Alerus Financial Corporation  (ALRS)
Other Ticker:  
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
Price: $21.7800 $-0.06 -0.275%
Day's High: $22.035 Week Perf: -2.07 %
Day's Low: $ 21.70 30 Day Perf: -7 %
Volume (M): 32 52 Wk High: $ 25.85
Volume (M$): $ 690 52 Wk Avg: $18.56
Open: $21.94 52 Wk Low: $13.11

 Market Capitalization (Millions $) 438
 Shares Outstanding (Millions) 20
 Employees 550
 Revenues (TTM) (Millions $) 198
 Net Income (TTM) (Millions $) 37
 Cash Flow (TTM) (Millions $) 11
 Capital Exp. (TTM) (Millions $) 2

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
   ALRS is expected to report next financial results on March 09, 2024.


Stock Performances by Major Competitors

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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...


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 Corporation

Alerus Financial Corporation Suffers 13.46% Decline in Q2 2023 Income; Net Profit Surges 12.5% Despite Shrinking Top and Bottom Line

Alerus Financial Corporation is experiencing a significant decline in its earnings, with a -13.46% decrease in income per share for the second quarter of 2023 compared to the previous year. This drop is particularly concerning when considering the fact that the net profit per share has actually surged by 12.5% from the preceding reporting period.
Furthermore, the company's revenue has experienced a substantial decline of -7.673% to $48.01 million in the second quarter of 2023, compared to $52.00 million in the same period the year before. Additionally, the revenue decreased by -0.722% sequentially from $48.36 million. These figures indicate a lack of growth in the company's revenue, which is a red flag for investors.
In contrast to Alerus Financial Corporation's performance, the average revenue growth recorded in the Commercial Banks sector during the second quarter of 2023 was positive. This further underscores the lackluster performance of the company and raises concerns about its competitiveness within the industry.

Alerus Financial Corporation

Alerus Financial Corporation Struggles in Q1 2023 with Marginal Top-Line Performance - Investors Disappointed

Alerus Financial Corporation, a renowned financial company, recently released its results for the first quarter of 2023. Despite its strong reputation, investors were disappointed to find that the company's return on average invested assets (ROI) was only 1.3%, which is below its historical average of 10.35%.
Alerus's decreased ROI was attributed to a decline in net income, resulting in 274 other companies in the financial sector surpassing its ROI. Despite this, Alerus moved up in its overall ROI ranking, from position 1633 in Q4 of 2022 to position 1218 in Q1 of 2023.


Alerus Financial's Segments
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