Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Alerus Financial Corp before investing.

In this article, we go over a few key elements for understanding Alerus Financial Corp’s stock price such as:

• Alerus Financial Corp’s current stock price and volume
• Why Alerus Financial Corp’s stock price changed recently
• Upgrades and downgrades for ALRS from analysts
• ALRS’s stock price momentum as measured by its relative strength

About Alerus Financial Corp (ALRS)

Before we jump into Alerus Financial Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Alerus Financial Corporation is a diversified financial services company. Through its subsidiary, Alerus Financial, National Association (the Bank), the Company provides financial solutions to businesses and consumers. It operates through four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. The Banking segment offers a complete line of loan, deposit, cash management, and treasury services. The Retirement and Benefit Services segment provides various services, including recordkeeping and administration services to qualified retirement plans; ESOP trustee, recordkeeping and administration; and investment fiduciary services to retirement plans, among others. The Wealth Management segment provides advisory and planning services, investment management, and trust and fiduciary services. The Mortgage segment offers first and second mortgage loans through a centralized mortgage unit in Minneapolis, Minnesota, as well as through the banking office locations.

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Alerus Financial Corp’s Stock Price as of Market Close

As of February 13, 2024, 4:00 PM, CST, Alerus Financial Corp’s stock price was $21.61.

Alerus Financial Corp is down 6.73% from its previous closing price of $23.17.

During the last market session, Alerus Financial Corp’s stock traded between $22.89 and $23.33. Currently, there are 19.87 million shares of Alerus Financial Corp stock available for purchase.

Alerus Financial Corp’s price-earnings (P/E) ratio is currently at 12.6, which is high compared to the Banks industry median of 9.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Alerus Financial Corp Stock Price History

Alerus Financial Corp’s (ALRS) price is currently down 4.84% so far this month.

During the month of February, Alerus Financial Corp’s stock price has reached a high of $23.33 and a low of $21.26.

Over the last year, Alerus Financial Corp has hit prices as high as $25.85 and as low as $13.11. Year to date, Alerus Financial Corp’s stock is down 7.45%.

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What Caused Alerus Financial Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 12, 2024, there was 1 analyst who downgraded Alerus Financial Corp’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Alerus Financial Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Alerus Financial Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Alerus Financial Corp’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Alerus Financial Corp (ALRS) by visiting AAII Stock Evaluator.

Relative Price Strength of Alerus Financial Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 12, 2024, Alerus Financial Corp has a weighted four-quarter relative price strength of 4.24%, which translates to a Momentum Score of 79 and is considered to be Strong.

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Alerus Financial Corp Stock Price: Bottom Line

As of February 13, 2024, Alerus Financial Corp’s stock price is $21.61, which is down 6.73% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Alerus Financial Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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