
ALRS Stock Forecast & Price Target
ALRS Analyst Ratings
Bulls say
Alerus Financial Corp. demonstrated strong financial performance with a notable 6.8% increase in core noninterest income, reaching $31.5 million, exceeding projected figures. The company also strengthened its regulatory capital ratios, with a 10.8% CET1 ratio, up 30 basis points quarter-over-quarter, indicating robust capital management. Additionally, net interest income rose 4.7% to $45.2 million, contributing to an improved net interest margin of 3.69%, which positively reflects the company's sound operational efficiency and growth trajectory.
Bears say
Alerus Financial Corp exhibited signs of financial weakness, highlighted by a 5.3% decrease in loans quarter-over-quarter, predominantly due to a significant runoff in commercial real estate (CRE) construction. Additionally, core fee income declined by 1% from the previous quarter, falling short of expectations and contributing to an overall decrease in deposits by 1%, with a notable 30% reduction in borrowings from public funds. The company faces heightened risks from deteriorating credit quality, challenges in leveraging newly raised capital, and ongoing severe pressures in mortgage banking revenue amidst a struggling economic environment.
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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