UNITED STATES | |
SECURITIES AND EXCHANGE COMMISSION | |
Washington, D.C. 20549 | |
Notice of Effectiveness | |
Effectiveness Date: | July 31, 2024 4:00 P.M. |
Form: | S-4 | ||||||
|
UNITED STATES | |
SECURITIES AND EXCHANGE COMMISSION | |
Washington, D.C. 20549 | |
Notice of Effectiveness | |
Effectiveness Date: | July 31, 2024 4:00 P.M. |
Form: | S-4 | ||||||
|
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/17/2024 | $24.00 | Mkt Perform → Outperform | Raymond James |
5/16/2024 | $21.00 → $23.00 | Market Perform → Outperform | Hovde Group |
4/12/2023 | $18.00 | Mkt Perform | Keefe Bruyette |
1/27/2023 | Mkt Perform | Raymond James | |
1/26/2023 | $21.00 | Outperform → Market Perform | Hovde Group |
7/29/2022 | $27.00 → $28.00 | Market Perform → Outperform | Hovde Group |
5/18/2022 | $29.00 | Market Perform | Hovde Group |
Alerus Finl (NASDAQ:ALRS) reported quarterly earnings of $0.31 per share which missed the analyst consensus estimate of $0.36 by 13.89 percent. The company reported quarterly sales of $51.372 million which beat the analyst consensus estimate of $49.058 million by 4.72 percent. This is a 7.00 percent increase over sales of $48.012 million the same period last year.
Piper Sandler analyst Nathan Race maintains Alerus Finl (NASDAQ:ALRS) with a Neutral and lowers the price target from $23.5 to $22.5.
Alerus Financial Corporation ("Alerus") (NASDAQ:ALRS) and HMN Financial, Inc. ("HMNF") (NASDAQ:HMNF) jointly announced today the signing of a definitive Agreement and Plan of Merger (the "Merger Agreement") pursuant to which Alerus will acquire, in an all-stock merger, HMNF, a savings and loan holding company headquartered in Rochester, Minnesota, and the parent company of Home Federal Savings Bank ("Home Federal"). Under the terms of the Merger Agreement, HMNF will merge with and into Alerus (the "Merger") and Home Federal will merge with and into Alerus' wholly-owned bank subsidiary, Alerus Financial, National Association, in a transaction valued at approximately $116.4 million.This press
Alerus Financial Corporation (NASDAQ:ALRS) (the "Company") announced that, effective May 10, 2022, Dan Coughlin was appointed by the Board of Directors to serve as Chairman of the Board. Mr. Coughlin replaces former Alerus Chairman, President, and Chief Executive Officer, Randy Newman, who served as Executive Chairman of the Board since Jan. 1, 2022, to support the leadership transition to current President and Chief Executive Officer Katie Lorenson. Mr. Newman will remain as a director of the Company. "It has been one of the greatest honors of my life to lead and grow Alerus. This company will forever mean so much to me, and I know Katie shares this same passion," said Mr. Newman. "I am
8-K - ALERUS FINANCIAL CORP (0000903419) (Filer)
8-K - ALERUS FINANCIAL CORP (0000903419) (Filer)
10-Q - ALERUS FINANCIAL CORP (0000903419) (Filer)
Alerus Financial Corporation (NASDAQ:ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.20 per common share on August 20, 2024, a 5.26% increase over the dividend paid a year ago. The dividend is payable on October 11, 2024, to stockholders of record as of close of business on September 13, 2024. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call transcripts are available online through Alerus' investor relations website at investors.alerus.com. About Alerus Financial Corporation Alerus Financial Corporation (NASDAQ:ALRS) is a commercial wealth bank and national retirem
Alerus Financial Corporation (NASDAQ:ALRS), or the Company, reported net income of $6.2 million for the second quarter of 2024, or $0.31 per diluted common share, compared to net income of $6.4 million, or $0.32 per diluted common share, for the first quarter of 2024, and net income of $9.1 million, or $0.45 per diluted common share, for the second quarter of 2023. CEO Comments President and Chief Executive Officer Katie Lorenson said, "We continued to see improvement in our underlying core business during the second quarter of 2024. Overall revenues grew 8% sequentially from the prior quarter as both our spread based and fee based revenues grew at a similar rate. A continued rebound in
Second Quarter Summary Net income of $1.0 million, down $0.4 million, from $1.4 million for second quarter of 2023Diluted earnings per share of $0.22, down $0.10, from $0.32 for second quarter of 2023Net interest income of $7.5 million, down $0.2 million, from $7.7 million for second quarter of 2023Gain on sales of loans of $0.6 million, up $0.3 million, from $0.3 million for second quarter of 2023Net interest margin of 2.70%, down 20 basis points, from 2.90% for second quarter of 2023Goodwill impairment of $0.8 million was recorded in the second quarter of 2024As previously announced, on May 14, 2024, we entered into a definitive Agreement and Plan of Merger to which Alerus Financial Corpo
4 - ALERUS FINANCIAL CORP (0000903419) (Issuer)
4 - ALERUS FINANCIAL CORP (0000903419) (Issuer)
4 - ALERUS FINANCIAL CORP (0000903419) (Issuer)
SC 13G/A - ALERUS FINANCIAL CORP (0000903419) (Subject)
SC 13G/A - ALERUS FINANCIAL CORP (0000903419) (Subject)
SC 13G/A - ALERUS FINANCIAL CORP (0000903419) (Subject)
Raymond James upgraded Alerus Financial from Mkt Perform to Outperform and set a new price target of $24.00
Hovde Group upgraded Alerus Financial from Market Perform to Outperform and set a new price target of $23.00 from $21.00 previously
Keefe Bruyette initiated coverage of Alerus Financial with a rating of Mkt Perform and set a new price target of $18.00
Alerus Financial Corporation (NASDAQ:ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.20 per common share on August 20, 2024, a 5.26% increase over the dividend paid a year ago. The dividend is payable on October 11, 2024, to stockholders of record as of close of business on September 13, 2024. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call transcripts are available online through Alerus' investor relations website at investors.alerus.com. About Alerus Financial Corporation Alerus Financial Corporation (NASDAQ:ALRS) is a commercial wealth bank and national retirem
Alerus Financial Corporation (NASDAQ:ALRS), or the Company, reported net income of $6.2 million for the second quarter of 2024, or $0.31 per diluted common share, compared to net income of $6.4 million, or $0.32 per diluted common share, for the first quarter of 2024, and net income of $9.1 million, or $0.45 per diluted common share, for the second quarter of 2023. CEO Comments President and Chief Executive Officer Katie Lorenson said, "We continued to see improvement in our underlying core business during the second quarter of 2024. Overall revenues grew 8% sequentially from the prior quarter as both our spread based and fee based revenues grew at a similar rate. A continued rebound in
Second Quarter Summary Net income of $1.0 million, down $0.4 million, from $1.4 million for second quarter of 2023Diluted earnings per share of $0.22, down $0.10, from $0.32 for second quarter of 2023Net interest income of $7.5 million, down $0.2 million, from $7.7 million for second quarter of 2023Gain on sales of loans of $0.6 million, up $0.3 million, from $0.3 million for second quarter of 2023Net interest margin of 2.70%, down 20 basis points, from 2.90% for second quarter of 2023Goodwill impairment of $0.8 million was recorded in the second quarter of 2024As previously announced, on May 14, 2024, we entered into a definitive Agreement and Plan of Merger to which Alerus Financial Corpo