Alerus Financial Corp (NASDAQ: ALRS) has reported E.P.S. of $0.26 for its third fiscal quarter (ending September 30) versus $0.46 for the same period a year ago — a decline of -43%. For the latest four quarters through September 30, E.P.S. were $0.16 versus $1.85 for the same period a year ago — a decline of -91%.
Recent Price Action
Alerus Financial Corp (NASDAQ: ALRS) stock declined slightly by -0.9% on 10/29/24. The stock closed at $23.68. However, this decline was accompanied by unusually low trading volume at 66% of normal. The stock has performed in line with the market over the last nine months and has risen 1.4% during the last week.
Current PriceTarget Research Rating
ALRS is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Alerus Financial has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Alerus Financial has a neutral Appreciation Score of 51 and a slightly positive Power Rating of 70, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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