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Alerus Financial Corporation  (ALRS)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $21.1200 $-0.30 -1.401%
Day's High: $21.35 Week Perf: -4 %
Day's Low: $ 21.04 30 Day Perf: -3.43 %
Volume (M): 114 52 Wk High: $ 25.85
Volume (M$): $ 2,410 52 Wk Avg: $18.75
Open: $21.26 52 Wk Low: $13.11



 Market Capitalization (Millions $) 426
 Shares Outstanding (Millions) 20
 Employees 550
 Revenues (TTM) (Millions $) 166
 Net Income (TTM) (Millions $) 12
 Cash Flow (TTM) (Millions $) 72
 Capital Exp. (TTM) (Millions $) 3

Alerus Financial Corporation
Alerus Financial Corporation is a full-service financial institution established in 1879 and headquartered in Grand Forks, North Dakota. The bank has a total asset base of $2.6 billion and operates 18 locations in Minnesota, North Dakota, and Arizona. It offers a wide range of personal and business banking services, including checking accounts, savings accounts, loans, mortgages, wealth management, investment and retirement planning, online banking, and mobile banking.

Alerus Financial has a strong focus on serving the needs of its customers, whether they are individuals or businesses. The bank is known for its commitment to personalized service, and it works to build long-term relationships with its clients. Its employees are trained to provide expert financial advice and support to help customers succeed in their financial goals.

The bank has a solid reputation for its corporate social responsibility efforts. Alerus Financial actively supports the communities where it operates, contributing to local non-profits and charitable organizations. It is a significant supporter of education, arts and culture, health and human services, and economic development initiatives.

In recent years, Alerus Financial has made significant investments in modernizing its banking technologies, including online and mobile banking platforms, online bill pay, and electronic statements. It has also invested in its physical brick and mortar locations, with modernized branches and convenient 24-hour ATMs.

Alerus Financial is regulated and insured by the Federal Deposit Insurance Corporation (FDIC), and its primary mission is to provide financial stability, security, and peace of mind to its customers. Overall, Alerus Financial Corporation is a reputable, stable, and customer-focused financial institution with a strong track record of success in the banking industry.


   Company Address: 401 Demers Avenue Grand Forks 58201 ND
   Company Phone Number: 795-3200   Stock Exchange / Ticker: NASDAQ ALRS
    Next quarterly dividend pay out on April 12, 2024.


   

Stock Performances by Major Competitors

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Alerus Financial Corporation

2 Alerus Financial Corporation Struggles Amid Challenging Economic Climate

Alerus Financial Corporation, a Minneapolis-based commercial bank, recently announced that it will release its fourth quarter and full-year 2023 financial results on January 24, 2024. The company will also host a conference call on January 25, 2024, to discuss these results. Analysts and institutional investors will have the opportunity to participate in a question-and-answer session.
In addition to this financial update, Alerus Financial Corporation declared a regular quarterly cash dividend of $0.19 per common share. This represents a 5.56% increase from the previous year's dividend and demonstrates the company's commitment to creating value for its shareholders. The dividend is scheduled to be distributed on April 12, 2024, to stockholders of record as of March 15, 2024.

Dividend

Alerus Financial Corporation Increases Dividend by 5.56% and Sustains Strong Stock Performance

Published Wed, Feb 28 2024 10:35 PM UTC



In a recent press release, Alerus Financial Corporation (NASDAQ: ALRS) announced its board of directors' decision to declare a regular quarterly cash dividend of $0.19 per common share. This represents a 5.56% increase over the dividend paid a year ago. The dividend is scheduled to be distributed on April 12, 2024, to stockholders of record as of March 15, 2024. Al...

Stock Transactions

Alerus Financial Corporation's Strategic Selling of Debt Securities Fuels Loan Growth and Reduces Borrowings

Published Tue, Dec 19 2023 9:15 PM UTC

Alerus Financial Corporation Sells $172.3M of Debt Securities and Uses Proceeds to Fund Loan Growth, Cut Borrowings
MINNEAPOLIS ?? On December 15, 2023, Alerus Financial Corporation (NASDAQ: ALRS) successfully completed the sale of $172.3 million worth of available-for-sale securities (AFS). While this sale resulted in a one-time pre-tax net loss of $24.7 million, the pr...

Dividend

Alerus Financial Corporation Sees Dividend Hike in 2024 ?? A Bonanza for Shareholders

Published Thu, Dec 14 2023 8:30 PM UTC


Alerus Financial Corporation Boosts Dividends on Strong Operational Performance
Leading financial service provider Alerus Financial Corporation (NASDAQ: ALRS) has announced a raise in its dividend payout, marking a lucrative reward for its loyal shareholder base. As declared by the company's board of directors, the Minneapolis-based firm is primed to administer a re...

Alerus Financial Corporation

ALRS Faces Serious Revenue Slump: Will the Company Bounce Back?

Alerus Financial Corporation: Revenue Dips, but Strong Margins and Rising Demand Signal Bullish Outlook
In the latest quarterly report, Alerus Financial Corporation showcased a decline in revenue and profits during the July to September 30, 2023 period. However, the company's improving profit margins and the increasing accounts receivable provide a strong signal for rising demand in the near future. This, coupled with the recent growth in Alerus Financial Corporation shares, suggests a bullish outlook for the company.
During the three-month period, Alerus Financial Corporation experienced a 4.26% decrease in profits, resulting in earnings of $0.45 per share. Additionally, revenue declined by 11.792% year on year, with figures dropping from $55.33 million to $48.80 million compared to the same period the previous year.






 

Alerus Financial's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Alerus Financial does not provide revenue guidance.

Earnings Outlook
Alerus Financial Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion




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