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Alerus Financial (ALRS)

Company Profile

Company profile

Ticker

ALRS

Exchange

Website

CEO

Ms. Katie A. Lorenson CPA

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

JPMorgan Chase & Co. • Bank of America • Citigroup • Wells Fargo & Company • U.S. Bancorp • The PNC Financial Services Group, Inc. • Capital One Financial • Shinhan Financial • HSBC USA • Regions Financial ...

Former names

FIRST NATIONAL CORP NORTH DAKOTA

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Retirement Planning Services, Inc. • Alerus LIHTC Fund, LLC ...

IRS number

450375407

ALRS stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$23.00

Low target

$23.00

High target

$23.00

Keefe, Bruyette & Woods

Piper Sandler

Maintains

Neutral

$23.00

31 Oct 24

Latest filings (excl ownership)

View all

Results of Operations and Financial Condition

Financial Statements and Exhibits

Alerus Financial Corporation Declares

Quarterly report

31 Oct 24

Results of Operations and Financial Condition

Transaction Expands Alerus Footprint into Rochester, MN MSA Jeffrey Bolton Joins Board of Directors

ALERUS FINANCIAL CORPORATION and HMN Financial, Inc. RECEIVE STOCKHOLDER AND REGULATORY APPROVAL TO proceed with Merger

Submission of Matters to a Vote of Security Holders

Business combination disclosure

Alerus Financial Corporation Declares

Transcripts

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Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

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BlackRock, Inc.

Katie A Lorenson

BlackRock, Inc.

Financial summary

Financial statements Chart ALRS financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	65.97 mm	65.97 mm	65.97 mm	65.97 mm	65.97 mm	65.97 mm
Cash burn (monthly)	124.06 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	499.24 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	-433.27 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	-3.5	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

ALRS institutional ownership history Ownership history

43.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	102	93	+9.7%
Opened positions	15	21	-28.6%
Closed positions	6	12	-50.0%
Increased positions	33	35	-5.7%
Reduced positions	25	19	+31.6%

13F shares	Current	Prev Q	Change
Total value	222.53 bn	182.74 bn	+21.8%
Total shares	11.02 mm	10.59 mm	+4.0%
Total puts	0.00	400.00	EXIT
Total calls	400.00	0.00	NEW
Total put/call ratio	–	Infinity	–

Largest owners	Shares	Value	Change
Alerus Financial Na	2.12 mm	$48.61 bn	-0.4%
BlackRock	1.69 mm	$38.60 bn	NEW
Alerus Financial Corp Employee Stock Ownership Plan	1.15 mm	$28.22 mm	0.0%
Vanguard	948.71 k	$21.71 bn	+2.2%
Banc Funds	543.59 k	$12.44 bn	0.0%
Geode Capital Management	416.07 k	$9.52 bn	+4.0%
AMP Ameriprise Financial	365.22 k	$8.36 bn	+2.3%
STT State Street	351.78 k	$8.12 bn	+1.0%
Dimensional Fund Advisors	302.94 k	$6.93 bn	+10.3%
Endeavour Capital Advisors	297.35 k	$6.80 bn	+2.9%

Largest transactions	Shares	Bought/sold	Change
BlackRock	1.69 mm	+1.69 mm	NEW
BLK BlackRock	0.00	-1.68 mm	EXIT
Stieven Capital Advisors	260.75 k	+260.75 k	NEW
Citadel Advisors	49.93 k	-48.43 k	-49.2%
FHI Federated Hermes	47.61 k	+46.09 k	+3034.2%
LPL Financial	33.42 k	+33.42 k	NEW
GS The Goldman Sachs Group, Inc.	108.86 k	+29.87 k	+37.8%
Cetera Investment Advisers	0.00	-29.46 k	EXIT
Dimensional Fund Advisors	302.94 k	+28.33 k	+10.3%
Verus Capital Partners	0.00	-23.70 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ALRS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
28 Jan 25	Alan Villalon	Common Stock	Payment of exercise	Dispose F	No	No	20.22	1,899	38.40 k	7,388
2 Jan 25	Jon Hendry	Common Stock	Payment of exercise	Dispose F	No	No	19.14	1,454	27.83 k	55,867
2 Jan 25	Jon Hendry	Common Stock	Option exercise	Acquire M	No	No	0	1,891	0.00	57,321
2 Jan 25	Jon Hendry	Common Stock	Option exercise	Acquire M	No	No	0	1,672	0.00	55,430
2 Jan 25	Jon Hendry	Common Stock	Option exercise	Acquire M	No	No	0	63	0.00	53,758
2 Jan 25	Jon Hendry	Common Stock	Option exercise	Acquire M	No	No	0	1,035	0.00	53,695
2 Jan 25	Jon Hendry	RSU Common Stock	Option exercise	Dispose M	No	No	0	1,891	0.00	0
2 Jan 25	Jon Hendry	RSU Common Stock	Option exercise	Dispose M	No	No	0	1,672	0.00	0
2 Jan 25	Jon Hendry	RSU Common Stock	Option exercise	Dispose M	No	No	0	63	0.00	0
2 Jan 25	Jon Hendry	RSU Common Stock	Option exercise	Dispose M	No	No	0	1,035	0.00	0

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

What Analysts Are Saying About Alerus Finl Stock

DA Davidson Maintains Neutral on Alerus Finl, Maintains $23 Price Target

DA Davidson analyst Jeffrey Rulis maintains Alerus Finl (NASDAQ:ALRS) with a Neutral and maintains $23 price target.

Raymond James Reiterates Outperform on Alerus Finl, Raises Price Target to $24

Raymond James analyst David Long reiterates Alerus Finl (NASDAQ:ALRS) with a Outperform and raises the price target from $22 to $24.

Piper Sandler Maintains Neutral on Alerus Finl, Raises Price Target to $24

Why F5 Shares Are Trading Higher By 15%; Here Are 20 Stocks Moving Premarket

Press releases

From Benzinga Pro

Alerus Financial Corporation Reports Fourth Quarter 2024 Net Income of $3.2 Million

Alerus Financial Corporation (NASDAQ:ALRS), or the Company, reported net income of $3.2 million for the fourth quarter of 2024, or $0.13 per diluted common share, compared to net income of $5.2 million, or $0.26 per

Alerus Financial Corporation to Announce Fourth Quarter Financial Results on Tuesday, January 28

Alerus Financial Corporation (NASDAQ:ALRS) announced that it will issue its third quarter financial results on Tuesday, January 28, 2025. Alerus Financial Corporation will also host a conference call at 11:00 a.m.

Alerus Financial Corporation Declares Cash Dividend on Common Shares

Alerus Financial Corporation (NASDAQ:ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.20 per common share on December 11, 2024, a 5.26% increase over the dividend paid a year

Alerus Financial Corporation Names Karin Taylor Chief Operating Officer

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