ALRS
Alerus Financial Corporation
NasdaqCMUSDEQUITY
Financial Services
DELAYED
Buy
+33/100
Last price
32.36
▼ 0.04 (0.11%)
MARKET · —
Price
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Tool
1D
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Range —
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Open
—
Prev close
32.40
Day high
32.64
Day low
32.08
Volume
180.64K
Market cap
$806.65M
P/E (TTM)
29.96
52W range
20.31 – 34.40
Trailing performance
Returnvs SPY
1W
+1.86%
-0.1%
1M
-4.23%
-5.4%
3M
+6.66%
+2.1%
6M
+32.84%
+14.7%
YTD
+43.69%
+29.4%
1Y
+46.96%
+30.5%
3Y
+78.00%
-4.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on ALRS open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+15.58K
Net buying
Buy transactions
10
16.18K shares
Sell transactions
1
597 shares
Net transactions
+11
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
2.11M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 14, 26 | KOOB KARI Officer |
SELL | 597 | $19.78K | Direct |
| Sep 1, 26 | BOLTON JEFFREY Director |
BUY | 1.00K | $32.45K | Direct |
| May 27, 26 | BOLTON JEFFREY Director |
BUY | 1.00K | $28.71K | Direct |
| May 22, 26 | BOLTON JEFFREY Director |
STOCK | 1.77K | $0 | Direct |
| May 22, 26 | URIBE JOHN Director |
STOCK | 1.77K | $0 | Direct |
| May 22, 26 | SORUM NIKKI L Director |
STOCK | 1.77K | $0 | Direct |
| May 22, 26 | VETTER GALEN G Director |
STOCK | 1.77K | $0 | Direct |
| May 22, 26 | ESTEP JANET O Director |
STOCK | 1.77K | $0 | Direct |
| May 22, 26 | COUGHLIN DANIEL E. Director |
STOCK | 1.77K | $0 | Direct |
| May 22, 26 | NEWMAN RANDY L. Director |
STOCK | 1.77K | $0 | Direct |
| May 22, 26 | ZIMMER MARY E. Director |
STOCK | 1.77K | $0 | Direct |
| Feb 26, 26 | LORENSON KATIE A. Chief Executive Officer |
— | 9.36K | — | Direct |
| Feb 26, 26 | TAYLOR KARIN M Chief Operating Officer |
— | 3.57K | — | Direct |
| Feb 26, 26 | VILLALON ALAN A. Chief Financial Officer |
— | 3.22K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BOLTON JEFFREY |
Director | 15.16K | Purchase |
COLLINS JIM |
Officer | 16.83K | Conversion of Exercise of derivative security |
COUGHLIN DANIEL E. |
Director | 49.08K | Stock Award(Grant) |
HENDRY JON |
Chief Technology Officer | 80.82K | Conversion of Exercise of derivative security |
KENEY MISSY |
Officer | 23.97K | Conversion of Exercise of derivative security |
LORENSON KATIE A. |
Chief Executive Officer | 65.17K | Conversion of Exercise of derivative security |
NEWMAN RANDY L. |
Director | 808.36K | Stock Award(Grant) |
TAYLOR KARIN M |
Chief Operating Officer | 30.80K | Conversion of Exercise of derivative security |
VETTER GALEN G |
Director | 54.02K | Stock Award(Grant) |
VILLALON ALAN A. |
Chief Financial Officer | 16.49K | Conversion of Exercise of derivative security |
Fundamentals
Market cap$806.65M
Enterprise value$1.14B
Revenue (TTM)$241.90M
Gross profit$241.90M
EBITDA—
Net income$27.57M
EPS (TTM)$1.08
Free cash flow—
Total cash$117.97M
Total debt$454.14M
Book value / share$23.34
Shares outstanding24.93M
Float23.00M
Short % of float5.76%
Dividend yield2.72%
Beta (5Y)0.71
Valuation & profitability ratios
Trailing P/E29.96
Forward P/E11.48
PEG ratio—
Price / sales—
Price / book1.39
EV / revenue4.72
EV / EBITDA—
Gross margin0.00%
Operating margin36.49%
Profit margin11.45%
Return on equity4.96%
Return on assets0.52%
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $220.72M | $223.75M | $166.22M | $208.74M | -1.4% |
| Operating revenue | $220.72M | $223.75M | $166.22M | $208.74M | -1.4% |
| Selling, general & admin | $101.29M | $90.56M | $79.32M | $84.01M | +11.9% |
| Pre-tax income | $22.59M | $23.16M | $15.85M | $52.18M | -2.4% |
| Tax provision | $5.15M | $5.38M | $4.16M | $12.18M | -4.2% |
| Net income | $17.44M | $17.78M | $11.70M | $40.01M | -1.9% |
| Net income to common | $17.47M | $17.74M | $11.70M | $39.59M | -1.5% |
| Basic EPS | 0.69 | 1.00 | 0.59 | 2.12 | -31.0% |
| Diluted EPS | 0.68 | 0.98 | 0.58 | 2.10 | -30.6% |
| Basic shares | 25.38M | 21.05M | 19.92M | 18.64M | +20.6% |
| Diluted shares | 25.70M | 21.32M | 20.14M | 18.88M | +20.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $67.19M | $61.24M | $129.89M | $58.24M | +9.7% |
| Accounts receivable | $21.74M | $20.07M | $15.70M | $12.87M | +8.3% |
| Property, plant & equipment | $72.01M | $53.22M | $23.38M | $22.71M | +35.3% |
| Goodwill & intangibles | $125.39M | $137.43M | $65.99M | $72.19M | -8.8% |
| Total assets | $5.23B | $5.26B | $3.91B | $3.78B | -0.6% |
| Current debt | $308.80M | $238.96M | $314.17M | $378.08M | +29.2% |
| Long-term debt | $59.18M | $59.07M | $58.96M | $58.84M | +0.2% |
| Total debt | $404.26M | $317.02M | $378.88M | $442.82M | +27.5% |
| Total liabilities | $4.67B | $4.77B | $3.54B | $3.42B | -2.1% |
| Retained earnings | $270.07M | $273.72M | $272.70M | $280.43M | -1.3% |
| Shareholder equity | $564.93M | $495.41M | $369.13M | $356.87M | +14.0% |
| Net tangible assets | $439.55M | $357.98M | $303.13M | $284.69M | +22.8% |
| Shares issued | 25.41M | 25.34M | 19.73M | 19.99M | +0.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $17.44M | $17.78M | $11.70M | $40.01M | -1.9% |
| Depreciation & amortisation | $17.29M | $14.88M | $8.51M | $8.24M | +16.2% |
| Stock-based compensation | $2.70M | $1.65M | -$1.15M | $1.90M | +63.6% |
| Change in working capital | -$14.20M | -$11.55M | -$16.23M | $11.02M | -23.0% |
| Operating cash flow | $67.53M | $21.75M | $26.82M | $102.97M | +210.5% |
| Capital expenditure | -$8.70M | -$12.37M | -$3.07M | -$1.79M | +29.7% |
| Investing cash flow | $76.55M | -$322.82M | -$49.92M | -$292.62M | +123.7% |
| Share buybacks | -$737.00K | -$276.00K | -$6.64M | -$738.00K | -167.0% |
| Dividends paid | -$20.82M | -$15.45M | -$14.82M | -$12.80M | -34.8% |
| Financing cash flow | -$138.13M | $232.42M | $94.76M | $5.59M | -159.4% |
| Free cash flow | $58.83M | $9.38M | $23.75M | $101.18M | +527.5% |
| End cash position | $67.19M | $61.24M | $129.89M | $58.24M | +9.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $80.04M | $75.05M | $7.07M | $71.54M | $73.86M | +6.7% |
| Operating revenue | $80.04M | $75.05M | $7.07M | $71.54M | $73.86M | +6.7% |
| Selling, general & admin | $27.02M | $24.95M | $26.18M | $26.05M | $25.13M | +8.3% |
| Pre-tax income | $27.28M | $30.25M | -$43.35M | $22.02M | $26.36M | -9.8% |
| Tax provision | $6.41M | $7.28M | -$10.30M | $5.10M | $6.10M | -11.9% |
| Net income | $20.86M | $22.97M | -$33.05M | $16.92M | $20.25M | -9.2% |
| Net income to common | $20.67M | $22.77M | -$32.58M | $16.78M | $20.05M | -9.2% |
| Basic EPS | 0.82 | 0.90 | -1.28 | 0.66 | 0.79 | -8.9% |
| Diluted EPS | 0.81 | 0.89 | -1.28 | 0.65 | 0.78 | -9.0% |
| Basic shares | 25.08M | 25.38M | 25.40M | 25.39M | 25.37M | -1.2% |
| Diluted shares | 25.39M | 25.68M | 25.71M | 25.71M | 25.71M | -1.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $109.01M | $128.83M | $67.19M | $92.04M | $80.90M | -15.4% |
| Accounts receivable | $20.21M | $20.47M | $21.74M | $21.60M | $20.88M | -1.3% |
| Property, plant & equipment | $76.05M | $76.55M | $72.01M | $74.25M | $55.23M | -0.7% |
| Goodwill & intangibles | $122.08M | $123.65M | $125.39M | $128.09M | $131.28M | -1.3% |
| Total assets | $5.29B | $5.29B | $5.23B | $5.33B | $5.32B | +0.0% |
| Current debt | $345.00M | $200.00M | $308.80M | $200.00M | $200.00M | +72.5% |
| Long-term debt | $59.24M | $59.21M | $59.18M | $59.15M | $59.13M | +0.0% |
| Total debt | $446.99M | $301.80M | $404.26M | $296.07M | $277.14M | +48.1% |
| Total liabilities | $4.71B | $4.71B | $4.67B | $4.78B | $4.79B | -0.2% |
| Retained earnings | $303.07M | $287.70M | $270.07M | $308.46M | $296.88M | +5.3% |
| Shareholder equity | $583.14M | $574.69M | $564.93M | $550.69M | $533.15M | +1.5% |
| Net tangible assets | $461.06M | $451.05M | $439.55M | $422.59M | $401.88M | +2.2% |
| Shares issued | 24.99M | 25.21M | 25.41M | 25.40M | 25.39M | -0.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $20.86M | $22.97M | -$33.05M | $16.92M | $20.25M | -9.2% |
| Depreciation & amortisation | $4.01M | $5.78M | $4.53M | $5.17M | $3.77M | -30.6% |
| Stock-based compensation | $928.00K | $751.00K | $672.00K | $780.00K | $648.00K | +23.6% |
| Change in working capital | -$1.38M | $4.24M | -$13.27M | $11.92M | $1.14M | -132.6% |
| Operating cash flow | $18.60M | $27.81M | $16.34M | $32.78M | $10.69M | -33.1% |
| Capital expenditure | -$686.00K | -$2.03M | -$1.05M | -$2.47M | -$3.13M | +66.2% |
| Investing cash flow | -$14.72M | -$1.64M | $75.95M | $23.45M | $25.84M | -795.6% |
| Share buybacks | -$7.11M | -$6.54M | -$219.00K | -$342.00K | -$49.00K | -8.7% |
| Dividends paid | -$5.60M | -$5.08M | -$5.08M | -$5.34M | -$5.33M | -10.3% |
| Financing cash flow | -$23.69M | $35.47M | -$117.15M | -$45.09M | -$38.61M | -166.8% |
| Free cash flow | $17.92M | $25.79M | $15.29M | $30.32M | $7.56M | -30.5% |
| End cash position | $109.01M | $128.83M | $67.19M | $92.04M | $80.90M | -15.4% |
Options analytics
Put / call volume
0.39
Call-heavy session
Put / call open interest
0.60
Positioning, not flow
Max pain
25.00
-22.7% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
+65.9%
Puts bid over calls
Call volume
28
Contracts, this expiry
Put volume
11
Contracts, this expiry
Heaviest call OI
25.00
20 contracts
Heaviest put OI
25.00
10 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.81 | 0.80 | -0.6% |
| Mar 2026 | 0.59 | 0.89 | +51.5% |
| Dec 2025 | 0.57 | 0.85 | +49.7% |
| Sep 2025 | 0.59 | 0.66 | +11.9% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.66 | 5 | $76.72M | +4.8% |
| Next quarter | 0.67 | 5 | $77.69M | -0.0% |
| Current year | 3.02 | 5 | $311.08M | +5.9% |
| Next year | 2.82 | 5 | $319.40M | +2.7% |
Analyst targets & ownership
Mean target$35.20
High target$38.00
Low target$32.00
Implied upside8.78%
Analyst count5
ConsensusHOLD
Strong buy / Buy2 / 0
Hold3
Sell / Strong sell0 / 0
Held by insiders8.47%
Held by institutions67.06%
Institutions holding212
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
32.07
+0.90% from price
SMA 20
32.48
-0.37% from price
SMA 50
32.99
-1.90% from price
SMA 100
31.52
+2.67% from price
SMA 200
28.01
+15.51% from price
EMA 12
32.28
+0.25% from price
EMA 26
32.49
-0.40% from price
EMA 50
32.37
-0.03% from price
RSI (14)
48.0
Neutral
MACD (12,26,9)
-0.21
Hist 0.01
ATR (14)
0.77
2.38% of price
Realised vol 30D
16.2%
Annualised
Bollinger upper
33.55
20, 2σ
Bollinger lower
31.41
20, 2σ
50 / 200 cross
Golden
32.99 vs 28.01
Trend bias
Above 200
+15.51%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.55
Less volatile than market
Correlation to SPY
0.31
Loosely linked
Realised vol 30D
16.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-10.8%
Peak to trough
Max drawdown 5Y
-63.4%
Peak to trough
ATR 14
0.77
2.38% of price
Beta (reported)
0.71
5Y monthly, from filing
Short interest
Shares short
1.37M
Prior 1.24M
Change vs prior
+10.6%
Shorts adding
% of float
5.76%
Normal
% of shares out
5.51%
Against total outstanding
Days to cover
10.4
Crowded exit
Float
23.00M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 2, 26 | Piper Sandler | UPGRADE | Neutral | Overweight |
| Jul 31, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Jul 31, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Jun 26, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| May 1, 26 | DA Davidson | MAINTAINED | Neutral | Neutral |
| May 1, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| May 1, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Jan 30, 26 | DA Davidson | MAINTAINED | Neutral | Neutral |
| Jan 30, 26 | Raymond James | MAINTAINED | Strong Buy | Strong Buy |
| Jan 30, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Jan 7, 26 | Hovde Group | DOWNGRADE | Outperform | Market Perform |
| Jan 5, 26 | Raymond James | UPGRADE | Outperform | Strong Buy |
Dividends & splits
Forward rate$0.88 / yr
Forward yield2.72%
5-year avg yield3.22%
Payout ratio78.70%
Ex-dividend dateSep 25, 2026
Next pay dateOct 9, 2026
Last split3:1
Split dateSep 15, 2014
SEC filings
Offering Registrations
S-3 · 2026-09-02
Corporate Changes & Voting Matters
8-K · 2026-08-27
Periodic Financial Reports
10-Q · 2026-08-03
Corporate Changes & Voting Matters
8-K · 2026-07-29
Corporate Changes & Voting Matters
8-K · 2026-05-22
Corporate Changes & Voting Matters
8-K · 2026-05-19
Corporate Changes & Voting Matters
8-K · 2026-05-15
Periodic Financial Reports
10-Q · 2026-05-01
Headlines
Alerus Financial Shares Rise After Piper Sandler Upgrade
MT Newswires · 5d ago
Piper Sandler Upgrades Alerus Financial to Overweight From Neutral, Adjusts PT to $38 From $37
MT Newswires · 5d ago
3 US Financial Stocks Turning High Cash Yields Into Fee Growth
Simply Wall St. · 5d ago
Alerus Financial Corporation to Announce Third Quarter Financial Results on Wednesday, October 28
GlobeNewswire · 6d ago
Alerus Financial Corp's Dividend Analysis
GuruFocus.com · 12d ago
Implied Volatility Surging for Alerus Financial Stock Options
Zacks · 15d ago
3 US Stocks To Watch As Higher Treasury Yields Reshape Cash Management
Simply Wall St. · 17d ago
Alerus Keeps Dividend Steady, Approves New Buyback Program
MT Newswires · 40d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.