---
title: "Alerus Financial Co. (NASDAQ:ALRS) Sees Significant Decline in Short Interest"
description: "Alerus Financial Co. (NASDAQ:ALRS) experienced a significant decline in short interest, dropping 55.4% to 286,600 shares as of October 15. The short-interest ratio is currently 4.1 days based on an av"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/217960794.md"
published_at: "2024-10-26T10:16:19.000Z"
---

# Alerus Financial Co. (NASDAQ:ALRS) Sees Significant Decline in Short Interest

> Alerus Financial Co. (NASDAQ:ALRS) experienced a significant decline in short interest, dropping 55.4% to 286,600 shares as of October 15. The short-interest ratio is currently 4.1 days based on an average daily volume of 69,500 shares. The company also declared a quarterly dividend of $0.20, with a yield of 3.45%. Analysts have mixed ratings, with a consensus rating of "Hold" and an average price target of $0.40. Institutional investors hold 51.25% of the stock, reflecting increased interest in the company.

Alerus Financial Co. (NASDAQ:ALRS - Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totalling 286,600 shares, a drop of 55.4% from the September 30th total of 642,600 shares. Based on an average trading volume of 69,500 shares, the days-to-cover ratio is currently 4.1 days.

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## Alerus Financial Price Performance

ALRS stock opened at $23.22 on Friday. The company has a market capitalization of $459.22 million, a PE ratio of 47.39 and a beta of 0.66. Alerus Financial has a 12-month low of $17.07 and a 12-month high of $25.85. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. The business's fifty day moving average price is $22.37 and its 200 day moving average price is $20.85.

Alerus Financial (NASDAQ:ALRS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.06). The firm had revenue of $80.39 million during the quarter, compared to analysts' expectations of $49.20 million. Alerus Financial had a return on equity of 7.25% and a net margin of 2.39%. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, sell-side analysts anticipate that Alerus Financial will post 1.21 EPS for the current year.

## Alerus Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 13th were paid a $0.20 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.80 annualized dividend and a yield of 3.45%. Alerus Financial's dividend payout ratio is currently 163.27%.

## Wall Street Analyst Weigh In

ALRS has been the subject of several recent research reports. DA Davidson lifted their target price on shares of Alerus Financial from $20.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. Raymond James raised shares of Alerus Financial from a "market perform" rating to an "outperform" rating and set a $24.00 price target on the stock in a research note on Tuesday, September 17th. Keefe, Bruyette & Woods upped their target price on Alerus Financial from $22.00 to $23.00 and gave the company a "market perform" rating in a report on Monday, July 29th. Finally, Piper Sandler increased their price target on shares of Alerus Financial from $22.50 to $24.00 and gave the company a "neutral" rating in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $23.40.

**View Our Latest Report on ALRS**

## Institutional Investors Weigh In On Alerus Financial

Several hedge funds and other institutional investors have recently bought and sold shares of ALRS. Sippican Capital Advisors boosted its stake in Alerus Financial by 11.9% during the 1st quarter. Sippican Capital Advisors now owns 67,390 shares of the company's stock worth $1,471,000 after purchasing an additional 7,185 shares during the period. Empowered Funds LLC lifted its holdings in Alerus Financial by 44.0% in the first quarter. Empowered Funds LLC now owns 41,599 shares of the company's stock valued at $908,000 after acquiring an additional 12,719 shares during the period. Vanguard Group Inc. boosted its holdings in Alerus Financial by 1.5% during the first quarter. Vanguard Group Inc. now owns 911,806 shares of the company's stock worth $19,905,000 after buying an additional 13,637 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Alerus Financial by 4,147.8% in the 1st quarter. Acadian Asset Management LLC now owns 26,294 shares of the company's stock worth $573,000 after acquiring an additional 25,675 shares during the period. Finally, Cetera Advisors LLC acquired a new stake in Alerus Financial in the first quarter valued at $638,000. 51.25% of the stock is currently owned by institutional investors and hedge funds.

## About Alerus Financial

(Get Free Report)

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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*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

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## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Alerus Financial｜8-K：2025 财年 Q4 营收 33.44 百万美元 |  | [Link](https://longbridge.com/en/news/274046002.md) |
| Alerus Financial Corporation 将于 1 月 28 日星期三公布第四季度财务业绩 \| ALRS 股票新闻 | Alerus Financial Corporation（纳斯达克代码：ALRS）将于 2026 年 1 月 28 日公布其第四季度财务业绩。电话会议定于 2026 年 1 月 29 日上午 11:00（中部时间）举行，分析师和机构投资者可 | [Link](https://longbridge.com/en/news/271705041.md) |
| BUZZ-Alerus Financial 在抛售价值 3.6 亿美元的低收益证券后股价上升 | 社区贷款机构 Alerus Financial 的股票在周一早盘上涨 1.4%，至 22.01 美元。ALRS 宣布已出售 3.6 亿美元的低收益证券，并将收益再投资于高收益的债券，以提高盈利能力。公司表示，债券投资组合的调整导致一次性税前 | [Link](https://longbridge.com/en/news/271121331.md) |
| Alerus Financial Corporation 再投资 3.6 亿美元的证券以提升盈利能力概况 \| ALRS 股票新闻 | Alerus Financial Corporation（纳斯达克代码：ALRS）出售了价值 3.6 亿美元的可供出售证券，导致一次性税前净损失 6850 万美元。出售所得被再投资于收益率更高的证券，收益率为 4.7%。公司预计其 2026 | [Link](https://longbridge.com/en/news/271033229.md) |
| BUZZ-Alerus Financial 在 Raymond James 上调其股票评级后股价上涨 | Alerus Financial 的股票上涨了 1.3%，至 22.73 美元，此前 Raymond James 将该股票评级从 “跑赢大盘” 上调至 “强力买入”。目标价格上调至 27 美元，意味着有 20.3% 的上涨空间。该券商在进行 | [Link](https://longbridge.com/en/news/271517875.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
