9.5%
Sep 17	Raymond James	Upgrade	Market Perform → Outperform	—	$21.57	$22.13	+2.6%	+1.7%	+4.0%	+5.8%	+2.3%	+1.1%
Aug 1	DA Davidson	Maintains	Neutral → Neutral	—	$22.45	$22.52	+0.3%	-4.2%	-6.9%	-10.9%	-8.8%	-9.1%
Jul 29	Keefe, Bruyette & Woods	Maintains	Market Perform → Market Perform	—	$22.09	$22.17	+0.4%	+0.5%	+0.9%	+1.6%	-2.7%	-5.3%
Jul 29	Piper Sandler	Maintains	Neutral → Neutral	—	$22.09	$22.17	+0.4%	+0.5%	+0.9%	+1.6%	-2.7%	-5.3%
May 16	Piper Sandler	Maintains	Neutral → Neutral	—	$19.73	$19.91	+0.9%	+0.1%	+0.1%	-1.0%	-0.3%	-2.3%
Jan 30	DA Davidson	Maintains	Neutral → Neutral	—	$24.00	$23.98	-0.1%	+2.1%	-5.4%	-3.0%	-6.2%	-7.3%
Dec 20	Piper Sandler	Maintains	Neutral → Neutral	—	$22.06	$21.95	-0.5%	-0.6%	+1.5%	+2.0%	+2.9%	+3.4%
Oct 30	Piper Sandler	Maintains	Neutral → Neutral	—	$17.35	$17.55	+1.2%	-0.7%	-0.2%	+0.3%	+3.8%	+3.9%
Jul 31	Piper Sandler	Maintains	Neutral → Neutral	—	$19.75	$19.78	+0.2%	+0.2%	+0.9%	+0.1%	-0.7%	+0.2%
Jul 31	DA Davidson	Maintains	Neutral → Neutral	—	$19.75	$19.78	+0.2%	+0.2%	+0.9%	+0.1%	-0.7%	+0.2%
May 1	Piper Sandler	Maintains	Neutral → Neutral	—	$14.39	$14.22	-1.2%	-0.3%	-3.2%	-4.8%	-5.4%	-3.4%
May 1	Keefe, Bruyette & Woods	Maintains	Market Perform → Market Perform	—	$14.39	$14.22	-1.2%	-0.3%	-3.2%	-4.8%	-5.4%	-3.4%
Apr 27	Piper Sandler	Maintains	Neutral → Neutral	—	$14.09	$14.20	+0.8%	+4.8%	+2.1%	+1.8%	-1.1%	-2.8%
Mar 15	Piper Sandler	Maintains	Neutral → Neutral	—	$16.43	$16.05	-2.3%	+1.0%	+4.1%	+0.1%	+1.6%	+3.7%
Oct 31	Piper Sandler	Maintains	Neutral → Neutral	—	$22.26	$22.25	-0.0%	+0.2%	-1.2%	-2.9%	-4.8%	-2.5%
Aug 1	Piper Sandler	Maintains	Neutral → Neutral	—	$24.64	$24.60	-0.2%	+1.0%	-0.9%	-0.6%	-0.1%	-0.3%
Apr 29	Piper Sandler	Maintains	Neutral → Neutral	—	$26.55	$26.60	+0.2%	-3.8%	-5.3%	-3.0%	+0.7%	-4.1%
Jul 30	Piper Sandler	Maintains	Neutral → Neutral	—	$28.32	$28.50	+0.6%	-1.3%	-1.8%	-0.4%	-0.2%	+1.7%
Sep 23	Piper Sandler	Maintains	Neutral → Neutral	—	$19.17	$19.16	-0.1%	-6.4%	-4.8%	-2.3%	+0.5%	+0.0%
Jun 17	Raymond James	Downgrade	Outperform → Market Perform	—	$20.55	$19.76	-3.8%	-2.8%	-2.0%	-2.6%	-2.3%	-1.7%
Apr 30	Piper Sandler	Maintains	Neutral → Neutral	—	$17.32	$17.11	-1.2%	-1.8%	-3.6%	-1.0%	-1.7%	-3.3%
Oct 8	Raymond James	Maintains	Outperform → Outperform	—	$21.77	$21.70	-0.3%	-2.4%	-2.3%	-2.4%	-0.6%	-1.3%

Recent Filings

8-K · 1.01 !! High

Unknown — 8-K 1.01: Material Agreement

ALRS secured subordinated debt financing on March 30, indicating the company is raising capital but taking on junior debt obligations that increase financial risk and dilute existing equity holders' priority claims.

Mar 31

8-K · 8.01 !! High

Alerus Financial Corporation -- 8-K 8.01: Material Event / Announcement

Alerus Financial Corporation declared a quarterly cash dividend of $0.21 per share, payable April 10, 2026, signaling continued shareholder returns and financial stability.

Feb 26

Data updated apr 24, 2026 5:31pm · Source: massive.com