
ALRS Stock Forecast & Price Target
ALRS Analyst Ratings
Bulls say
Alerus Financial Corp has demonstrated strong financial performance, evidenced by a core net interest margin (NIM) increase of 6 basis points quarter-over-quarter to 3.06%, contributing to a notable revenue growth of 4% sequentially. The company's regulatory capital ratios have also improved, with the common equity tier 1 (CET1) capital rising to 10.8% and other key ratios showing similar upward trends, indicating a solid capital position. Additionally, wealth management revenue is projected to rise 13% year-over-year, highlighting the company's strong growth potential in this segment.
Bears say
Alerus Financial Corp experienced a decline in end-of-period loans held for investment (HFI), which fell by 1% quarter-over-quarter (LQ) or $41 million, underperforming the expected growth of 1%. Core fee income also saw a decrease of 1% LQ, amounting to $29.5 million, which constituted 40% of total third-quarter revenue and fell 1%-2% short of expectations. Additionally, total deposits decreased by 3% LQ, highlighted by a 30% reduction in borrowings and a 7% decline in certificates of deposit (CDs), contributing to a challenging funding environment.
This aggregate rating is based on analysts' research of Alerus Financial Corp and is not a guaranteed prediction by Public.com or investment advice.
ALRS Analyst Forecast & Price Prediction
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