Stock ALRS ALERUS FINANCIAL CORPORATION
Add to a list
To use this feature you must be a member
Log inSign up

Company Alerus Financial Corporation

Equities

ALRS

US01446U1034

Banks

Real-time Estimate Cboe BZX
Other stock markets
 10:22:04 2024-04-25 am EDT 		5-day change 1st Jan Change
20.64 USD -1.74% Intraday chart for Alerus Financial Corporation +5.42% -6.21%
Apr. 24 Earnings Flash (ALRS) ALERUS FINANCIAL CORPORATION Reports Q1 Revenue $47.8M, vs. Street Est of $47.5M MT
Apr. 24 Earnings Flash (ALRS) ALERUS FINANCIAL CORPORATION Reports Q1 EPS $0.32, vs. Street Est of $0.32 MT

Business Summary

Alerus Financial Corporation is a diversified financial services company. Through its subsidiary, Alerus Financial, National Association (the Bank), the Company provides financial solutions to businesses and consumers. The Company's segments include Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. The Banking segment offers a complete line of loan, deposit, cash management, and treasury services. The Retirement and Benefit Services segment provides various services, including recordkeeping and administration services to qualified retirement plans; ESOP trustee, recordkeeping, and administration; and investment fiduciary services to retirement plans, among others. The Wealth Management segment provides advisory and planning services, investment management, and trust and fiduciary services. The Mortgage segment offers first and second mortgage loans through a centralized mortgage unit in Minneapolis, Minnesota, as well as through the banking office locations.

Number of employees: 732

Sales per Business

USD in Million2022Weight2023Weight Delta
Banking
44.2 %
106 50.4 % 74 44.2 % -30.19%
Retirement and Benefit Services
38.8 %
67 31.8 % 65 38.8 % -2.74%
Wealth Management
13.0 %
21 9.9 % 22 13.0 % +4.72%
Mortgage
5.5 %
19 8.9 % 9 5.5 % -50.86%
Corporate Administration
-1.5 %
-2 -1.1 % -3 -1.5 % +15.25%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
211 100.0 % 168 100.0 % -20.33%

Managers

Managers TitleAgeSince
Katie Lorenson CEO
 Chief Executive Officer 43 17-11-30
Alan Villalon DFI
 Director of Finance/CFO 49 22-01-31
Karin Taylor COO
 Chief Operating Officer 56 18-10-31
Jon Hendry CTO
 Chief Tech/Sci/R&D Officer 58 -
Randy Newman BRD
 Director/Board Member 70 80-12-31
Kari Koob AUD
 Comptroller/Controller/Auditor 40 22-08-31
Jim Collins PRN
 Corporate Officer/Principal 52 22-05-30
Teresa Wasvick HRO
 Human Resources Officer - 91-10-31
Missy Keney PRN
 Corporate Officer/Principal - 05-02-28
Forrest Wilson PRN
 Corporate Officer/Principal 54 Feb. 25

Members of the board

Members of the board TitleAgeSince
Galen Vetter BRD
 Director/Board Member 72 12-12-31
Randy Newman BRD
 Director/Board Member 70 80-12-31
Daniel Coughlin CHM
 Chairman 61 15-12-31
Kevin Lemke BRD
 Director/Board Member 71 93-12-31
Janet Estep BRD
 Director/Board Member 67 21-10-19
Mary Zimmer BRD
 Director/Board Member 61 21-10-19
John Uribe BRD
 Director/Board Member - Dec. 13
Katie Lorenson CEO
 Chief Executive Officer 43 17-11-30
Nikki Sorum
- -

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 19,885,905 17,638,714 ( 88.70 %) 0 88.70 %

Shareholders

NameEquities%Valuation
Alerus Financial, NA
11.45 %
2,260,965 11.45 % 49 M $
BlackRock Advisors LLC
7.174 %
1,415,945 7.174 % 31 M $
Alerus Financial Corp. Employee Stock Ownership Plan
5.837 %
1,152,017 5.837 % 25 M $
Vanguard Fiduciary Trust Co.
4.550 %
898,169 4.550 % 20 M $
Randy Newman
3.567 %
704,043 3.567 % 15 M $
The Banc Funds Co LLC
2.954 %
583,022 2.954 % 13 M $
Geode Capital Management LLC
1.916 %
378,147 1.916 % 8 M $
STATE STREET CORPORATION
1.680 %
331,563 1.680 % 7 M $
Columbia Management Investment Advisers LLC
1.673 %
330,208 1.673 % 7 M $
Brown Investment Advisory & Trust Co.
1.308 %
258,130 1.308 % 6 M $

Company contact information

Alerus Financial Corp.

401 Demers Avenue

58201, Grand Forks

+701 795 3200

http://www.alerus.com
address Alerus Financial Corporation(ALRS)

Group companies

NameCategory and Sector
Alerus Financial, NA
Logo Alerus Financial, NA

Alerus Financial, NA

Major BanksFinance

Alerus Financial, NA provides banking, wealth management products and services. It manages portfolios for individuals and institutions. The firm offers checking and savings accounts, investments, loans and credits, mortgages, insurance, trust and estate planning services. The company was founded in 1879 and is headquartered in Grand Forks, ND.

Major Banks

Sector

Financials
Banking & Investment Services
Banking Services
Banks
Other Banks

Sales per Business

Ratings for Alerus Financial Corporation

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
5
Last Close Price
21 USD
Average target price
22.75 USD
Spread / Average Target
+8.33%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Banks

1st Jan change Capi.
ALERUS FINANCIAL CORPORATION Stock Alerus Financial Corporation
-6.21% 418M
JPMORGAN CHASE & CO. Stock JPMorgan Chase & Co.
+13.51% 555B
BANK OF AMERICA CORPORATION Stock Bank of America Corporation
+13.81% 301B
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED Stock Industrial and Commercial Bank of China Limited
+9.16% 249B
WELLS FARGO & COMPANY Stock Wells Fargo & Company
+23.12% 212B
BANK OF CHINA LIMITED Stock Bank of China Limited
+17.11% 172B
CHINA CONSTRUCTION BANK CORPORATION Stock China Construction Bank Corporation
+7.31% 161B
HSBC HOLDINGS PLC Stock HSBC Holdings plc
+4.36% 153B
ROYAL BANK OF CANADA Stock Royal Bank of Canada
-0.51% 137B
HDFC BANK LIMITED Stock HDFC Bank Limited
-11.61% 138B
Other Banks
  1. Stock Market
  2. Equities
  3. ALRS Stock
  4. Company Alerus Financial Corporation