Alerus Financial Corp (NASDAQ: ALRS) is 1.98% higher on its value in year-to-date trading and has touched a low of $17.99 and a high of $25.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ALRS stock was last observed hovering at around $19.38 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $19.62, the stock is 1.39% and -6.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing 1.24% at the moment leaves the stock -6.20% off its SMA200. ALRS registered -5.26% loss for a year compared to 6-month gain of -8.83%. The firm has a 50-day simple moving average (SMA 50) of $20.9634 and a 200-day simple moving average (SMA200) of $20.9171.
The stock witnessed a -10.49% loss in the last 1 month and extending the period to 3 months gives it a -18.76%, and is 6.05% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.49% over the week and 3.11% over the month.
Alerus Financial Corp (ALRS) has around 754 employees, a market worth around $497.14M and $280.83M in sales. Current P/E ratio is 124.65 and Fwd P/E is 9.49. Profit margin for the company is 1.13%. Distance from 52-week low is 9.06% and -24.10% from its 52-week high. The company has generated returns on investments over the last 12 months (0.70%).
with sales reaching $63.13M over the same period.The EPS is expected to shrink by -9.02% this year, but quarterly earnings will post 10.23% year-over-year. Quarterly sales are estimated to grow 33.72% in year-over-year returns.
Alerus Financial Corp (ALRS) Top Institutional Holders
153.0 institutions hold shares in Alerus Financial Corp (ALRS), with institutional investors hold 43.80% of the company’s shares. The shares outstanding are 25.34M, and float is at 22.53M with Short Float at 0.97%. Institutions hold 39.90% of the Float.
The top institutional shareholder in the company is ALERUS FINANCIAL NA with over 2.13 million shares valued at $41.85 million. The investor’s holdings represent 10.8123% of the ALRS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 1.68 million shares valued at $32.92 million to account for 8.5048 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.93 million shares representing 4.7017% and valued at over $18.2 million, while BANC FUNDS CO LLC holds 2.7539 of the shares totaling 0.54 million with a market value of $10.66 million.
Alerus Financial Corp (ALRS) Insider Activity
The most recent transaction is an insider purchase by Lorenson Katie A, the company’s Chief Executive Officer. SEC filings show that Lorenson Katie A bought 1,000 shares of the company’s common stock on Nov 01 ’24 at a price of $20.30 per share for a total of $20300.0. Following the purchase, the insider now owns 44507.0 shares.
