Alerus Financial Co. (NASDAQ:ALRS) CEO Katie A. Lorenson Purchases 994 Shares – Defense World

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Posted by on May 3rd, 2022
Alerus Financial Co. (NASDAQ:ALRSGet Rating) CEO Katie A. Lorenson bought 994 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The stock was purchased at an average price of $25.10 per share, for a total transaction of $24,949.40. Following the completion of the transaction, the chief executive officer now directly owns 28,009 shares of the company’s stock, valued at approximately $703,025.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NASDAQ:ALRS traded up $0.43 during mid-day trading on Tuesday, reaching $25.57. The stock had a trading volume of 340 shares, compared to its average volume of 17,250. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.16. The company has a market cap of $444.92 million, a P/E ratio of 9.35 and a beta of 0.75. Alerus Financial Co. has a 1 year low of $24.60 and a 1 year high of $38.31. The business’s 50 day moving average price is $27.65 and its 200 day moving average price is $29.49.
Alerus Financial (NASDAQ:ALRSGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Alerus Financial had a return on equity of 13.52% and a net margin of 20.86%. During the same quarter in the previous year, the company earned $0.86 EPS. Analysts predict that Alerus Financial Co. will post 2.4 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of ALRS. Citigroup Inc. increased its stake in Alerus Financial by 144.2% during the third quarter. Citigroup Inc. now owns 1,751 shares of the company’s stock worth $52,000 after acquiring an additional 1,034 shares during the last quarter. Royal Bank of Canada increased its stake in Alerus Financial by 132.3% during the third quarter. Royal Bank of Canada now owns 2,472 shares of the company’s stock worth $74,000 after acquiring an additional 1,408 shares during the last quarter. Alberta Investment Management Corp bought a new stake in Alerus Financial during the fourth quarter worth approximately $205,000. Squarepoint Ops LLC bought a new stake in Alerus Financial during the fourth quarter worth approximately $215,000. Finally, Riverwater Partners LLC bought a new stake in Alerus Financial during the first quarter worth approximately $227,000. 39.47% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research upgraded Alerus Financial from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Monday.
Alerus Financial Company Profile (Get Rating)
Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial services to businesses and consumers. The company operates in four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. It offers various deposit products, including demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, checking accounts, and certificates of deposit; and treasury management products, including electronic receivables management, remote deposit capture, cash vault services, merchant services, and other cash management services.
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