
Regional lender Alerus Financial's ALRS.O shares rise 4.5% to $23.45 in early trading
Raymond James upgrades ALRS to "strong buy" from "outperform", citing bond portfolio rejig in late December
Raises PT to $27 from $25, a 20.3% upside to stock's last close
Brokerage boosts 2026 and 2027 EPS estimates for ALRS by 8%; says balance sheet clean-up should allow the bank to refocus energy on organic growth
"We believe the discounted valuation presents an attractive entry point for a bank that now carries an improved growth profile" - Raymond James analyst David Long
ALRS stock rose 17% in 2025