Brokers Issue Forecasts for ALERUS FINL COR/SH’s Q3 2019 Earnings (OTCMKTS:ALRS)

ALERUS FINL COR/SH (OTCMKTS:ALRS) – Investment analysts at Piper Jaffray Companies issued their Q3 2019 earnings per share estimates for shares of ALERUS FINL COR/SH in a report released on Tuesday, October 8th. Piper Jaffray Companies analyst N. Race forecasts that the company will post earnings of $0.49 per share for the quarter. Piper Jaffray Companies currently has a “Neutral” rating and a $23.00 price target on the stock. Piper Jaffray Companies also issued estimates for ALERUS FINL COR/SH’s Q4 2019 earnings at $0.40 EPS, FY2019 earnings at $1.87 EPS, Q1 2020 earnings at $0.36 EPS, Q2 2020 earnings at $0.48 EPS, Q3 2020 earnings at $0.50 EPS, Q4 2020 earnings at $0.43 EPS, FY2020 earnings at $1.76 EPS and FY2021 earnings at $1.87 EPS.

Several other equities research analysts also recently weighed in on the company. DA Davidson started coverage on ALERUS FINL COR/SH in a report on Tuesday. They issued a “neutral” rating for the company. Raymond James started coverage on ALERUS FINL COR/SH in a report on Tuesday. They issued an “outperform” rating and a $25.00 price objective for the company.

ALRS stock opened at $21.27 on Thursday. ALERUS FINL COR/SH has a twelve month low of $18.70 and a twelve month high of $24.00. The business has a 50 day simple moving average of $21.30 and a 200-day simple moving average of $19.62.

In other news, CEO Randy L. Newman purchased 4,571 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was acquired at an average price of $21.00 per share, for a total transaction of $95,991.00. Also, Director Lloyd G. Case purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was purchased at an average price of $21.00 per share, with a total value of $42,000.00. Insiders acquired 13,071 shares of company stock valued at $274,491 in the last quarter.

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

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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Earnings History and Estimates for ALERUS FINL COR/SH (OTCMKTS:ALRS)

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