Alerus Financial (NASDAQ:ALRS) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Alerus Financial (NASDAQ:ALRS) posted its quarterly earnings results on Thursday. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01, Yahoo Finance reports. Alerus Financial had a return on equity of 8.20% and a net margin of 3.54%. The firm had revenue of $74.36 million during the quarter, compared to analysts’ expectations of $47.40 million. During the same quarter last year, the firm earned $0.40 earnings per share.

Alerus Financial Trading Down 1.2 %

Shares of NASDAQ ALRS traded down $0.24 during trading on Friday, reaching $20.30. The stock had a trading volume of 24,403 shares, compared to its average volume of 28,953. Alerus Financial has a fifty-two week low of $13.11 and a fifty-two week high of $25.85. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.83 and a current ratio of 0.83. The business’s 50-day moving average price is $21.30 and its 200-day moving average price is $20.57. The company has a market cap of $400.72 million, a P/E ratio of 41.43 and a beta of 0.65.

Alerus Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were paid a $0.19 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.74%. Alerus Financial’s payout ratio is presently 155.11%.

Analyst Upgrades and Downgrades

ALRS has been the subject of several recent analyst reports. TheStreet cut Alerus Financial from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th. DA Davidson raised their target price on Alerus Financial from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th.

About Alerus Financial

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.