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ALRS

Alerus Financial Corporation

ALRS

NASDAQ·Financial Services·Banks - Regional·Mkt cap $849.1M

$33.79

+1.26%

P/E

31.88

Mkt Cap

$849.1M

52-Wk Range

$20.31–$34.40

52-Week Range

$20.31 - $34.40

P/E

31.88

Fwd P/E

11.20

Beta

0.68

Div Yield

2.52%

Avg Vol

208.5K

Shares Out

25.4M

Mkt Cap

$849.1M

Price action

Price chart

Up 49.3% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Established 145-year heritage and deep community roots in Upper Midwest markets with strong local brand recognition
  • Diversified revenue streams across four business segments reduce reliance on traditional net interest margins and provide recession resilience
  • National footprint in high-margin retirement and benefit services administration across all 50 states, creating recurring revenue independent of regional economic conditions
  • Integrated financial services platform allows cross-selling opportunities and customer relationship deepening across banking, wealth, and retirement services

Bear Case

1 risk

  • Low volatility (beta 0.7).

Growth

Strong growth ahead

Expansion of retirement and benefit services nationally, capitalizing on growing demand for plan administration and fiduciary services

Value

Fairly valued vs Commercial Banking peers

Momentum

Strong

+16.1% over 3m

Quality

Excellent

Solid business

Dividend

Solid

2.52% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Oct 29, 2026

Q3 26 RECAP

JUL 29, 2026

Reported EPS of $0.80 vs $0.77 consensus (+4.4% surprise). Revenue of $80.0M vs $77.0M expected (+3.9%). Beat on both top and bottom lines.

EPS beat +4.4%
Rev beat +3.9%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Estimate

Actual

Q3 26

+4.4%

Revenue trend · last 8Q

+210%

+45%

+45%

+42%

-52%

+3%

-144%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$50.2M

$67.6M

$95.3M

$101.2M

$99.0M

$32.3M

$97.8M

-$45.0M

Margins · last 8Q

Gross

Operating

67.3%

Profit

Wall Street consensus

4 analysts · 25% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

25%

Hold

3

75%

Sell

0%

Median Price Target

Latest: Raymond James · Aug 3, 2026

vs Industry

How ALRS stacks vs Banks - Regional

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.