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Alerus Financial (ALRS): analyst forecast and price target

$31.34 +2.05% close 16.10.26 · market cap $765M · Financial · Banks - Regional IWM 0.03%
Price targets and ratings of

Analyst consensus

Moderate Buy

1 Buy2 Hold0 Sell

Ratings of 3 analysts in the last 3 months · top analysts only

12-month forecast

$35.33+12.7% upside

Based on 3 price targets given in the last 3 months, the average target is $35.33, the highest $38.00, the lowest $32.00. The average is +12.7% from the last price of $31.34.

$20.00$25.00$30.00$35.00Jan 26AprJulOctJan 27AprJulOctHigh$38.00Average$35.33Low$32.00
Highest target $38.00 Average target $35.33 Lowest target $32.00
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Nathan Race★★★★★★★★★★#325 · hits 68% · avg +14.5% Piper Sandler $37.00 → $38.00+2.7% Buy +21.3% Upgrade 02.10.26on TipRanks 05:30 +2.2%next day −1.5% · 5 days −6.1%
Nathan Race★★★★★★★★★★#325 · hits 68% · avg +14.5% Piper Sandler $37.00 Hold +18.1% Reiterated 28.08.26on TipRanks 07:14 −0.1%next day −0.4% · 5 days +1.9%
Jeff Rulis★★★★★★★★★★#389 · hits 75% · avg +15.8% D.A. Davidson $36.00 Hold +14.9% Assigned 31.07.26on TipRanks 09:16 −1.6%next day +1.1% · 5 days −3.6%
Damon Delmonte★★★★★★★★★★#129 · hits 83% · avg +20.0% KBW $29.00 → $32.00+10.3% Hold +2.1% Reiterated 31.07.26on TipRanks 06:50 −1.6%next day +1.1% · 5 days −3.6%
Ken Kohut Raymond James $34.00 Buy +8.5% Reiterated 09.07.26on TipRanks Jul 10 05:20 +0.9%next day +1.0% · 5 days +5.7%
Brendan Nosal★★★★★★★★★★#2692 · hits 60% · avg +8.1% Hovde Group — Hold — Downgrade 07.01.26on TipRanks 06:15 −0.4%next day +2.6% · 5 days +3.2%

Every rating the collector has kept for the last 12 months, including the earlier ones of the same analyst. Latest of each analyst

Best analysts covering Alerus Financial

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months Google Banks - Regional★★★★★★★★★★TipRanks - Google · #164
Hits 78%313 of 401 Average return +11.8%
1 year Google Banks - Regional★★★★★★★★★★TipRanks - Google · #164
Hits 78%313 of 401 Average return +11.8%
2 years Google Banks - Regional★★★★★★★★★★TipRanks - Google · #164
Hits 78%313 of 401 Average return +11.8%

Most profitable

3 months Google Banks - Regional★★★★★★★★★★TipRanks - Google · #164
Hits 78%313 of 401 Average return +11.8%
1 year Google Banks - Regional★★★★★★★★★★TipRanks - Google · #164
Hits 78%313 of 401 Average return +11.8%
2 years Google Banks - Regional★★★★★★★★★★TipRanks - Google · #164
Hits 78%313 of 401 Average return +11.8%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $34.75 at a price of $31.58 (+10.0%); now: $35.33 at $31.34 (+12.7%).

$32.00$34.00Sep 15Oct 1Oct 15Top analysts$35.33Average target$35.33Price$31.34

PriceAverage targetTop analysts’ target

Recommendation trend · top analysts

024681Oct 253Nov3Dec26Jan 2624Feb24Mar1Apr3May4Jun6Jul5Aug4Sep11Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy000000
Buy000001
Hold346541
Sell000000

Earnings and sales forecast

Next report: 28.10.26 (Q3 2026, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $0.66 (from $0.64 to $0.68). Last quarter: $0.80.

Sales

Next quarter’s sales estimate — $77M (from $75M to $77M). Last quarter: $104M.

Best top-analyst consensus in the sector · Financial

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About Alerus Financial
  • CEO: Katie A. Lorenson
  • Employees: 843
  • 401 Demers Avenue, Grand Forks, ND, 58201, US
  • alerus.com

Alerus Financial Corporation, operating primarily through its subsidiary Alerus Financial, National Association, delivers a broad spectrum of financial services to both commercial clients and individual consumers. The company organizes its operations across four distinct segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. Within its Banking segment, Alerus provides a comprehensive array of deposit solutions, including checking, savings, money market, and certificate of deposit accounts. It also supports businesses with robust treasury management products like electronic receivables management, remote deposit capture, cash vault services, and other cash management tools. Lending solutions encompass various commercial loans, such as business term loans, lines of credit, commercial real estate financing, and construction and land development loans, alongside consumer offerings like residential first and second mortgages and installment loans. The Retirement and Benefit Services division focuses on administering retirement plans, providing investment advisory services, managing employee stock ownership plans (ESOPs), and offering payroll, health savings accounts (HSAs), and other employee benefits, including individual retirement accounts (IRAs). Through Wealth Management, clients can access financial planning, investment management, personal and corporate trust services, estate administration, and custodial solutions. Additional offerings extend to debit and credit cards, modern online and mobile banking platforms, secure payment solutions, and exclusive private banking privileges, as well as flex spending accounts and government health insurance program services. Geographically, the company's banking services are delivered through fourteen offices located in North Dakota, Minnesota, and Arizona. Its Retirement and Benefit Services, however, boast a national footprint, serving clients in all 50 states from offices situated in Michigan,

Data from the stock’s TipRanks forecast page, read 121 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗