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 1.59% upside from ALRS’s last price of $22.64) and a rating consensus of 'Buy', based on 4 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 4 Wall Street analysts in the past 3 months, with a price target range of $24.00 to $22.00. This represents a potential 1.59% upside from ALRS's last price of $22.64.
ALRS Analyst Ratings
According to 4 Wall Street analysts, Alerus Financial's rating consensus is 'Buy'. The analyst rating breakdown for ALRS stock is 0 'Strong Buy' (0.00%), 2 'Buy' (50.00%), 2 'Hold' (50.00%), 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 |
|---|---|---|---|---|---|---|
| Oct 31, 2024 | Nathan Race | Piper Sandler | $23.00 | $20.40 | 12.75% | 1.59% |
| Sep 17, 2024 | Wallave William IV | Raymond James | $24.00 | $22.39 | 7.19% | 6.01% |
| Jul 29, 2024 | Nathan Race | Piper Sandler | $24.00 | $22.37 | 7.29% | 6.01% |
| May 16, 2024 | Jeffrey Rulis | D.A. Davidson | $22.00 | $19.74 | 11.45% | -2.83% |
| May 16, 2024 | Nathan Race | Piper Sandler | $22.50 | $19.65 | 14.50% | -0.62% |
| Apr 29, 2024 | Nathan Race | Piper Sandler | $23.50 | $20.10 | 16.92% | 3.80% |
The latest Alerus Financial stock forecast, released on Oct 31, 2024 by Nathan Race from Piper Sandler, set a price target of $23.00, which represents a 12.75% increase from the stock price at the time of the forecast ($20.40), and a 1.59% increase from ALRS last price ($22.64).
Alerus Financial Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 6 |
| Avg Price Target | $23.00 | $23.50 | $23.17 |
| Last Closing Price | $22.64 | $22.64 | $22.64 |
| Upside/Downside | 1.59% | 3.80% | 2.34% |
In the current month, the average price target of Alerus Financial stock is $23.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 1.59% increase as opposed to Alerus Financial's last price of $22.64. This month's average price target is down -2.13% compared to last quarter, and down -0.73% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 31, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Sep 17, 2024 | Raymond James | - | Outperform | Upgrade |
| 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 Oct 31, 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 | Jun 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 | $51.52M | $50.46M | $56.02M | $55.94M | $56.69M | $61.59M | $60.28M | $65.79M | $57.13M | $44.98M | $47.13M | $47.51M |
| Avg Forecast | $74.61M | $73.78M | $72.09M | $70.56M | $70.07M | $68.81M | $66.84M | $64.47M | $63.09M | $52.24M | $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 | $78.36M | $77.48M | $75.71M | $74.11M | $73.59M | $72.27M | $70.20M | $66.88M | $66.44M | $52.26M | $49.06M | $47.45M | $39.49M | $48.40M | $50.81M | $51.38M | $58.92M | $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 |
| Low Forecast | $71.27M | $70.47M | $68.86M | $67.40M | $66.93M | $65.73M | $63.85M | $62.05M | $59.73M | $52.22M | $49.06M | $47.45M | $39.14M | $45.99M | $46.21M | $46.73M | $53.59M | $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 |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 1.01% | 0.99% | 0.99% | 0.92% | 0.95% | 0.94% | 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 $47.45M, and a high forecast of $47.45M. 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 | Jun 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 | 3 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $1.32M | $12.87M | $12.96M | $25.97M | $25.57M | $18.62M | $15.55M | $16.53M | $20.27M | $20.70M | $18.98M | $23.50M | $17.66M | $28.17M | $20.73M | $13.14M | $16.48M | $16.67M |
| Avg Forecast | $18.07M | $17.87M | $17.46M | $17.09M | $16.97M | $16.67M | $16.19M | $15.61M | $15.28M | $12.65M | $11.88M | $18.89M | $9.52M | $11.56M | $11.72M | $17.17M | $14.30M | $13.93M | $13.30M | $15.61M | $13.06M | $12.88M | $13.42M | $14.92M | $13.94M | $12.62M | $11.39M | $13.96M | $11.32M | $16.67M |
| High Forecast | $18.98M | $18.77M | $18.34M | $17.95M | $17.82M | $17.50M | $17.00M | $16.20M | $16.09M | $12.66M | $11.88M | $22.66M | $9.56M | $11.72M | $12.31M | $20.60M | $17.17M | $13.93M | $13.30M | $18.73M | $13.06M | $12.88M | $13.42M | $17.90M | $13.94M | $12.62M | $11.39M | $16.75M | $11.32M | $20.00M |
| Low Forecast | $17.26M | $17.07M | $16.68M | $16.32M | $16.21M | $15.92M | $15.46M | $15.03M | $14.47M | $12.65M | $11.88M | $15.11M | $9.48M | $11.14M | $11.19M | $13.74M | $11.44M | $13.93M | $13.30M | $12.49M | $13.06M | $12.88M | $13.42M | $11.93M | $13.94M | $12.62M | $11.39M | $11.17M | $11.32M | $13.34M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.14% | 1.11% | 1.11% | 1.51% | 1.79% | 1.34% | 1.17% | 1.06% | 1.55% | 1.61% | 1.41% | 1.58% | 1.27% | 2.23% | 1.82% | 0.94% | 1.46% | 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 | Jun 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 | 3 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-14.75M | $9.16M | $9.10M | $8.19M | $10.91M | $9.62M | $9.29M | $10.18M | $12.71M | $13.07M | $11.69M | $15.21M | $10.18M | $17.66M | $11.47M | $5.36M | $7.65M | $7.10M |
| Avg Forecast | $13.05M | $12.85M | $12.04M | $11.44M | $12.09M | $11.36M | $10.44M | $8.91M | $5.70M | $8.87M | $7.31M | $11.64M | $5.75M | $7.15M | $7.11M | $10.58M | $8.97M | $11.83M | $11.03M | $9.62M | $10.69M | $10.03M | $11.29M | $9.66M | $12.36M | $8.09M | $7.22M | $5.70M | $7.82M | $7.10M |
| High Forecast | $13.90M | $13.69M | $12.83M | $12.19M | $12.87M | $12.10M | $11.12M | $9.85M | $8.55M | $8.89M | $7.78M | $13.97M | $6.13M | $7.74M | $7.57M | $12.70M | $10.76M | $11.83M | $11.03M | $11.54M | $10.69M | $10.03M | $11.29M | $11.59M | $12.36M | $8.09M | $7.22M | $6.84M | $7.82M | $8.52M |
| Low Forecast | $12.29M | $12.10M | $11.34M | $10.78M | $11.38M | $10.70M | $9.83M | $7.74M | $2.14M | $8.85M | $6.88M | $9.31M | $5.56M | $5.96M | $6.69M | $8.46M | $7.17M | $11.83M | $11.03M | $7.69M | $10.69M | $10.03M | $11.29M | $7.73M | $12.36M | $8.09M | $7.22M | $4.56M | $7.82M | $5.68M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -2.56% | 1.28% | 1.28% | 0.77% | 1.22% | 0.81% | 0.84% | 1.06% | 1.19% | 1.30% | 1.04% | 1.58% | 0.82% | 2.18% | 1.59% | 0.94% | 0.98% | 1.00% |
Alerus Financial's average Quarter net income forecast for Dec 23 is $5.75M, with a range of $5.56M to $6.13M. ALRS's average Quarter net income forecast represents a -37.18% 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 | Jun 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 | 3 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $19.76M | $19.50M | $19.84M | $20.14M | $22.06M | $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 | $29.33M | $29.00M | $28.33M | $27.73M | $27.54M | $27.04M | $26.27M | $25.34M | $24.79M | $20.53M | $19.28M | $29.03M | $15.45M | $18.76M | $19.01M | $26.39M | $20.58M | $22.61M | $21.58M | $23.99M | $21.20M | $20.89M | $21.77M | $18.99M | $22.61M | $20.47M | $18.48M | $26.30M | $18.37M | $30.82M |
| High Forecast | $30.80M | $30.45M | $29.76M | $29.13M | $28.92M | $28.40M | $27.59M | $26.29M | $26.11M | $20.54M | $19.28M | $34.83M | $15.52M | $19.02M | $19.97M | $31.67M | $24.70M | $22.61M | $21.58M | $28.79M | $21.20M | $20.89M | $21.77M | $22.79M | $22.61M | $20.47M | $18.48M | $31.55M | $18.37M | $36.99M |
| Low Forecast | $28.01M | $27.70M | $27.07M | $26.49M | $26.31M | $25.83M | $25.10M | $24.39M | $23.48M | $20.52M | $19.28M | $23.22M | $15.38M | $18.08M | $18.16M | $21.11M | $16.46M | $22.61M | $21.58M | $19.19M | $21.20M | $20.89M | $21.77M | $15.19M | $22.61M | $20.47M | $18.48M | $21.04M | $18.37M | $24.66M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.03% | 0.75% | 0.98% | 0.98% | 1.02% | 0.82% | 1.38% | 1.45% | 1.40% | 1.58% | 1.50% | 1.39% | 1.46% | 0.94% | 0.57% | 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 | Jun 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 | 3 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.75 | $0.46 | $0.45 | $0.41 | $0.54 | $0.48 | $0.53 | $0.58 | $0.74 | $0.75 | $0.67 | $0.87 | $0.58 | $1.01 | $0.66 | $0.31 | $0.44 | $0.49 |
| Avg Forecast | $0.65 | $0.64 | $0.60 | $0.57 | $0.60 | $0.57 | $0.52 | $0.44 | $0.28 | $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 | $0.69 | $0.68 | $0.64 | $0.61 | $0.64 | $0.60 | $0.55 | $0.49 | $0.43 | $0.44 | $0.39 | $0.34 | $0.31 | $0.39 | $0.38 | $0.40 | $0.61 | $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 |
| Low Forecast | $0.61 | $0.60 | $0.57 | $0.54 | $0.57 | $0.53 | $0.49 | $0.39 | $0.11 | $0.44 | $0.34 | $0.30 | $0.28 | $0.30 | $0.33 | $0.35 | $0.54 | $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 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -2.62% | 1.29% | 1.27% | 1.10% | 0.94% | 0.81% | 0.96% | 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 $0.31. This represents a -37.68% decrease compared to ALRS previous annual EPS of $0.46 (Sep 23).