Alerus Financial (NASDAQ:ALRS – Get Free Report) issued its earnings results on Tuesday. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.18), Yahoo Finance reports. The company had revenue of $80.58 million for the quarter, compared to analysts’ expectations of $52.30 million. Alerus Financial had a net margin of 2.39% and a return on equity of 7.25%. During the same quarter in the prior year, the company earned $0.45 earnings per share.
Alerus Financial Stock Down 11.2 %
NASDAQ ALRS traded down $2.66 during trading hours on Wednesday, reaching $21.02. 44,540 shares of the company’s stock traded hands, compared to its average volume of 57,858. Alerus Financial has a 52-week low of $17.07 and a 52-week high of $25.85. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.86 and a quick ratio of 0.85. The firm has a 50-day simple moving average of $22.46 and a 200 day simple moving average of $20.91. The firm has a market cap of $415.73 million, a PE ratio of 60.17 and a beta of 0.66.
Alerus Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 13th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date was Friday, September 13th. Alerus Financial’s dividend payout ratio is presently 228.57%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on Alerus Financial
About Alerus Financial
Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that engages in the provision of various financial services to businesses and consumers. The company operates in four segments: Banking, Mortgage, Retirement and Benefit Services, and Wealth Management.
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