ALRS stock icon

Alerus Financial
ALRS

$20.44
0.87%
 

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

0
Funds holding %
of 6,702 funds
Analysts bullish %
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

267% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 3

10% more funds holding

Funds holding: 78 [Q4 2023] → 86 (+8) [Q1 2024]

1.8% more ownership

Funds ownership: 45.3% [Q4 2023] → 47.1% (+1.8%) [Q1 2024]

1% more capital invested

Capital invested by funds: $201M [Q4 2023] → $203M (+$2.34M) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

7% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 27

Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$23
10%
upside
Avg. target
$23
14%
upside
High target
$24
17%
upside

2 analyst ratings

positive
0%
neutral
100%
negative
0%
Piper Sandler
Nathan Race
10%upside
$22.5
Neutral
Maintained
16 May 2024
DA Davidson
Jeffrey Rulis
17%upside
$24
Neutral
Maintained
30 Jan 2024

Financial journalist opinion