ALRS Stock Summary and Trading Ideas (Alerus Finl | NASDAQ:ALRS)

Alerus Financial Corp is a financial holding company registered in the United States. The company operates in four segments: Banking, Retirement & Benefit Services, Wealth Management, and Mortgage. It provides various banking services such as checking, debit cards, savings, current deposits, loans and advances, online banking, mobile banking, private banking, payment solutions, and other business products. Additionally, the company provides mortgage loans, retirement planning solutions, individual retirement accounts, retirement plan advisory services as well as wealth management services, including financial & estate planning, trust, and fiduciary services. The company's revenue mainly consists of interest income, commission, management fees, and other income.

Alerus Finl trades on the NASDAQ stock market under the symbol ALRS.

As of April 18, 2024, ALRS stock price declined to $19.90 with 32,983 million shares trading.

ALRS has a beta of 1.46, meaning it tends to be more sensitive to market movements. ALRS has a correlation of 0.21 to the broad based SPY ETF.

ALRS has a market cap of $392.71 million. This is considered a Small Cap stock.

Last quarter Alerus Finl reported $21 million in Revenue and $.50 earnings per share. This fell short of revenue expectation by $-25 million and exceeded earnings estimates by $.21.

In the last 3 years, ALRS stock traded as high as $38.31 and as low as $13.11.

The top ETF exchange traded funds that ALRS belongs to (by Net Assets): VTI, IWM, VXF, IWN, AVUV.

ALRS has outperformed the market in the last year with a return of +31.3%, while the SPY ETF gained +22.3%. However, in the most recent history, ALRS shares have underperformed the stock market with its stock returning -3.0% in the last 3 month period and -5.6% for the last 2 week period, while SPY has returned +6.1% and -3.8%, respectively.

ALRS support price is $19.33 and resistance is $20.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALRS stock will trade within this expected range on the day.