ALRS Stock Analysis: Alerus Financial | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 792m USD | 12M Return: 52.8% | US01446U1034 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.59M
EPS Trend: 78.9%
Qual. Beats: 0
Rev. Trend: 79.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Alerus Financial Corporation (ALRS) is a U.S. bank holding company headquartered in Grand Forks, North Dakota, founded in 1879 and formerly known as First National Bank North Dakota. It operates through three segments: Banking, Retirement and Benefit Services, and Wealth, serving both businesses and consumers. Its banking offerings include demand and time deposits, treasury management products, commercial and consumer loans, commercial real estate financing, mortgages, and digital banking services. The Retirement and Benefit Services segment provides recordkeeping and administration for retirement plans, HSAs, FSAs, and COBRA, while the Wealth segment delivers investment advisory, financial planning, trust, estate administration, and custody services.
As a bank holding company, Alerus is regulated by the Federal Reserve and operates a diversified financial services model that combines traditional spread-based banking with fee-generating businesses such as retirement plan administration and wealth management. This mix of net interest income and recurring fee revenue is typical of community and regional banks seeking to reduce earnings volatility tied to interest rate cycles.
- Net interest margin compression as Fed cuts rates pressure spreads
- Retirement and Benefit Services fees drive diversified revenue growth
- Commercial real estate loan portfolio faces credit risk in higher rate environment
| Net Income: 27.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 1.25 > 1.0 |
| NWC/Revenue: -64.85% < 20% (prev -1.07k%; Δ 1.01k% < -1%) |
| CFO/TA 0.02 > 3% & CFO 95.5m > Net Income 27.7m |
| Net Debt (380.7m) to EBITDA (50.0m): 7.62 < 3 |
| Current Ratio: 0.37 > 1.5 & < 3 |
| Outstanding Shares: last quarter (25.4m) vs 12m ago -0.99% < -2% |
| Gross Margin: 72.05% > 18% (prev 65.79%; Δ 6.26% > 0.5%) |
| Asset Turnover: 6.27% > 50% (prev 7.01%; Δ -0.74% > 0%) |
| Interest Coverage Ratio: 0.41 > 6 (EBIT TTM 40.3m / Interest Expense TTM 97.7m) |
| A: -0.04 (Total Current Assets 129.2m - Total Current Liabilities 345.0m) / Total Assets 5.29b |
| B: 0.06 (Retained Earnings 303.1m / Total Assets 5.29b) |
| C: 0.01 (EBIT TTM 40.3m / Avg Total Assets 5.31b) |
| D: 0.12 (Book Value of Equity 583.1m / Total Liabilities 4.71b) |
| Altman-Z'' = 0.10 = B |
| DSRI: 1.09 (Receivables 20.2m/20.9m, Revenue 332.7m/373.1m) |
| GMI: 0.91 (GM 65.79% / 72.05%) |
| AQI: 1.10 (AQ_t 0.95 / AQ_t-1 0.87) |
| SGI: 0.89 (Revenue 332.7m / 373.1m) |
| TATA: -0.01 (NI 27.7m - CFO 95.5m) / TA 5.29b) |
| Beneish M = -3.06 (Cap -4..+1) = AA |
As of October 06, 2026, the stock is trading at USD 32.40 with a total of 165,571 shares traded. Over the past week, the price has changed by +1.04%, over one month by -1.84%, over three months by +4.81% and over the past year by +52.79%.
Current recommended Stop Loss: 31.40 (which is 3.1% or 1.3 ATR below the current price).
Alerus Financial has received a consensus analysts rating of 3.60. Therefore, it is recommended to hold ALRS.
- StrongBuy: 1
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 35.4 | 9.3% |
P/E Trailing = 29.6916
P/S = 3.2738
P/B = 1.3581
Revenue TTM = 332.7m USD
EBIT TTM = 40.3m USD
EBITDA TTM = 50.0m USD
Long Term Debt = 59.2m USD (from longTermDebt, last quarter)
Short Term Debt = 345.0m USD (from shortTermDebt, last quarter)
Debt = 489.7m USD (from shortLongTermDebtTotal, last quarter) + Leases 42.8m
Net Debt = 380.7m USD (calculated: Debt 489.7m - CCE 109.0m)
Enterprise Value = 1.17b USD (791.9m + Debt 489.7m - CCE 109.0m)
Interest Coverage Ratio = 0.41 (Ebit TTM 40.3m / Interest Expense TTM 97.7m)
EV/FCF = 11.77x (Enterprise Value 1.17b / FCF TTM 99.7m)
FCF Yield = 8.50% (FCF TTM 99.7m / Enterprise Value 1.17b)
FCF Margin = 29.96% (FCF TTM 99.7m / Revenue TTM 332.7m)
Net Margin = 8.33% (Net Income TTM 27.7m / Revenue TTM 332.7m)
Gross Margin = 72.05% ((Revenue TTM 332.7m - Cost of Revenue TTM 93.0m) / Revenue TTM)
Gross Margin QoQ = 77.40% (prev 82.44%)
Tobins Q-Ratio = 0.22 (Enterprise Value 1.17b / Total Assets 5.29b)
Interest Expense / Debt = 19.95% (Interest Expense 97.7m / Debt 489.7m)
Taxrate = 23.47% (8.50m / 36.2m)
NOPAT = 30.8m (EBIT 40.3m * (1 - 23.47%))
Current Ratio = 0.37 (Total Current Assets 129.2m / Total Current Liabilities 345.0m)
Debt / Equity = 0.84 (Debt 489.7m / totalStockholderEquity, last quarter 583.1m)
Debt / EBITDA = 7.62 (Net Debt 380.7m / EBITDA 50.0m)
Debt / FCF = 3.82 (Net Debt 380.7m / FCF TTM 99.7m)
Total Stockholder Equity = 568.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.52% (Net Income 27.7m / Total Assets 5.29b)
RoE = 4.88% (Net Income TTM 27.7m / Total Stockholder Equity 568.4m)
RoCE = 6.42% (EBIT 40.3m / Capital Employed (Equity 568.4m + L.T.Debt 59.2m))
RoIC = 0.58% (NOPAT 30.8m / Invested Capital 5.27b)
WACC = 11.20% (E(791.9m)/V(1.28b) * Re(8.68%) + D(489.7m)/V(1.28b) * Rd(19.95%) * (1-Tc(0.23)))
Discount Rate = 8.68% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 79.73 | Cagr: 11.24%
[DCF] Terminal Value 69.33% ; FCFF base≈73.4m ; Y1≈84.1m ; Y5≈123.8m
[DCF] Fair Price = 34.37 (EV 1.24b - Net Debt 380.7m = Equity 856.7m / Shares 24.9m; r=11.20% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 78.85 | EPS CAGR: 35.25% | SUE: 0.13 | # QB: 0
Revenue Correlation: 79.45 | Revenue CAGR: 15.20% | SUE: 0.75 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.66 | Chg30d=+0.00% | Revisions=+0% | Analysts=5
EPS current Year (2026-12-31): EPS=3.02 | Chg30d=+1.21% | Revisions=-25% | GrowthEPS=+8.5% | GrowthRev=+5.9%
EPS next Year (2027-12-31): EPS=2.82 | Chg30d=+1.99% | Revisions=+0% | GrowthEPS=-6.5% | GrowthRev=+2.7%
[Analyst] Revisions Ratio: -25% (up=0, down=1)