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Upturn AI Summary - About
Alerus Financial Corp(ALRS)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ALRS
10/28/2026: ALRS (3-star) is currently NOT-A-BUY. Pass it for now.
Alerus Financial Corp is a diversified financial services company that operates as both a regional bank and a national provider of retirement plan administrative services. This dual-model provides a degree of revenue stability, as fee-based income from retirement services helps balance the cyclical nature of its regional commercial banking segment. Its primary growth story revolves around digital integration and expanding its reach in the retirement recordkeeping market. However, the company faces risks from intense national competition in the retirement space and interest rate sensitivity in its banking operations. It is best suited for value-oriented investors seeking steady dividends, with key developments to monitor including interest rate trends and retirement platform growth.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Growth is moderate and tied to broader economic cycles in regional banking and retirement services. |
| Momentum investor | Weak fit | The stock typically exhibits value-oriented behavior rather than high-momentum growth patterns. |
| Value investor | Strong fit | The company is often priced in line with regional bank valuation multiples, appealing to value-conscious investors. |
| Dividend investor | Strong fit | Consistent dividend payments make it an attractive option for income-focused portfolios. |
| Low-risk investor | Mixed fit | While stable, the stock is subject to inherent interest rate and credit cycle volatility typical of regional banks. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | Regional bank stocks are sensitive to macro interest rate shifts and regional economic data. |
| Valuation risk | Medium | Changes in interest rate expectations can lead to rapid re-valuations of banking stocks. |
| Competition risk (Banking & Retirement) | High | Aggressive competition from larger firms may pressure margins in both banking and recordkeeping. |
| Business quality | Medium | The dual-model provides stability, but execution in two distinct industries adds complexity. |
| Dividend income | Low | Dividends are relatively stable, though not immune to severe economic downturns. |
| Execution risk | Medium | Successful management of both a regional bank and a national recordkeeping business requires diverse expertise. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type Stock | Historic Profit 23.21% | Avg. Invested days 62 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/28/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 803.41M USD | Price to earnings Ratio 29.84 | 1Y Target Price 35.2 |
Price to earnings Ratio 29.84 | 1Y Target Price 35.2 | ||
Volume (30-day avg) 171.5K shares | Beta 0.7 | 52 Weeks Range 19.66 - 34.17 | Updated Date 10/27/2026 |
52 Weeks Range 19.66 - 34.17 | Updated Date 10/27/2026 | ||
Dividends yield (FY) 2.61% | Basic EPS (TTM) 1.08 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Banking | Net interest income from loans and deposits. | The bank earns the difference between the interest it pays on deposits and the interest it earns on loans. |
| Retirement Services | Recordkeeping fees and administrative services for retirement plans. | Steady fee income generated by managing administration for retirement plans. |
| Wealth Management | Investment advisory fees and trust services. | Revenue earned based on assets under management for individuals and businesses. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2026-10-28 | When After Market | Estimate 0.67 | Actual - |
Profitability
Profit Margin 11.45% | Operating Margin (TTM) 36.49% |
Management Effectiveness
Return on Assets (TTM) 0.52% | Return on Equity (TTM) 4.96% |
Valuation
Trailing PE 29.84 | Forward PE - | Enterprise Value 1.14B | Price to Sales(TTM) 3.32 |
Enterprise Value 1.14B | Price to Sales(TTM) 3.32 | ||
Enterprise Value to Revenue 5.38 | Enterprise Value to EBITDA - | Shares Outstanding 24.93M | Shares Floating 23.00M |
Shares Outstanding 24.93M | Shares Floating 23.00M | ||
Percent Insiders 8.11 | Percent Institutions 67.22 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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