Alerus Financial (ALRS) Stock Forecast, Price Target & Predictions
ALRS Stock Forecast
Alerus Financial stock forecast is as follows: an average price target of $23.00 (represents a 8.24% upside from ALRS’s last price of $21.25) and a rating consensus of 'Hold', based on 3 wall street analysts offering a 1-year stock forecast.
ALRS Price Target
The average price target for Alerus Financial (ALRS) is $23.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $24.00 to $22.00. This represents a potential 8.24% upside from ALRS's last price of $21.25.
ALRS Analyst Ratings
According to 3 Wall Street analysts, Alerus Financial's rating consensus is 'Hold'. The analyst rating breakdown for ALRS stock is 0 'Strong Buy' (0.00%), 1 'Buy' (33.33%), 2 'Hold' (66.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Alerus Financial Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 29, 2024 | Nathan Race | Piper Sandler | $24.00 | $22.37 | 7.29% | 12.94% |
| May 16, 2024 | Jeffrey Rulis | D.A. Davidson | $22.00 | $19.74 | 11.45% | 3.53% |
| May 16, 2024 | Nathan Race | Piper Sandler | $22.50 | $19.65 | 14.50% | 5.88% |
| Apr 29, 2024 | Nathan Race | Piper Sandler | $23.50 | $20.10 | 16.92% | 10.59% |
The latest Alerus Financial stock forecast, released on Jul 29, 2024 by Nathan Race from Piper Sandler, set a price target of $24.00, which represents a 7.29% increase from the stock price at the time of the forecast ($22.37), and a 12.94% increase from ALRS last price ($21.25).
Alerus Financial Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 4 |
| Avg Price Target | - | $24.00 | $23.00 |
| Last Closing Price | $21.25 | $21.25 | $21.25 |
| Upside/Downside | -100.00% | 12.94% | 8.24% |
In the current month, the average price target of Alerus Financial stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Alerus Financial's last price of $21.25. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 29, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| May 17, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| May 16, 2024 | Hovde Group | - | Outperform | Upgrade |
| Apr 29, 2024 | Piper Sandler | Neutral | Neutral | Hold |
Alerus Financial's last stock rating was published by Piper Sandler on Jul 29, 2024. The company gave ALRS a "Neutral" rating, the same as its previous rate.
Alerus Financial Financial Forecast
Alerus Financial Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $45.49M | $48.11M | $47.80M | $48.41M | $51.88M | $54.92M | - | $50.46M | $56.02M | $55.94M | $56.69M | $61.59M | $60.28M | $65.79M | $57.13M | $44.98M | $47.13M | $47.51M |
| Avg Forecast | $73.66M | $72.42M | $70.67M | $69.44M | $70.19M | $69.14M | $67.54M | $65.69M | $60.45M | $52.28M | $49.06M | $47.45M | $39.31M | $47.72M | $48.38M | $48.92M | $56.10M | $57.53M | $54.90M | $54.44M | $53.94M | $53.16M | $55.40M | $56.68M | $57.54M | $52.09M | $47.02M | $44.88M | $46.73M | $47.50M |
| High Forecast | $74.53M | $73.27M | $71.51M | $70.27M | $71.02M | $69.96M | $68.34M | $66.47M | $61.17M | $52.53M | $49.64M | $48.01M | $39.49M | $48.40M | $48.95M | $49.50M | $56.77M | $58.22M | $54.90M | $55.64M | $55.12M | $54.32M | $56.61M | $57.93M | $58.80M | $53.24M | $48.05M | $45.86M | $47.76M | $48.54M |
| Low Forecast | $72.82M | $71.60M | $69.88M | $68.66M | $69.40M | $68.36M | $66.77M | $64.95M | $59.77M | $52.03M | $48.50M | $46.91M | $39.14M | $45.99M | $47.83M | $48.37M | $55.47M | $56.88M | $54.90M | $53.55M | $53.05M | $52.28M | $54.49M | $55.75M | $56.59M | $51.24M | $46.24M | $44.14M | $45.96M | $46.72M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 1.01% | 0.99% | 0.99% | 0.92% | 0.95% | - | 0.93% | 1.04% | 1.05% | 1.02% | 1.09% | 1.05% | 1.26% | 1.22% | 1.00% | 1.01% | 1.00% |
Alerus Financial's average Quarter revenue forecast for Mar 24 based on 1 analysts is $47.45M, with a low forecast of $46.91M, and a high forecast of $48.01M. ALRS's average Quarter revenue forecast represents a 4.31% increase compared to the company's last Quarter revenue of $45.49M (Dec 23).
Alerus Financial EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $1.32M | $12.87M | $12.96M | $25.97M | $25.57M | $18.62M | - | $16.53M | $20.27M | $20.70M | $18.98M | $23.50M | $17.66M | $28.17M | $20.73M | $13.14M | $16.48M | $16.67M |
| Avg Forecast | $17.84M | $17.54M | $17.12M | $16.82M | $17.00M | $16.75M | $16.36M | $15.91M | $14.64M | $12.66M | $11.88M | $18.89M | $9.52M | $11.56M | $11.72M | $17.17M | $13.59M | $13.02M | $13.30M | $15.61M | $13.00M | $11.84M | $15.59M | $14.92M | $19.08M | $14.72M | $15.82M | $13.96M | $14.79M | $16.67M |
| High Forecast | $18.05M | $17.75M | $17.32M | $17.02M | $17.20M | $16.94M | $16.55M | $16.10M | $14.82M | $12.72M | $12.02M | $22.66M | $9.56M | $11.72M | $11.86M | $20.60M | $13.75M | $15.63M | $13.30M | $18.73M | $15.60M | $14.21M | $18.71M | $17.90M | $22.90M | $17.66M | $18.98M | $16.75M | $17.74M | $20.00M |
| Low Forecast | $17.64M | $17.34M | $16.92M | $16.63M | $16.81M | $16.56M | $16.17M | $15.73M | $14.48M | $12.60M | $11.75M | $15.11M | $9.48M | $11.14M | $11.58M | $13.74M | $13.43M | $10.42M | $13.30M | $12.49M | $10.40M | $9.47M | $12.47M | $11.93M | $15.27M | $11.77M | $12.66M | $11.17M | $11.83M | $13.34M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.14% | 1.11% | 1.11% | 1.51% | 1.88% | 1.43% | - | 1.06% | 1.56% | 1.75% | 1.22% | 1.58% | 0.93% | 1.91% | 1.31% | 0.94% | 1.11% | 1.00% |
1 analysts predict ALRS's average Quarter EBITDA for Mar 24 to be $18.89M, with a high of $22.66M and a low of $15.11M. This is 1326.49% upper than Alerus Financial's previous annual EBITDA (Dec 23) of $1.32M.
Alerus Financial Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-14.75M | $9.16M | $9.10M | $8.19M | $10.91M | $9.62M | - | $10.18M | $12.71M | $13.07M | $11.69M | $15.21M | $10.18M | $17.66M | $11.47M | $5.36M | $7.65M | $7.10M |
| Avg Forecast | $14.44M | $13.63M | $12.83M | $12.23M | $12.95M | $12.43M | $11.71M | $10.63M | $7.26M | $8.90M | $7.30M | $11.64M | $5.75M | $7.14M | $7.10M | $10.58M | $11.56M | $8.22M | $10.99M | $9.62M | $8.15M | $7.47M | $9.61M | $9.66M | $11.00M | $9.23M | $8.75M | $5.70M | $6.87M | $7.10M |
| High Forecast | $14.66M | $13.84M | $13.03M | $12.42M | $13.15M | $12.62M | $11.89M | $10.79M | $7.37M | $9.31M | $7.41M | $13.97M | $5.84M | $7.73M | $7.21M | $12.70M | $11.74M | $9.87M | $10.99M | $11.54M | $9.78M | $8.97M | $11.53M | $11.59M | $13.20M | $11.07M | $10.50M | $6.84M | $8.24M | $8.52M |
| Low Forecast | $14.22M | $13.43M | $12.64M | $12.05M | $12.76M | $12.25M | $11.54M | $10.47M | $7.15M | $8.70M | $7.19M | $9.31M | $5.55M | $5.95M | $6.99M | $8.46M | $11.39M | $6.58M | $10.99M | $7.69M | $6.52M | $5.98M | $7.68M | $7.73M | $8.80M | $7.38M | $7.00M | $4.56M | $5.49M | $5.68M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -2.57% | 1.28% | 1.28% | 0.77% | 0.94% | 1.17% | - | 1.06% | 1.56% | 1.75% | 1.22% | 1.58% | 0.93% | 1.91% | 1.31% | 0.94% | 1.11% | 1.00% |
Alerus Financial's average Quarter net income forecast for Dec 23 is $5.75M, with a range of $5.55M to $5.84M. ALRS's average Quarter net income forecast represents a -37.26% decrease compared to the company's last Quarter net income of $9.16M (Sep 23).
Alerus Financial SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $19.76M | $19.50M | $19.84M | $20.14M | $22.06M | - | $19.65M | $29.16M | $30.21M | $30.57M | $29.91M | $33.87M | $28.36M | $27.01M | $24.75M | $10.46M | $30.82M |
| Avg Forecast | $28.95M | $28.46M | $27.78M | $27.29M | $27.59M | $27.17M | $26.54M | $25.82M | $23.76M | $20.55M | $19.28M | $29.03M | $15.45M | $18.76M | $19.01M | $26.39M | $22.05M | $19.01M | $21.58M | $23.99M | $18.71M | $17.28M | $25.12M | $18.99M | $36.60M | $14.82M | $20.61M | $26.30M | $9.38M | $30.82M |
| High Forecast | $29.29M | $28.80M | $28.11M | $27.62M | $27.92M | $27.50M | $26.86M | $26.13M | $24.04M | $20.65M | $19.51M | $34.83M | $15.52M | $19.02M | $19.24M | $31.67M | $22.31M | $22.81M | $21.58M | $28.79M | $22.45M | $20.74M | $30.14M | $22.79M | $43.92M | $17.78M | $24.73M | $31.55M | $11.26M | $36.99M |
| Low Forecast | $28.62M | $28.14M | $27.46M | $26.99M | $27.28M | $26.87M | $26.24M | $25.53M | $23.49M | $20.45M | $19.06M | $23.22M | $15.38M | $18.08M | $18.80M | $21.11M | $21.80M | $15.21M | $21.58M | $19.19M | $14.97M | $13.82M | $20.09M | $15.19M | $29.28M | $11.86M | $16.48M | $21.04M | $7.51M | $24.66M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.03% | 0.75% | 0.91% | 1.16% | - | 0.82% | 1.56% | 1.75% | 1.22% | 1.58% | 0.93% | 1.91% | 1.31% | 0.94% | 1.11% | 1.00% |
Alerus Financial's average Quarter SG&A projection for Dec 23 is $15.45M, based on 2 Wall Street analysts, with a range of $15.38M to $15.52M. The forecast indicates a -21.82% fall compared to ALRS last annual SG&A of $19.76M (Sep 23).
Alerus Financial EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.75 | $0.46 | $0.45 | $0.41 | $0.54 | $0.48 | - | $0.58 | $0.74 | $0.75 | $0.67 | $0.87 | $0.58 | $1.01 | $0.66 | $0.31 | $0.44 | $0.49 |
| Avg Forecast | $0.72 | $0.68 | $0.64 | $0.61 | $0.65 | $0.62 | $0.58 | $0.53 | $0.36 | $0.44 | $0.36 | $0.32 | $0.29 | $0.36 | $0.35 | $0.37 | $0.58 | $0.59 | $0.55 | $0.55 | $0.53 | $0.50 | $0.56 | $0.63 | $0.62 | $0.40 | $0.36 | $0.32 | $0.39 | $0.48 |
| High Forecast | $0.73 | $0.69 | $0.65 | $0.62 | $0.66 | $0.63 | $0.59 | $0.54 | $0.37 | $0.46 | $0.37 | $0.33 | $0.29 | $0.39 | $0.36 | $0.38 | $0.59 | $0.60 | $0.55 | $0.57 | $0.55 | $0.51 | $0.58 | $0.64 | $0.63 | $0.41 | $0.37 | $0.33 | $0.40 | $0.49 |
| Low Forecast | $0.71 | $0.67 | $0.63 | $0.60 | $0.64 | $0.61 | $0.58 | $0.52 | $0.36 | $0.43 | $0.36 | $0.32 | $0.28 | $0.30 | $0.35 | $0.37 | $0.57 | $0.58 | $0.55 | $0.54 | $0.52 | $0.49 | $0.55 | $0.61 | $0.60 | $0.39 | $0.35 | $0.31 | $0.38 | $0.47 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -2.62% | 1.29% | 1.27% | 1.10% | 0.94% | 0.81% | - | 1.05% | 1.39% | 1.50% | 1.19% | 1.39% | 0.94% | 2.50% | 1.83% | 0.97% | 1.13% | 1.02% |
According to 2 Wall Street analysts, Alerus Financial's projected average Quarter EPS for Dec 23 is $0.29, with a low estimate of $0.28 and a high estimate of $0.29. This represents a -37.68% decrease compared to ALRS previous annual EPS of $0.46 (Sep 23).
ALRS Forecast FAQ
Is Alerus Financial a good buy?
No, according to 3 Wall Street analysts, Alerus Financial (ALRS) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 33.33% of ALRS's total ratings.
What is ALRS's price target?
Alerus Financial (ALRS) average price target is $23 with a range of $22 to $24, implying a 8.24% from its last price of $21.25. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Alerus Financial stock go up soon?
According to Wall Street analysts' prediction for ALRS stock, the company can go up by 8.24% (from the last price of $21.25 to the average price target of $23), up by 12.94% based on the highest stock price target, and up by 3.53% based on the lowest stock price target.
Can Alerus Financial stock reach $30?
ALRS's average twelve months analyst stock price target of $23 does not support the claim that Alerus Financial can reach $30 in the near future.
What are Alerus Financial's analysts' financial forecasts?
Alerus Financial's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $272.56M (high $275.8M, low $269.49M), average EBITDA is $66.02M (high $66.8M, low $65.27M), average net income is $47.72M (high $48.45M, low $47.02M), average SG&A $107.13M (high $108.4M, low $105.92M), and average EPS is $2.38 (high $2.42, low $2.35). ALRS's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $286.19M (high $289.58M, low $282.96M), average EBITDA is $69.32M (high $70.14M, low $68.53M), average net income is $53.13M (high $53.95M, low $52.35M), average SG&A $112.48M (high $113.82M, low $111.21M), and average EPS is $2.65 (high $2.69, low $2.61).
Did the ALRS's actual financial results beat the analysts' financial forecasts?
Based on Alerus Financial's last annual report (Dec 2023), the company's revenue was $245.11M, beating the average analysts forecast of $184.34M by 32.97%. Apple's EBITDA was $5.3M, missing the average prediction of $49.97M by -89.40%. The company's net income was $11.7M, missing the average estimation of $30.56M by -61.73%. Apple's SG&A was $0, missing the average forecast of $79.61M by -100.00%. Lastly, the company's EPS was $0.58, missing the average prediction of $1.37 by -57.62%. In terms of the last quarterly report (Dec 2023), Alerus Financial's revenue was $45.49M, beating the average analysts' forecast of $39.31M by 15.70%. The company's EBITDA was $1.32M, missing the average prediction of $9.52M by -86.10%. Alerus Financial's net income was $-14.754M, missing the average estimation of $5.75M by -356.69%. The company's SG&A was $0, missing the average forecast of $15.45M by -100.00%. Lastly, the company's EPS was $-0.75, missing the average prediction of $0.287 by -361.62%