Alerus Financial (NASDAQ:ALRS – Get Free Report) posted its earnings results on Wednesday. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.06), Yahoo Finance reports. The company had revenue of $80.39 million during the quarter, compared to analyst estimates of $49.20 million. Alerus Financial had a net margin of 3.54% and a return on equity of 8.13%. During the same quarter last year, the business posted $0.45 EPS.
Alerus Financial Stock Up 0.3 %
Shares of ALRS stock traded up $0.06 on Thursday, reaching $22.00. 45,973 shares of the stock were exchanged, compared to its average volume of 52,672. Alerus Financial has a twelve month low of $16.80 and a twelve month high of $25.85. The company has a market capitalization of $435.16 million, a price-to-earnings ratio of 44.78 and a beta of 0.66. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average price is $19.51 and its 200 day moving average price is $20.74.
Alerus Financial Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 14th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, June 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.64%. This is an increase from Alerus Financial’s previous quarterly dividend of $0.19. Alerus Financial’s payout ratio is presently 163.27%.
Analyst Ratings Changes
Check Out Our Latest Report on ALRS
Alerus Financial Company Profile
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.
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