ALRS - Alerus Financial Corp Stock Price, Fair Value and News

19.70USD-0.99 (-4.78%)Market Closed

Market Summary

USD19.70-0.99

Market Closed

-4.78%

ALRS Alerts

Big fall in Revenue (Y/Y)

ALRS Stock Price

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ALRS RSI Chart

ALRS Valuation

Market Cap

409.2M

Price/Earnings (Trailing)

41.16

Price/Sales (Trailing)

2.68

EV/EBITDA

-0.71

Price/Free Cashflow

10.94

ALRS Price/Sales (Trailing)

ALRS Profitability

EBT Margin

9.11%

Return on Equity

2.68%

Return on Assets

0.23%

Free Cashflow Yield

9.14%

ALRS Fundamentals

ALRS Revenue

Revenue (TTM)

152.4M

Rev. Growth (Yr)

-33.02%

Rev. Growth (Qtr)

-43.34%

ALRS Earnings

Earnings (TTM)

9.9M

Earnings Growth (Yr)

-21.43%

Earnings Growth (Qtr)

143.59%

Breaking Down ALRS Revenue

Last 7 days

2.3%

Last 30 days

3.3%

Last 90 days

-5.6%

Trailing 12 Months

44.2%

How does ALRS drawdown profile look like?

ALRS Financial Health

Debt/Equity

0.16

Debt/Cashflow

0.69

ALRS Investor Care

Dividend Yield

3.67%

Dividend/Share (TTM)

0.76

Buy Backs (1Y)

1.45%

Diluted EPS (TTM)

0.5

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	152.4M	0	0	0
2023	130.3M	146.2M	156.0M	164.9M
2022	98.4M	104.1M	109.8M	115.6M
2021	163.1M	161.6M	152.4M	92.7M
2020	112.2M	120.5M	136.1M	145.3M
2019	92.3M	100.5M	107.9M	114.2M
2018	78.7M	81.7M	84.7M	87.7M
2017	0	0	0	75.6M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Alerus Financial Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 27, 2024	hendry jon	acquired	-	-	2,298	chief technology officer & evp
Feb 27, 2024	hendry jon	sold (taxes)	-15,812	21.84	-724	chief technology officer & evp
Feb 27, 2024	taylor karin m	sold (taxes)	-20,769	21.84	-951	evp and chief risk officer
Feb 27, 2024	keney missy	acquired	-	-	504	chief engagement officer & evp
Feb 27, 2024	lorenson katie a	acquired	-	-	3,234	president and ceo
Feb 27, 2024	newman randy l	acquired	-	-	13,251	-
Feb 27, 2024	taylor karin m	acquired	-	-	2,648	evp and chief risk officer
Feb 26, 2024	wilson forrest	acquired	-	-	9,204	evp & chief ret. svcs. officer
Feb 17, 2024	taylor karin m	sold (taxes)	-9,669	22.86	-423	evp and chief risk officer
Feb 17, 2024	hendry jon	sold (taxes)	-7,360	22.86	-322	chief technology officer & evp

Which funds bought or sold ALRS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 14, 2024	ICA Group Wealth Management, LLC	unchanged	-	-2,016	78,588	0.02%
May 14, 2024	NewEdge Advisors, LLC	added	10.00	3,246	48,026	-%
May 14, 2024	MetLife Investment Management, LLC	unchanged	-	-5,446	212,319	-%
May 14, 2024	Cutler Capital Management, LLC	added	0.46	-72,450	3,453,530	1.36%
May 14, 2024	FEDERATED HERMES, INC.	new	-	6,898	6,898	-%
May 14, 2024	Invesco Ltd.	added	360	1,048,460	1,349,200	-%
May 14, 2024	GOLDMAN SACHS GROUP INC	reduced	-67.99	-1,771,360	1,153,040	-%
May 14, 2024	Qube Research & Technologies Ltd	added	503	58,923	70,991	-%
May 13, 2024	ALERUS FINANCIAL NA	reduced	-0.15	-1,342,150	49,280,900	3.72%
May 13, 2024	STRS OHIO	new	-	74,000	74,000	-%

Are Funds Buying or Selling ALRS?

Are funds buying ALRS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ALRS

No. of Funds

ALRS Alerts

Big fall in Revenue (Y/Y)

Unveiling Alerus Financial Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 01, 2024	alerus financial corp employee stock ownership plan	5.84%	1,152,017	SC 13G/A
Jan 26, 2024	blackrock inc.	7.4%	1,469,566	SC 13G/A
Feb 06, 2023	alerus financial corp employee stock ownership plan	5.56%	1,111,424	SC 13G/A
Feb 03, 2023	blackrock inc.	5.1%	1,023,405	SC 13G
Oct 07, 2022	blackrock inc.	4.9%	982,563	SC 13G/A
Feb 10, 2022	alerus financial corp employee stock ownership plan	7.02%	1,207,952	SC 13G/A
Feb 04, 2022	blackrock inc.	6.0%	1,033,573	SC 13G
Feb 10, 2021	alerus financial corp employee stock ownership plan	6.84%	1,170,611	SC 13G/A
Feb 14, 2020	alerus financial corp employee stock ownership plan	7.67%	1,307,439	SC 13G

Recent SEC filings of Alerus Financial Corp

View All Filings

Date Filed	Form Type	Document
May 08, 2024	8-K	Current Report
May 02, 2024	10-Q	Quarterly Report
Apr 29, 2024	8-K	Current Report
Apr 24, 2024	8-K	Current Report
Mar 25, 2024	ARS	ARS
Mar 25, 2024	DEF 14A	DEF 14A
Mar 25, 2024	DEFA14A	DEFA14A
Mar 08, 2024	10-K	Annual Report
Feb 29, 2024	4	Insider Trading
Feb 29, 2024	4	Insider Trading

Peers (Alternatives to Alerus Financial Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	580.6B	174.7B	10.22%	48.98%	11.53	3.32	53.11%	19.83%
BAC	304.4B	137.9B	7.57%	39.24%	12.16	2.21	56.12%	-12.56%
WFC	217.3B	85.8B	9.58%	59.61%	11.58	2.53	35.02%	26.14%
C	122.5B	125.0B	6.53%	38.07%	15.33	0.98	37.85%	-
CFG	16.8B	10.4B	9.93%	41.37%	11.72	1.61	26.22%	-33.87%
KEY	14.2B	8.1B	3.29%	57.35%	16.28	1.75	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	5.39%	57.43%	10.53	1.72	34.68%	-45.96%
ZION	6.6B	4.1B	9.56%	86.36%	10.46	1.61	32.93%	-30.73%
ABCB	3.4B	1.3B	10.65%	65.52%	12.19	2.62	30.60%	-12.99%
ASB	3.4B	2.0B	10.14%	49.70%	20.99	1.66	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	409.2M	152.4M	3.25%	44.20%	41.16	2.68	16.94%	-73.84%
AROW	398.8M	173.1M	8.57%	24.92%	13.67	2.3	26.54%	-34.86%
ACNB	286.5M	98.7M	3.12%	13.90%	9.73	2.9	6.27%	-22.90%
ASRV	46.1M	62.5M	10.88%	-6.69%	-15.6	0.74	18.83%	-145.18%

Alerus Financial Corp News

Latest updates

Alerus Financial Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-43.3%	25.00	45.00	42.00	40.00	38.00	36.00	32.00	24.00	23.00	30.00	36.00	37.00	41.00	39.00	45.00	38.00	23.00	30.00	30.00	30.00	25.00
EBITDA Margin	4.9%	0.71*	0.68*	0.96*	1.09*	1.23*	1.39*	1.44*	1.49*	1.60*	1.78*	1.06*	1.05*	-	-	-	-	-	-	-	-	-
Interest Expenses	3.1%	22.00	22.00	20.00	22.00	24.00	27.00	28.00	23.00	22.00	23.00	21.00	21.00	22.00	23.00	22.00	20.00	19.00	18.00	19.00	18.00	19.00
Income Taxes	168.2%	2.00	-3.06	2.00	3.00	2.00	4.00	3.00	3.00	3.00	4.00	4.00	4.00	5.00	3.00	6.00	4.00	1.00	2.00	2.00	3.00	2.00
Earnings Before Taxes	147.8%	9.00	-17.82	12.00	12.00	10.00	15.00	13.00	12.00	13.00	17.00	17.00	15.00	20.00	13.00	23.00	15.00	7.00	10.00	9.00	11.00	8.00
EBT Margin	-5.2%	0.09*	0.10*	0.31*	0.34*	0.38*	0.45*	0.50*	0.57*	0.63*	0.75*	0.43*	0.44*	-	-	-	-	-	-	-	-	-
Net Income	143.6%	6.00	-14.75	9.00	9.00	8.00	11.00	10.00	9.00	10.00	13.00	13.00	12.00	15.00	10.00	18.00	11.00	5.00	8.00	7.00	8.00	6.00
Net Income Margin	-8.0%	0.07*	0.07*	0.24*	0.26*	0.29*	0.35*	0.38*	0.43*	0.48*	0.57*	0.33*	0.34*	-	-	-	-	-	-	-	-	-
Free Cashflow	463.0%	11.00	-3.06	18.00	11.00	-0.48	48.00	36.00	-17.90	35.00	31.00	33.00	29.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	11.0%	4,338	3,908	3,869	3,833	3,887	3,780	3,691	399	3,336	3,393	3,175	3,157	3,152	3,014	2,899	2,875	2,512	2,357	2,228	2,212	2,195
Cash Equivalents	320.2%	546	130	65.00	65.00	145	58.00	54.00	102	133	242	159	315	190	173	96.00	210	198	144	61.00	45.00	45.00
Net PPE	-	-	-	-	-	-	-	-	-	-	-	18.00	19.00	20.00	20.00	20.00	21.00	20.00	21.00	21.00	-	-
Goodwill	0%	47.00	47.00	47.00	47.00	47.00	47.00	46.00	15.00	31.00	31.00	30.00	30.00	30.00	3.00	27.00	27.00	27.00	27.00	27.00	-	-
Liabilities	12.1%	3,966	3,539	3,520	3,475	3,528	3,423	3,346	355	3,008	3,033	2,822	2,813	2,823	2,700	2,577	2,570	2,218	2,071	1,947	-	-
Short Term Borrowings	76.7%	555	314	515	492	372	378	54.00	117	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	0.0%	59.00	59.00	59.00	59.00	59.00	59.00	59.00	59.00	59.00	59.00	59.00	59.00	59.00	59.00	59.00	59.00	59.00	59.00	59.00	-	-
Shareholder's Equity	0.7%	372	369	349	358	359	357	345	307	329	359	353	344	329	330	322	306	294	286	281	179	169
Retained Earnings	1.0%	275	273	291	286	281	280	273	267	261	254	244	233	224	212	205	190	181	178	173	-	-
Additional Paid-In Capital	0.3%	151	150	152	153	155	155	155	93.00	93.00	93.00	92.00	91.00	91.00	90.00	90.00	89.00	89.00	89.00	88.00	-	-
Shares Outstanding	0.2%	20.00	20.00	20.00	20.00	20.00	20.00	18.00	17.00	17.00	17.00	17.00	17.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	342	-	-	-	389	-	-	-	470	-	-	-	315	-	-	-	235	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	841.0%	11,989	-1,618	18,600	11,555	445	48,231	37,004	-17,556	35,287	32,092	33,416	29,483	54,841	-2,409	2,850	-1,527	-21,166	17,316	14,338	-11,007	-1,399
Share Based Compensation	36.0%	593	436	377	656	159	512	351	663	378	1,291	545	761	498	593	475	624	235	420	335	649	346
Cashflow From Investing	-144.5%	-22,389	50,301	-57,006	-25,299	-20,084	-118,402	-16,258	-44,930	-113,032	-153,672	-188,632	105,016	-180,370	-27,242	-124,065	-315,516	-71,567	-70,040	5,091	13,443	-14,088
Cashflow From Financing	2485.7%	426,279	16,486	37,659	-65,966	106,578	74,246	-3,622	-33,303	-31,734	204,437	-760	-9,286	142,784	106,862	6,529	328,991	147,216	135,556	-3,175	-2,364	19,684
Dividend Payments	5.6%	3,757	3,559	3,838	3,805	3,620	3,615	3,615	2,786	2,784	2,776	2,776	2,597	2,602	2,597	2,599	2,596	2,595	2,597	2,364	1,975	1,973
Buy Backs	-92.7%	153	2,082	1,242	2,953	361	41.00	-	90.00	607	191	75.00	-	446	110	36.00	-	336	1.00	1,841	17.00	89.00

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ALRS Income Statement

2024-03-31

Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest Income
Loans, including fees	$ 39,294	$ 30,933
Taxable	4,568	5,951
Exempt from federal income taxes	174	190
Other	5,002	735
Total interest income	49,038	37,809
Interest Expense
Deposits	20,152	9,104
Short-term borrowings	5,989	4,393
Long-term debt	678	654
Total interest expense	26,819	14,151
Net interest income	22,219	23,658
Provision for credit losses		550
Net interest income after provision for credit losses	22,219	23,108
Noninterest Income
Mortgage banking	1,670	1,717
Other	1,491	2,559
Total noninterest income	25,323	25,253
Noninterest Expense
Compensation	19,332	19,158
Employee taxes and benefits	6,188	5,853
Occupancy and equipment expense	1,906	1,899
Business services, software and technology expense	5,345	5,324
Intangible amortization expense	1,324	1,324
Professional fees and assessments	1,993	1,152
Marketing and business development	685	686
Supplies and postage	528	460
Travel	292	248
Mortgage and lending expenses	441	497
Other	985	1,268
Total noninterest expense	39,019	37,869
Income before income taxes	8,523	10,492
Income tax expense	2,091	2,306
Net income	$ 6,432	$ 8,186
Per Common Share Data
Basic earnings per common share	$ 0.32	$ 0.41
Diluted earnings per common share	0.32	0.40
Dividends declared per common share	$ 0.19	$ 0.18
Average common shares outstanding	19,739	20,028
Diluted average common shares outstanding	19,986	20,246
Retirement and benefit services
Noninterest Income
Revenue	$ 15,655	$ 15,482
Wealth management
Noninterest Income
Revenue	6,118	5,194
Service charges on deposit accounts
Noninterest Income
Revenue	$ 389	$ 301

ALRS Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 545,772	$ 129,893
Trading	4,553	0
Available-for-sale, at fair value (amortized cost of $573,733 and $584,754, respectively)	472,272	486,736
Held-to-maturity, at amortized cost (fair value of $249,807 and $258,617, respectively, with an allowance for credit losses on investments of $207 and $213, respectively)	291,932	299,515
Loans held for sale	10,625	11,497
Loans	2,799,475	2,759,583
Allowance for credit losses on loans	(36,584)	(35,843)
Net loans	2,762,891	2,723,740
Land, premises and equipment, net	18,162	17,940
Operating lease right-of-use assets	5,112	5,436
Accrued interest receivable	16,149	15,700
Bank-owned life insurance	33,396	33,236
Goodwill	46,783	46,783
Other intangible assets, net	15,834	17,158
Servicing rights	1,983	2,052
Deferred income taxes, net	34,796	34,595
Other assets	77,833	83,432
Total assets	4,338,093	3,907,713
Deposits
Noninterest-bearing	692,500	728,082
Interest-bearing	2,592,469	2,367,529
Total deposits	3,284,969	3,095,611
Short-term borrowings	555,000	314,170
Long-term debt	58,985	58,956
Operating lease liabilities	5,420	5,751
Accrued expenses and other liabilities	62,084	64,098
Total liabilities	3,966,458	3,538,586
Commitments and contingencies (Note 11)
Stockholders' equity
Preferred stock, $1 par value, 2,000,000 shares authorized: 0 issued and outstanding
Common stock, $1 par value, 30,000,000 shares authorized: 19,776,786 and 19,734,077 issued and outstanding	19,777	19,734
Additional paid-in capital	150,740	150,343
Retained earnings	275,374	272,705
Accumulated other comprehensive income (loss)	(74,256)	(73,655)
Total stockholders' equity	371,635	369,127
Total liabilities and stockholders' equity	$ 4,338,093	$ 3,907,713

About Alerus Financial Corp

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 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.

CEO	Ms. Katie A. Lorenson
WEBSITE	https://alerus.com
INDUSTRY	Banks Diversified
EMPLOYEES	773

Alerus Financial Corp Frequently Asked Questions

What is the ticker symbol for Alerus Financial Corp? What does ALRS stand for in stocks?

ALRS is the stock ticker symbol of Alerus Financial Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Alerus Financial Corp (ALRS)?

As of Tue May 14 2024, market cap of Alerus Financial Corp is 409.18 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ALRS stock?

You can check ALRS's fair value in chart for subscribers.

What is the fair value of ALRS stock?

You can check ALRS's fair value in chart for subscribers. The fair value of Alerus Financial Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Alerus Financial Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ALRS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Alerus Financial Corp a good stock to buy?

The fair value guage provides a quick view whether ALRS is over valued or under valued. Whether Alerus Financial Corp is cheap or expensive depends on the assumptions which impact Alerus Financial Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ALRS.

What is Alerus Financial Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 14 2024, ALRS's PE ratio (Price to Earnings) is 41.16 and Price to Sales (PS) ratio is 2.68. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ALRS PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Alerus Financial Corp's stock?

In the past 10 years, Alerus Financial Corp has provided -0.076 (multiply by 100 for percentage) rate of return.