Alerus FinancialALRS
About: Alerus Financial Corp is a financial holding company registered in the United States. The company operates in four segments: Banking, Retirement & Benefit Services, Wealth Management, and Mortgage. It provides various banking services such as checking, debit cards, savings, current deposits, loans and advances, online banking, mobile banking, private banking, payment solutions, and other business products. Additionally, the company provides mortgage loans, retirement planning solutions, individual retirement accounts, retirement plan advisory services as well as wealth management services, including financial & estate planning, trust, and fiduciary services. The company's revenue mainly consists of interest income, commission, management fees, and other income.
Employees: 754
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
150% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 6
27% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 26
21% more capital invested
Capital invested by funds: $188M [Q2] → $228M (+$39.7M) [Q3]
10% more funds holding
Funds holding: 93 [Q2] → 102 (+9) [Q3]
1.85% more ownership
Funds ownership: 48.42% [Q2] → 50.27% (+1.85%) [Q3]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Keefe, Bruyette & Woods Damon Delmonte 88% 1-year accuracy 15 / 17 met price target | 5%upside $23 | Market Perform Maintained | 4 Dec 2024 |
Piper Sandler Nathan Race 95% 1-year accuracy 18 / 19 met price target | 5%upside $23 | Neutral Maintained | 31 Oct 2024 |
Raymond James William Wallace 80% 1-year accuracy 4 / 5 met price target | 10%upside $24 | Outperform Upgraded | 17 Sept 2024 |