Alerus Financial Co. (NASDAQ:ALRS) announced a quarterly dividend on Tuesday, November 23rd, Zacks reports. Investors of record on Friday, December 24th will be given a dividend of 0.16 per share on Friday, January 14th. This represents a $0.64 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Wednesday, December 22nd.
Shares of NASDAQ ALRS opened at $32.90 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17. Alerus Financial has a 12 month low of $23.99 and a 12 month high of $38.31. The firm has a market capitalization of $566.14 million, a PE ratio of 11.63 and a beta of 0.78. The firm has a fifty day simple moving average of $31.66 and a two-hundred day simple moving average of $30.64.
Alerus Financial (NASDAQ:ALRS) last issued its quarterly earnings results on Tuesday, October 26th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.24. Alerus Financial had a return on equity of 14.78% and a net margin of 20.39%. During the same period in the previous year, the company posted $0.99 EPS. On average, sell-side analysts predict that Alerus Financial will post 2.81 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in ALRS. Bank of New York Mellon Corp raised its holdings in Alerus Financial by 4.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 99,895 shares of the company’s stock valued at $2,985,000 after buying an additional 4,142 shares during the period. Invesco Ltd. raised its holdings in Alerus Financial by 11.2% during the 3rd quarter. Invesco Ltd. now owns 15,070 shares of the company’s stock valued at $451,000 after buying an additional 1,513 shares during the period. Two Sigma Investments LP purchased a new stake in Alerus Financial during the 3rd quarter valued at $304,000. Finally, Royal Bank of Canada raised its holdings in Alerus Financial by 132.3% during the 3rd quarter. Royal Bank of Canada now owns 2,472 shares of the company’s stock valued at $74,000 after buying an additional 1,408 shares during the period. Hedge funds and other institutional investors own 37.08% of the company’s stock.
Alerus Financial Company Profile
Alerus Financial Corp. engages in the provision of business and consumer financial products and services through its subsidiary, Alerus Financial NA. It operates through the following segments: Banking, Retirement & Benefit Services, Wealth Management, Mortgage, and Corporate Administration. The Banking segment provides lending and deposit products.
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