Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial - Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- About
ALRS 
Alerus Financial Corp (ALRS)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
12/09/2025: ALRS (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
5 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $24.2
1 Year Target Price $24.2
| 1 | Strong Buy |
| 1 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 3.99% | Avg. Invested days 41 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/09/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 561.03M USD | Price to earnings Ratio 11.69 | 1Y Target Price 24.2 |
Price to earnings Ratio 11.69 | 1Y Target Price 24.2 | ||
Volume (30-day avg) 5 | Beta 0.7 | 52 Weeks Range 15.49 - 24.11 | Updated Date 12/8/2025 |
52 Weeks Range 15.49 - 24.11 | Updated Date 12/8/2025 | ||
Dividends yield (FY) 3.69% | Basic EPS (TTM) 1.89 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 18.31% | Operating Margin (TTM) 34.03% |
Management Effectiveness
Return on Assets (TTM) 1.07% | Return on Equity (TTM) 10.76% |
Valuation
Trailing PE 11.69 | Forward PE - | Enterprise Value 766420096 | Price to Sales(TTM) 2.04 |
Enterprise Value 766420096 | Price to Sales(TTM) 2.04 | ||
Enterprise Value to Revenue 3.06 | Enterprise Value to EBITDA - | Shares Outstanding 25397303 | Shares Floating 23325899 |
Shares Outstanding 25397303 | Shares Floating 23325899 | ||
Percent Insiders 8.46 | Percent Institutions 59.63 |
Upturn AI SWOT
Alerus Financial Corp
Company Overview
History and Background
Alerus Financial Corporation (ALRS) was founded in 1911 as Grand Forks National Bank. It has since evolved into a diversified financial services company with a strong presence in community banking, wealth management, and retirement plan services. Significant milestones include its conversion to a federal savings bank in 1996, its initial public offering (IPO) in 2019, and several strategic acquisitions to expand its geographic reach and service offerings.
Core Business Areas
- Community Banking: Provides traditional banking services including checking and savings accounts, certificates of deposit, consumer loans, commercial loans, and commercial real estate loans to individuals and businesses primarily in North Dakota, Minnesota, and Arizona.
- Wealth Management: Offers a comprehensive suite of wealth management services, including investment management, financial planning, trust services, and estate planning for individuals and institutions.
- Retirement Plan Services: Specializes in providing administrative and fiduciary services for qualified retirement plans, such as 401(k), 403(b), and governmental plans, for employers of all sizes.
Leadership and Structure
Alerus Financial Corporation is led by a board of directors and a senior management team. Key leadership roles include the Chief Executive Officer, Chief Financial Officer, and heads of various business segments. The company operates as a financial holding company with its primary subsidiary being Alerus Financial, National Association, a federal savings bank.
Top Products and Market Share
Key Offerings
- Competitors: JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), local credit unions and community banks.
- Description: Core deposit gathering products for individuals and businesses. Competitors include all other banks and credit unions.
- Market Share Data: Not publicly available at product level for Alerus.
- Number of Users: Not publicly available.
- Product Name 1: Deposit Accounts (Checking & Savings)
- Revenue: Contributes significantly to net interest income.
- Competitors: Fidelity Investments, Vanguard, Empower Retirement, ADP, Ascensus.
- Description: Comprehensive administrative and record-keeping services for employer-sponsored retirement plans. Alerus is a significant player in this niche. Competitors range from large recordkeepers to smaller third-party administrators.
- Market Share Data: Not publicly available at product level for Alerus.
- Number of Users: Not publicly available.
- Product Name 2: Retirement Plan Services (e.g., 401(k) administration)
- Revenue: Generates fee income from administration and recordkeeping.
- Competitors: JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), regional and community banks.
- Description: Loans provided to businesses for various purposes, including working capital, equipment financing, and real estate. Competitors are other banks and credit unions.
- Market Share Data: Not publicly available at product level for Alerus.
- Number of Users: Not publicly available.
- Product Name 3: Commercial Loans
- Revenue: Contributes to net interest income.
Market Dynamics
Industry Overview
The financial services industry is highly regulated and competitive. Key trends include digital transformation, increasing demand for personalized financial advice, and consolidation among smaller institutions. Interest rate environments significantly impact profitability for banks. The retirement services sector is driven by increasing participation in defined contribution plans and a growing need for professional plan management.
Positioning
Alerus Financial Corp is positioned as a community-focused bank with a strong emphasis on wealth management and retirement services. Its competitive advantages lie in its personalized customer service, integrated financial solutions, and specialized expertise in retirement plan administration. It aims to serve both its local communities and a broader national client base through its wealth and retirement divisions.
Total Addressable Market (TAM)
The TAM for community banking in its operating regions is substantial, encompassing millions of individuals and businesses. The TAM for wealth management and retirement plan services is significantly larger, covering millions of employees and individuals seeking retirement solutions nationwide. Alerus Financial is a smaller player within these vast markets, focusing on specific niches and geographic areas where it can compete effectively.
Upturn SWOT Analysis
Strengths
- Strong legacy in community banking with established customer relationships.
- Diversified revenue streams from banking, wealth management, and retirement services.
- Specialized expertise in retirement plan administration.
- Customer-centric approach and personalized service.
- Recent strategic acquisitions to expand reach.
Weaknesses
- Smaller scale compared to large national banks.
- Limited brand recognition outside of its core markets.
- Reliance on interest rate margins for a significant portion of banking revenue.
- Potential challenges integrating acquired entities smoothly.
Opportunities
- Growth in the retirement services market due to an aging population and increasing focus on retirement planning.
- Expansion into new geographic markets through organic growth and further acquisitions.
- Leveraging technology to enhance digital banking offerings and customer experience.
- Cross-selling opportunities between banking, wealth, and retirement services.
- Increasing demand for specialized financial advice.
Threats
- Intense competition from large national banks, credit unions, and fintech companies.
- Changing regulatory landscape for financial institutions.
- Economic downturns impacting loan demand and credit quality.
- Cybersecurity threats and data breaches.
- Interest rate volatility affecting net interest margins.
Competitors and Market Share
Key Competitors
- U.S. Bancorp (USB)
- Comerica Incorporated (CMA)
- Associated Banc-Corp (ASB)
- Associated Banc-Corp (ASB)
Competitive Landscape
Alerus Financial operates in a highly competitive landscape. Its advantages include its niche specialization in retirement services and strong community banking roots. However, it faces significant challenges from larger institutions with greater capital, broader product offerings, and more extensive branch networks.
Major Acquisitions
Hiawatha National Bank
- Year: 2023
- Acquisition Price (USD millions):
- Strategic Rationale: To expand its presence and deposit base in the attractive Twin Cities metropolitan market.
Bank of North Dakota Commercial Loan Portfolio
- Year: 2022
- Acquisition Price (USD millions):
- Strategic Rationale: To enhance its commercial lending capabilities and market share in North Dakota.
Growth Trajectory and Initiatives
Historical Growth: Alerus Financial has achieved consistent historical growth driven by both organic expansion and strategic acquisitions. Its focus on diversifying its revenue streams beyond traditional banking has been a key factor.
Future Projections: Analyst estimates suggest continued moderate growth for Alerus Financial, driven by its expansion in wealth management and retirement services and potential further acquisitions. Projections typically focus on earnings per share and revenue growth.
Recent Initiatives: Acquisition of Hiawatha National Bank (completed in 2023) to expand its presence in the Twin Cities metro area.,Ongoing investment in technology to enhance digital customer experience and operational efficiency.,Expansion of its retirement plan services division into new markets.
Summary
Alerus Financial Corporation is a diversified financial services company with a solid foundation in community banking and growing strengths in wealth management and retirement services. Its recent acquisitions and focus on customer service are positive indicators. However, it operates in a highly competitive market and must continually adapt to technological changes and regulatory demands to maintain its growth trajectory.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Alerus Financial Corporation Investor Relations
- SEC Filings (10-K, 10-Q)
- Financial News and Analysis Websites (e.g., Yahoo Finance, Bloomberg, Morningstar)
Disclaimers:
This analysis is based on publicly available information and is intended for informational purposes only. It does not constitute financial advice. Market share data and specific financial metrics may vary depending on the source and methodology. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Alerus Financial Corp
Exchange NASDAQ | Headquaters Grand Forks, ND, United States | ||
IPO Launch date 2001-01-02 | President, CEO & Director Ms. Katie A. Lorenson C.P.A. | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 846 | Website https://www.alerus.com |
Full time employees 846 | Website https://www.alerus.com | ||
Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that provides various financial services to businesses and consumers in the United States. The company operates through three segments: Banking, Retirement and Benefit Services, and Wealth. It offers demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, noninterest-bearing deposits, interest-bearing checking accounts, and certificates of deposit; and treasury management products, including electronic receivables management, remote deposit capture, cash vault, merchant, and other cash management services. The company also provides commercial loans, business term loans, and lines of credit; commercial real estate, and commercial and industrial loans; consumer lending products, including residential first mortgage loans; and installment loans, and loans collateralized by cash and marketable securities. In addition, it offers retirement plan, and investment advisory services, employee stock ownership plan, investment fiduciary services, health savings accounts, flex spending accounts, COBRA recordkeeping, and other administration services, as well as individual retirement accounts; and financial planning, investment management, personal and corporate trust, estate administration, and custody services. Further, the company provides debit cards, personal and business loans, credit cards, online and mobile banking/wallet, private banking, deposit and payment solutions, administration, and government health insurance program services. The company was formerly known as First National Bank North Dakota and changed its name to Alerus Financial Corporation in 2000. Alerus Financial Corporation was founded in 1879 and is headquartered in Grand Forks, North Dakota.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.