Piper Sandler analyst Nathan Race maintained a Hold rating on Alerus Financial (ALRS – Research Report) today and set a price target of $23.50. The company’s shares closed last Friday at $20.30.
Race covers the Financial sector, focusing on stocks such as First Savings Financial Group, First Business Financial, and Midwestone Financial Group. According to TipRanks, Race has an average return of 7.0% and a 48.85% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Alerus Financial with a $23.17 average price target, which is a 14.14% upside from current levels. In a report released on April 24, KBW also assigned a Hold rating to the stock with a $22.00 price target.
The company has a one-year high of $25.63 and a one-year low of $12.62. Currently, Alerus Financial has an average volume of 39.28K.
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Alerus Financial (ALRS) Company Description:
Alerus Financial Corp. engages in the provision of business and consumer financial products and services through its subsidiaries, Alerus Financial NA and Alerus Securities Corp.. Its products and services include retirement plans, philanthropic giving, financial and estate planning, education funding, trust and fiduciary services, private banking, check loans, mortgage, savings, and personal loans. The was founded in 1933 and is headquartered in Grand Folks, ND.
