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Alerus Financial (ALRS)

(Real Time Quote from BATS)

$22.28 USD

22.28
30,763

+0.01 (0.05%)

Updated Jul 23, 2024 02:06 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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D Value F Growth D Momentum F VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 40% (151 out of 250)

Industry: Financial - Miscellaneous Services

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Balance Sheet

Research for ALRS

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Alerus Financial falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 130 58 242 173 144
Receivables 2,739 2,426 1,735 1,955 1,705
Notes Receivable 0 0 0 0 0
Inventories 12 9 46 122 47
Other Current Assets 0 0 0 0 0
Total Current Assets 2,881 2,493 2,024 2,250 1,896
Net Property & Equipment 18 17 18 20 21
Investments & Advances 786 1,039 1,206 592 313
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 35 42 12 9 8
Intangibles 66 72 54 58 50
Deposits & Other Assets 117 110 76 77 62
Total Assets 3,908 3,780 3,393 3,014 2,357
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 314 378 0 0 0
Accounts Payable 3,096 2,915 2,921 2,572 1,971
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 64 64 50 45 32
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 3,474 3,358 2,970 2,617 2,004
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 59 59 59 59 59
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 3,539 3,423 3,033 2,684 2,071
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 20 20 17 17 17
Capital Surplus 150 155 93 90 89
Retained Earnings 273 280 254 212 178
Other Equity -74 -99 -4 11 2
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 369 357 359 330 286
Total Liabilities & Shareholder's Equity 3,908 3,780 3,393 3,014 2,357
Total Common Equity 369 357 359 330 286
Shares Outstanding 19.70 19.90 17.20 17.10 17.00
Book Value Per Share 18.74 17.93 20.90 19.31 16.81

Fiscal Year End for Alerus Financial falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents -99,999 550 130 65 65
Receivables NA 2,779 2,739 2,586 2,511
Notes Receivable NA 0 0 0 0
Inventories NA 11 12 16 21
Other Current Assets NA 0 0 0 0
Total Current Assets NA 3,340 2,881 2,667 2,598
Net Property & Equipment NA 18 18 17 17
Investments & Advances NA 764 786 943 986
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 35 35 48 44
Intangibles NA 65 66 67 69
Deposits & Other Assets NA 111 117 120 112
Total Assets NA 4,338 3,908 3,869 3,833
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable NA 555 314 515 492
Accounts Payable NA 3,285 3,096 2,872 2,853
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 62 64 67 65
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 3,902 3,474 3,455 3,410
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 59 59 59 59
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 0 0 0
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 3,966 3,539 3,520 3,475
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 20 20 20 20
Capital Surplus NA 151 150 152 153
Retained Earnings NA 275 273 291 286
Other Equity NA -74 -74 -113 -101
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 372 369 349 358
Total Liabilities & Shareholder's Equity NA 4,338 3,908 3,869 3,833
Total Common Equity 0 372 369 349 358
Shares Outstanding 19.70 19.70 19.70 19.90 20.10
Book Value Per Share 0.00 18.86 18.74 17.56 17.80