
ALRS Stock Forecast & Price Target
ALRS Analyst Ratings
Bulls say
Alerus Financial is expected to have modest loan growth in the coming years due to a focus on full relationship C&I lending. The company also has strong fee income drivers and solid organic balance sheet growth potential, making it an attractive holding. Despite a single non-accruing C&I relationship resulting in elevated charge-offs this quarter, the company's credit quality is expected to remain benign. Additionally, strong internal capital generation and disciplined excess capital priorities allow for continued share buybacks, providing potential upside to earnings per share estimates.
Bears say
Alerus Financial is facing challenges in growing its wealth management and retirement business, with a 6% decline in assets under management. Additionally, operating expenses have decreased, but there are concerns about potential funding cost pressure going forward. The bank also saw a provision reversal and elevated charge-offs in the first quarter, with potential risks of economic deterioration and credit quality issues. As a financial analyst, I have a negative outlook on the company's stock due to these challenges and uncertainties in its core operating markets.
This aggregate rating is based on analysts' research of Alerus Financial Corp and is not a guaranteed prediction by Public.com or investment advice.
ALRS Analyst Forecast & Price Prediction
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