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Earnings
Alerus Financial reports Q4 EPS 43c, consensus 39c » 16:01
01/28/20
01/28
16:01
01/28/20
16:01
ALRS

Alerus Financial

$21.40 /

-0.11 (-0.51%)

Chairman, President, and…

Chairman, President, and Chief Executive Officer Randy Newman said, "2019 was one of the most significant and successful years in our company's history. Most notably, 2019 will be remembered for the achievement of several long-term strategic initiatives, including: raising $62.8 million in capital through our initial public offering and becoming Nasdaq listed; launching "MY ALERUS", a holistic digital experience designed to help improve clients' financial lives; and the reorganization of our client facing staff around a holistic, advisor-focused business model. Our team has proven it not only has the ability to adapt and perform in an ever-changing environment, as evidenced by our record net income of $29.5 million in 2019, a 14.2% increase over 2018. Strong year-end financial performance, coupled with improving credit quality and increased capital ratios, gives us tremendous momentum moving forward. We continue to plan for long-term results and are pleased with our accomplishments over the past year. As proud as we are of our financial results, we are even more proud of the non-financial results. We believe we have a very strong foundation to continue progress with our One Alerus growth strategy in serving clients holistically and working in their best interest."

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Over a quarter ago
Earnings
Alerus Financial reports Q3 EPS 48c, consensus 48c » 16:01
10/24/19
10/24
16:01
10/24/19
16:01
ALRS

Alerus Financial

$21.38 /

+ (+0.00%)

Chairman, President, and…

Chairman, President, and Chief Executive Officer Randy Newman said, "Financial results were as expected for the third quarter of 2019. Year-to-date net income for the first nine months of 2019 was up $2.1 million, or 10.4%, compared to 2018 despite a challenging interest rate environment; further exhibiting the value of our diversified business model. The Company accomplished two significant milestones this past quarter, both of which are key in positioning the Company for long-term success. First, we completed our initial public offering (IPO) and began trading on Nasdaq in mid-September. The initial public offering was one of the most important decisions the Company has ever made. The IPO raised $62.8 million, increasing our capital, strengthening our balance sheet and giving us a strong foundation to execute our strategic plan."

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Initiation
Alerus Financial initiated with a Neutral at DA Davidson » 08:21
10/08/19
10/08
08:21
10/08/19
08:21
ALRS

Alerus Financial

$21.55 /

-0.22 (-1.01%)

DA Davidson analyst Jeff…

DA Davidson analyst Jeff Rulis initiated Alerus Financial with a Neutral rating and a price target of $24. The analyst notes that the company offers a "unique fee-based platform", which may serve as a "sanctuary" against the macro backdrop where spread-income reliant banks are faced with yield curve headwinds and net interest margin pressure. Rulis adds that Alerus's operating leverage potential and market share growth opportunities are "additional positive catalysts" for the stock.

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Initiation
Alerus Financial positioned to deliver 'steady' EPS advances, says Raymond James » 07:29
10/08/19
10/08
07:29
10/08/19
07:29
ALRS

Alerus Financial

$21.55 /

-0.22 (-1.01%)

Raymond James analyst…

Raymond James analyst Daniel Cardenas initiated coverage of Alerus Financial with an Outperform rating and $25 price target, as well as a Medium Risk/Growth sustainability rating. In a research note to investors, Cardenas says he thinks that Alerus Financial is well positioned to continue to deliver consistent organic growth, better-than-peer profitability metrics, and steady EPS advances while expanding its franchise via bank and nonbank acquisitions, factors not fully reflected in current valuation levels.

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Initiation
Alerus Financial initiated with an Outperform rating at Raymond James » 06:49
10/08/19
10/08
06:49
10/08/19
06:49
ALRS

Alerus Financial

$21.55 /

-0.22 (-1.01%)

Raymond James analyst…

Raymond James analyst Daniel Cardenas initiated coverage of Alerus Financial with an Outperform rating and $25 price target.

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Initiation
Alerus Financial initiated with a Neutral rating at DA Davidson » 06:45
10/08/19
10/08
06:45
10/08/19
06:45
ALRS

Alerus Financial

$21.55 /

-0.22 (-1.01%)

DA Davidson analyst…

DA Davidson analyst Jeffrey Rulis initiated coverage of Alerus Financial with a Neutral rating and $24 price target.

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