
ALRS Stock Forecast & Price Target
ALRS Analyst Ratings
Bulls say
Alerus Financial Corp has demonstrated a solid financial performance, with a notable 4% increase in core net interest margin (NIM), rising to 3.06%, suggesting improved profitability in its banking operations. The wealth management segment is projected to grow revenues by 13% year-over-year, indicating strong demand for its services and a positive outlook for this area of the business. Despite a slight increase in non-performing assets (NPAs) to 1.29%, the overall revenue growth and margin improvements position Alerus Financial favorably in the market.
Bears say
Alerus Financial Corp experienced a 1% decline in end-of-period loans held for investment (HFI), falling short of initial expectations, which raises concerns about loan demand and profitability. Additionally, the company's total deposits decreased by 3% quarter-over-quarter, accompanied by a notable 20% surge in certificates of deposit, indicating a shift in funding strategies. Furthermore, the decline in interest-bearing demand deposits (IB DDA) by 6% further emphasizes the challenges in attracting and retaining customer deposits in a competitive financial landscape.
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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