ALRS
Alerus Financial Corporation NASDAQ Listed Mar 20, 2003$29.68
+0.03%
vs $29.67
Mkt Cap $745.8M
52w Low $20.26
92.1% of range
52w High $30.49
50d MA $27.37
200d MA $24.09
P/E (TTM)
43.6x
EV/EBITDA
19.8x
P/B
1.3x
Debt/Equity
0.8x
ROE
3.1%
P/FCF
13.0x
RSI (14)
62.30
ATR (14)
$0.66
Beta
0.60
50d MA
$27.37
200d MA
$24.09
Avg Volume
182.9K
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.
401 Demers Avenue · Grand Forks, ND 58201 · US
| Date | Time | Est | Rptd | Surp | Base | Gap% | D1% | D2% | D3% | D4% | D5% | Guide ▲★ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 29, 2026 | AMC | 0.58 | 0.89 | +53.4% | 25.75 | +0.3% | +4.6% | +0.0% | -1.3% | +1.9% | -0.4% | — |
| Jan 28, 2026 | AMC | 0.57 | 0.85 | +49.1% | 23.80 | +1.0% | +2.4% | +1.1% | +1.8% | +2.1% | +1.8% | — |
| Oct 30, 2025 | AMC | 0.59 | 0.66 | +11.9% | 21.21 | +0.5% | -0.4% | +0.0% | -0.9% | +1.7% | -1.1% | — |
| Jul 28, 2025 | AMC | 0.56 | 0.72 | +28.6% | 23.07 | +4.0% | -2.5% | -3.6% | -2.5% | -3.3% | +2.6% | — |
| Apr 28, 2025 | AMC | 0.43 | 0.56 | +30.2% | 17.76 | +9.3% | +13.3% | -1.2% | +1.1% | +2.7% | +1.6% | — |
| Jan 28, 2025 | AMC | 0.39 | 0.44 | +12.8% | 20.18 | +0.6% | +3.8% | +2.0% | -1.1% | +0.9% | +1.9% | — |
| Oct 29, 2024 | AMC | 0.44 | 0.26 | -40.9% | 23.68 | -7.3% | -13.9% | -0.8% | -0.5% | -0.2% | +4.1% | — |
| Jul 24, 2024 | AMC | 0.36 | 0.31 | -13.9% | 21.94 | +0.6% | +0.3% | +0.4% | +0.5% | +0.4% | +0.7% | — |
| Apr 24, 2024 | AMC | 0.32 | 0.32 | +0.0% | 21.00 | -2.2% | -2.2% | -1.2% | -1.3% | -1.7% | +0.5% | — |
| Jan 24, 2024 | AMC | 0.29 | 0.24 | -17.2% | 21.74 | +0.9% | +5.8% | +1.8% | +2.5% | +2.1% | -7.3% | — |
| Oct 25, 2023 | AMC | 0.36 | 0.45 | +25.0% | 17.47 | +0.9% | +1.7% | -2.3% | -0.7% | +0.5% | +0.5% | — |
| Jul 26, 2023 | AMC | 0.35 | 0.45 | +28.6% | 19.43 | +1.6% | +0.8% | +0.8% | +0.2% | +0.8% | -0.9% | — |
| 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% | -1.3% | +1.9% | -0.4% | -0.3% |
| May 1 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $26.94 | $27.10 | +0.6% | +0.0% | -1.3% | +1.9% | -0.4% | -0.3% |
| May 1 | DA Davidson | Maintains | Neutral → Neutral | — | $26.94 | $27.10 | +0.6% | +0.0% | -1.3% | +1.9% | -0.4% | -0.3% |
| Jan 30 | DA Davidson | Maintains | Neutral → Neutral | — | $24.36 | $24.06 | -1.2% | +1.1% | +1.8% | +2.1% | +1.8% | -2.3% |
| Jan 30 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $24.36 | $24.06 | -1.2% | +1.1% | +1.8% | +2.1% | +1.8% | -2.3% |
| Jan 7 | Hovde Group | Downgrade | Outperform → Market Perform | — | $23.37 | $22.80 | -2.4% | -0.7% | +2.6% | +1.4% | -2.2% | -0.0% |
| Jan 5 | Raymond James | Upgrade | Outperform → Strong Buy | — | $22.45 | $23.05 | +2.7% | +4.1% | +0.0% | -0.7% | +2.6% | +1.4% |
| Nov 4 | Piper Sandler | Maintains | Neutral → Neutral | — | $21.12 | $20.87 | -1.2% | -0.9% | +1.7% | -1.1% | -0.2% | +1.6% |
| Nov 3 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $21.12 | $21.12 | +0.0% | +0.0% | -0.9% | +1.7% | -1.1% | -0.2% |
| Jul 30 | Piper Sandler | Maintains | Neutral → Neutral | — | $22.49 | $22.46 | -0.1% | -3.6% | -2.5% | -3.3% | +2.6% | +0.0% |
| Jul 29 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $23.07 | $24.00 | +4.0% | -2.5% | -3.6% | -2.5% | -3.3% | +2.6% |
| Jul 29 | Raymond James | Maintains | Outperform → Outperform | — | $23.07 | $24.00 | +4.0% | -2.5% | -3.6% | -2.5% | -3.3% | +2.6% |
| Jul 29 | DA Davidson | Maintains | Neutral → Neutral | — | $23.07 | $24.00 | +4.0% | -2.5% | -3.6% | -2.5% | -3.3% | +2.6% |
| May 2 | Piper Sandler | Maintains | Neutral → Neutral | — | $20.10 | $20.26 | +0.8% | +2.7% | +1.6% | +0.5% | -0.2% | +1.0% |
| Apr 30 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $20.12 | $20.15 | +0.1% | -1.2% | +1.1% | +2.7% | +1.6% | +0.5% |
| Jan 30 | Raymond James | Maintains | Outperform → Outperform | — | $20.95 | $21.43 | +2.3% | +2.0% | -1.1% | +0.9% | +1.9% | +0.2% |
| Jan 30 | Piper Sandler | Maintains | Neutral → Neutral | — | $20.95 | $21.43 | +2.3% | +2.0% | -1.1% | +0.9% | +1.9% | +0.2% |
| Jan 30 | DA Davidson | Maintains | Neutral → Neutral | — | $20.95 | $21.43 | +2.3% | +2.0% | -1.1% | +0.9% | +1.9% | +0.2% |
| Dec 4 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $21.80 | $21.72 | -0.4% | +0.1% | +0.2% | +0.2% | -0.8% | +1.6% |
| Oct 31 | Piper Sandler | Maintains | Neutral → Neutral | — | $20.40 | $20.24 | -0.8% | -0.8% | -0.5% | -0.2% | +4.1% | +6.8% |
| Sep 17 | Raymond James | Upgrade | Market Perform → Outperform | — | $21.57 | $22.13 | +2.6% | +1.7% | +2.3% | +1.7% | -3.4% | -1.1% |
| Aug 1 | DA Davidson | Maintains | Neutral → Neutral | — | $22.45 | $22.52 | +0.3% | -4.2% | -2.7% | -4.4% | +2.4% | -0.3% |
| Jul 29 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $22.09 | $22.17 | +0.4% | +0.5% | +0.4% | +0.7% | -4.2% | -2.7% |
| Jul 29 | Piper Sandler | Maintains | Neutral → Neutral | — | $22.09 | $22.17 | +0.4% | +0.5% | +0.4% | +0.7% | -4.2% | -2.7% |
| May 16 | Piper Sandler | Maintains | Neutral → Neutral | — | $19.73 | $19.91 | +0.9% | +0.1% | +0.1% | -1.1% | +0.7% | -2.1% |
| Jan 30 | DA Davidson | Maintains | Neutral → Neutral | — | $24.00 | $23.98 | -0.1% | +2.1% | -7.3% | +2.5% | -3.3% | -1.2% |
| Dec 20 | Piper Sandler | Maintains | Neutral → Neutral | — | $22.06 | $21.95 | -0.5% | -0.6% | +2.1% | +0.5% | +0.9% | +0.5% |
| Oct 30 | Piper Sandler | Maintains | Neutral → Neutral | — | $17.35 | $17.55 | +1.2% | -0.7% | +0.5% | +0.5% | +3.5% | +0.1% |
| Jul 31 | Piper Sandler | Maintains | Neutral → Neutral | — | $19.75 | $19.78 | +0.2% | +0.2% | +0.8% | -0.9% | -0.7% | +0.9% |
| Jul 31 | DA Davidson | Maintains | Neutral → Neutral | — | $19.75 | $19.78 | +0.2% | +0.2% | +0.8% | -0.9% | -0.7% | +0.9% |
| May 1 | Piper Sandler | Maintains | Neutral → Neutral | — | $14.39 | $14.22 | -1.2% | -0.3% | -2.9% | -1.7% | -0.7% | +2.1% |
| May 1 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $14.39 | $14.22 | -1.2% | -0.3% | -2.9% | -1.7% | -0.7% | +2.1% |
| Apr 27 | Piper Sandler | Maintains | Neutral → Neutral | — | $14.09 | $14.20 | +0.8% | +4.8% | -2.6% | -0.3% | -2.9% | -1.7% |
| Mar 15 | Piper Sandler | Maintains | Neutral → Neutral | — | $16.43 | $16.05 | -2.3% | +1.0% | +3.1% | -3.9% | +1.5% | +2.0% |
| Oct 31 | Piper Sandler | Maintains | Neutral → Neutral | — | $22.26 | $22.25 | -0.0% | +0.2% | -1.3% | -1.7% | -2.0% | +2.4% |
| Aug 1 | Piper Sandler | Maintains | Neutral → Neutral | — | $24.64 | $24.60 | -0.2% | +1.0% | -1.8% | +0.3% | +0.5% | -0.2% |
| Apr 29 | Piper Sandler | Maintains | Neutral → Neutral | — | $26.55 | $26.60 | +0.2% | -3.8% | -1.6% | +2.5% | +3.8% | -4.8% |
| Jul 30 | Piper Sandler | Maintains | Neutral → Neutral | — | $28.32 | $28.50 | +0.6% | -1.3% | -0.5% | +1.5% | +0.2% | +1.9% |
| Sep 23 | Piper Sandler | Maintains | Neutral → Neutral | — | $19.17 | $19.16 | -0.1% | -6.4% | +1.7% | +2.6% | +2.9% | -0.5% |
| Jun 17 | Raymond James | Downgrade | Outperform → Market Perform | — | $20.55 | $19.76 | -3.8% | -2.8% | +0.8% | -0.6% | +0.3% | +0.7% |
| Apr 30 | Piper Sandler | Maintains | Neutral → Neutral | — | $17.32 | $17.11 | -1.2% | -1.8% | -1.8% | +2.7% | -0.7% | -1.6% |
| Oct 8 | Raymond James | Maintains | Outperform → Outperform | — | $21.77 | $21.70 | -0.3% | -2.4% | +0.1% | -0.1% | +1.8% | -0.7% |
| Date | Insider | Title | Type | Shares | Price | Value | Owned After | D1% | D5% |
|---|---|---|---|---|---|---|---|---|---|
| May 27, 2026 | Bolton JeffreyDir | — | Buy | 1,000 | $28.71 | $29K | 14,163 | -0.38% | +0.84% |
8-K · 8.01
!! High
Alerus Financial Corporation -- 8-K 8.01: Material Event / Announcement
May 22
8-K · 8.01
!! High
Alerus Financial Corporation -- 8-K 8.01: Material Event / Announcement
May 19
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
Institutional (13F) — Top 20
All ↗
| # | Manager | Shares | Value | Chg | Period |
|---|---|---|---|---|---|
| 1 | Alerus Financial Na | 2,241,741 | $53M | Reduced | Mar 2026 |
| 2 | Vanguard Capital Management Llc | 961,776 | $23M | New | Mar 2026 |
| 3 | Phocas Financial Corp. | 668,714 | $15M | Added | Dec 2025 |
| 4 | Morgan Stanley | 609,204 | $14M | Reduced | Dec 2025 |
| 5 | Endeavour Capital Advisors Inc | 562,229 | $13M | Added | Mar 2026 |
| 6 | M3f, Inc. | 417,108 | $10M | Added | Mar 2026 |
| 7 | Choreo, Llc | 293,681 | $7M | — | Mar 2026 |
| 8 | Aqr Capital Management Llc | 269,165 | $6M | Reduced | Mar 2026 |
| 9 | Banc Funds Co Llc | 214,967 | $5M | Reduced | Dec 2025 |
| 10 | Northern Trust Corp | 194,464 | $5M | Added | Mar 2026 |
| 11 | Vanguard Portfolio Management Llc | 175,931 | $4M | New | Mar 2026 |
| 12 | Cutler Capital Management, Llc | 136,470 | $3M | Reduced | Mar 2026 |
| 13 | Bank Of New York Mellon Corp | 117,753 | $3M | Reduced | Mar 2026 |
| 14 | Sippican Capital Advisors | 113,141 | $3M | Reduced | Mar 2026 |
| 15 | Millennium Management | 106,986 | $3M | Added | Mar 2026 |
| 16 | Acadian Asset Management Llc | 101,185 | $2M | Added | Mar 2026 |
| 17 | Renaissance Technologies Llc | 98,286 | $2M | Reduced | Mar 2026 |
| 18 | Quantinno Capital Management Lp | 92,252 | $2M | Added | Mar 2026 |
| 19 | Qube Research & Technologies Ltd | 90,841 | $2M | Reduced | Mar 2026 |
| 20 | First Trust Advisors Lp | 81,208 | $2M | Added | Mar 2026 |
Mutual Funds / ETFs (N-PORT) — Top 20
All ↗
Valuation
Market Cap
$745.8M
Enterprise Value
$789.2M
P/E (TTM)
43.65x
Forward P/E
11.53x
PEG Ratio
-1.84x
P/B
1.33x
P/S
2.33x
P/FCF
12.96x
EV/EBITDA
19.79x
Shares Out
25.7M
Financials (TTM)
Revenue
$327.9M
Net Income
$17.4M
EBITDA
$39.9M
Free Cash Flow
$58.8M
Op Cash Flow
$67.5M
EPS Basic
$0.69
EPS Diluted
$0.68
EPS Forward
$2.58
Gross Margin
67.2%
Op Margin
6.9%
Net Margin
5.3%
Balance Sheet
Total Assets
$5.23B
Total Liab.
$4.67B
Total Equity
$564.9M
Cash
$69.0M
LT Debt
$95.5M
Book Value/Sh
$22.26
Debt/Equity
0.78x
Current Ratio
0.29
Quick Ratio
0.29
Returns & Growth
ROE
3.1%
ROA
0.3%
ROIC
5.1%
Rev Growth YoY
-3.1%
EPS Growth YoY
-17.9%
Price Returns
2W
+6.7%
1M
+6.1%
3M
+19.9%
6M
+32.7%
12M
+36.0%
Technicals
52W High
$30.49
52W Low
$20.26
50d MA
$27.37
200d MA
$24.09
RSI (14)
62.30
ATR (14)
$0.66
Beta
0.60
Avg Volume
183K
Dividends
Div Rate
$0.82
Div Yield
3.0%
Frequency
4
Ex-Div Date
Mar 27, 2026
Analyst Price Targets
Consensus
$29.00
High
$29.00
Low
$29.00
Median
$29.00
Data updated apr 24, 2026 5:31pm
· Source: financialmodelingprep.com