Headquartered in Grand Forks, ND Fiscal year ends December NASDAQ: ALRS alerus.com
Alerus Financial Corporation (Nasdaq: ALRS) is a diversified financial services company operating through its subsidiary, Alerus Financial, National Association. The company provides banking, wealth advisory services, and retirement and benefit plan services to business and consumer clients. Its banking operations include commercial and consumer lending, deposit gathering, and mortgage origination. The wealth advisory services segment manages over $5.2 billion in assets under administration/management, while the retirement and benefit services business is a national platform serving advisors, brokers, employers, and plan participants across the United States with over $45 billion in assets under administration/management. Alerus operates 26 banking and commercial wealth offices across North Dakota, Minnesota, Iowa, Wisconsin, and Arizona. The company generates a balanced revenue mix with noninterest income consistently representing over 40% of total revenue, distinguishing it from many traditional community and regional banks. Updated
TowneBank is sending shareholders the biggest check of the day, $25.9 million at 28 cents a share, with the money landing October 9. Four other companies are paying out too, including Seanergy Maritime at 35 cents a share.
Alerus Financial Corporation (Nasdaq: ALRS) is a diversified financial services company operating through its subsidiary, Alerus Financial, National Association. The company provides banking, wealth advisory services, and retirement and benefit plan services to business and consumer clients.
The Wall Street consensus 12-month price target for ALRS is $35.20.