Through its community banking network, Alerus emphasizes local decision-making and personalized service to meet the needs of its varied client base. The company is characterized by its combination of commercial banking, wealth services, and national retirement and benefit services, with a diversified revenue mix that includes a significant fee-based component.
Cyborg Score Rationale
Alerus Financial has been assigned a consensus rating of "Moderate Buy" from seven research firms, with four analysts issuing hold recommendations, one buy, and two strong buy recommendations. Recent quarterly earnings exceeded consensus estimates with $0.85 EPS versus $0.57 expected, a 4.36% net margin, and revenue of $77.07 million.
Top Insights
Zacks Research upgraded Alerus to "strong-buy" rating on January 28th, and Wall Street Zen upgraded from hold to buy on January 31st.
Noninterest income from retirement, benefits, and wealth management represents a significant and stable portion of total revenues.
Geographic presence spans banking and wealth offices in North Dakota, Minnesota, Iowa, Wisconsin, and Arizona, with retirement and benefit services offered nationally.
The stock trades at a reasonable valuation with a PE ratio of 36.31 and market cap of $608.63 million.
Named Competitors
Regional Banking — Large regional bank competitor
Community Banking — Community bank network competitor
Retirement Services — Wealth and retirement services competitor
Recent Developments
(January 2026) Zacks Research upgraded ALRS to strong-buy rating
(January 2026) Wall Street Zen upgraded rating from hold to buy
(January 2026) Quarterly earnings of $0.85 EPS exceeded analyst expectations by $0.28
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