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

• Alerus Financial Corp ALRS.OQ reported quarterly adjusted earnings of 52 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of five analysts for the quarter was for earnings of 42 cents per share. Wall Street expected results to range from 37 cents to 45 cents per share.

• Revenue rose 44.7% to $68.79 million from a year ago; analysts expected $66.16 million.

• Alerus Financial Corp's reported EPS for the quarter was 52 cents​.

• The company reported quarterly net income of $13.32 million.

• Alerus Financial Corp shares had fallen by 4.0% this quarter and lost 7.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.8% 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 $21.00

This summary was machine generated from LSEG data April 28 at 09:01 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)