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How to buy Alerus Financial Corporation stock

Own Alerus Financial Corporation stock in just a few minutes.

Fact checked

Alerus Financial Corporation is a banks-regional business based in the US. Alerus Financial Corporation shares (ALRS) are listed on the NASDAQ and all prices are listed in US Dollars.

How to buy shares in Alerus Financial Corporation

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Alerus Financial Corporation. Find the stock by name or ticker symbol: ALRS. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Alerus Financial Corporation reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Alerus Financial Corporation, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Alerus Financial Corporation. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Alerus Financial Corporation share price

Use our graph to track the performance of ALRS stocks over time.

Alerus Financial Corporation shares at a glance

Information last updated 2021-02-24.
52-week rangeUSD$14.6225 - USD$30.8
50-day moving average USD$27.7406
200-day moving average USD$24.0928
Wall St. target priceUSD$29
PE ratio 11.5232
Dividend yield USD$0.6 (2.08%)
Earnings per share (TTM) USD$2.52

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Alerus Financial Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Alerus Financial Corporation under- or over-valued?

Valuing Alerus Financial Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Alerus Financial Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Alerus Financial Corporation's P/E ratio

Alerus Financial Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 12x. In other words, Alerus Financial Corporation shares trade at around 12x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Alerus Financial Corporation financials

Revenue TTM USD$222.3 million
Operating margin TTM 28.1%
Gross profit TTM USD$222.3 million
Return on assets TTM 1.66%
Return on equity TTM 14.51%
Profit margin 20.1%
Book value $19.279
Market capitalisation USD$497.3 million

TTM: trailing 12 months

Shorting Alerus Financial Corporation shares

There are currently 123,502 Alerus Financial Corporation shares held short by investors – that's known as Alerus Financial Corporation's "short interest". This figure is 5.3% down from 130,351 last month.

There are a few different ways that this level of interest in shorting Alerus Financial Corporation shares can be evaluated.

Alerus Financial Corporation's "short interest ratio" (SIR)

Alerus Financial Corporation's "short interest ratio" (SIR) is the quantity of Alerus Financial Corporation shares currently shorted divided by the average quantity of Alerus Financial Corporation shares traded daily (recently around 26165.677966102). Alerus Financial Corporation's SIR currently stands at 4.72. In other words for every 100,000 Alerus Financial Corporation shares traded daily on the market, roughly 4720 shares are currently held short.

However Alerus Financial Corporation's short interest can also be evaluated against the total number of Alerus Financial Corporation shares, or, against the total number of tradable Alerus Financial Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Alerus Financial Corporation's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Alerus Financial Corporation shares in existence, roughly 10 shares are currently held short) or 0.0084% of the tradable shares (for every 100,000 tradable Alerus Financial Corporation shares, roughly 8 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Alerus Financial Corporation.

Find out more about how you can short Alerus Financial Corporation stock.

Alerus Financial Corporation share dividends

24%

Dividend payout ratio: 23.9% of net profits

Recently Alerus Financial Corporation has paid out, on average, around 23.9% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.11% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Alerus Financial Corporation shareholders could enjoy a 2.11% return on their shares, in the form of dividend payments. In Alerus Financial Corporation's case, that would currently equate to about $0.6 per share.

While Alerus Financial Corporation's payout ratio might seem low, this can signify that Alerus Financial Corporation is investing more in its future growth.

Alerus Financial Corporation's most recent dividend payout was on 8 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 17 December 2020 (the "ex-dividend date").

Have Alerus Financial Corporation's shares ever split?

Alerus Financial Corporation's shares were split on a 3:1 basis on 15 September 2014. So if you had owned 1 share the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Alerus Financial Corporation shares – just the quantity. However, indirectly, the new 66.7% lower share price could have impacted the market appetite for Alerus Financial Corporation shares which in turn could have impacted Alerus Financial Corporation's share price.

Alerus Financial Corporation share price volatility

Over the last 12 months, Alerus Financial Corporation's shares have ranged in value from as little as $14.6225 up to $30.8. A popular way to gauge a stock's volatility is its "beta".

ALRS.US volatility(beta: 0.83)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Alerus Financial Corporation's is 0.8335. This would suggest that Alerus Financial Corporation's shares are less volatile than average (for this exchange).

Alerus Financial Corporation overview

Alerus Financial Corporation, through its subsidiary Alerus Financial, National Association, provides various financial services to businesses and consumers in the United States. The company operates through four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. It offers various deposit products and services, including demand deposits, checking, interest-bearing transaction accounts, money market accounts, time and savings deposits, 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. The company also provides commercial lending products, such as commercial loans, business term loans, lines of credit, and commercial real estate loans, as well as construction and land development loans; consumer lending products, including residential first mortgage loans; and installment loans and lines of credit. In addition, it offers retirement plan administration and investment advisory services, employee stock ownership plan, fiduciary services, payroll, health savings accounts, and other benefit services; and wealth management services, such as financial planning, investment management, personal and corporate trust services, estate administration, and custody services. Further, the company provides debit and credit cards, online banking, mobile banking/wallet, private banking, payroll accounts, flex spending accounts, administration, and government health insurance program services. The company was formerly known as First National Bank North Dakota and changed its name to Alerus Financial Corporation in 2000. Alerus Financial Corporation was founded in 1879 and is headquartered in Grand Forks, North Dakota.

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