Alerus Financial Corp reports results for the quarter ended December 31 - Earnings Summary

• Alerus Financial Corp ALRS.OQ reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of five analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from zero cents to 44 cents per share.

• Revenue rose 53.6% to $72.16 million from a year ago; analysts expected $62.45 million.

• Alerus Financial Corp's reported EPS for the quarter was 13 cents​.

• The company reported quarterly net income of $3.22 million.

• Alerus Financial Corp shares had risen by 5.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "hold"

Wall Street's median 12-month price target for Alerus Financial Corp is $22.00

This summary was machine generated from LSEG data January 28 at 10:38 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)