ALERUS FINL COR/SH (OTCMKTS:ALRS) Coverage Initiated by Analysts at Raymond James

Raymond James assumed coverage on shares of ALERUS FINL COR/SH (OTCMKTS:ALRS) in a report published on Tuesday, BenzingaRatingsTable reports. The brokerage issued an outperform rating and a $25.00 price target on the stock.

Separately, DA Davidson initiated coverage on ALERUS FINL COR/SH in a report on Tuesday. They set a neutral rating for the company.

ALERUS FINL COR/SH stock opened at $21.27 on Tuesday. ALERUS FINL COR/SH has a 52 week low of $18.70 and a 52 week high of $24.00. The stock has a fifty day moving average of $21.30 and a 200-day moving average of $19.62.

The firm also recently declared a — dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 20th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, September 19th. This represents a dividend yield of 2.5%.

In other news, CEO Randy L. Newman acquired 4,571 shares of ALERUS FINL COR/SH stock in a transaction that occurred on Tuesday, September 17th. The shares were acquired at an average price of $21.00 per share, for a total transaction of $95,991.00. Also, CFO Katie A. Lorenson acquired 5,500 shares of ALERUS FINL COR/SH stock in a transaction that occurred on Tuesday, September 17th. The shares were purchased at an average price of $21.00 per share, for a total transaction of $115,500.00. Insiders have bought a total of 13,071 shares of company stock valued at $274,491 in the last three months.

ALERUS FINL COR/SH Company Profile

Alerus Financial Corporation, through its subsidiaries, provides various financial services for individuals, families, and businesses. It offers checking and savings accounts, certificates of deposit, personal loans, lines of credit, debit and credit cards, deposit and payment solutions, and mobile wallet, as well as online banking and bill pay, mobile banking, and private banking services.

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