# Alerus Financial Corporation (ALRS) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Banks. Price $33.79, market value $842 million.

## Valuation
- **P/E (trailing): 31.3×** (5-yr avg 21.6×, 3-yr avg 29.9×). Alerus Financial Corporation trades at 31.3× trailing earnings, well above its own five-year average of 21.6×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 12.0×, lower than trailing, so analysts expect earnings to grow.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 10.6%** (5-yr avg 15.8%). Free cash flow equals 10.6% of the market value, below its five-year average of 15.8%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 3.2%**. The inverse of the P/E: 3.2% of the price is earned each year.

## Profitability
- **Return on equity: 3.1%**. 3.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.

## Growth
- **EPS growth (1 yr): -18.1%** (3-yr -31.3%/yr, 5-yr -23.0%/yr). Earnings per share fell 18.1%.
- **Free-cash-flow growth (3 yr): -16.5%/yr**. Free cash flow has compounded at -16.5% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: $67 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 2.61%** ($0.85 per share, trailing). Alerus Financial Corporation yields 2.61%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 119%** (24% of free cash flow). The dividend exceeds earnings (119% payout), though free cash flow still covers it.
- **Consecutive years of increases: 13**. 13 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 6.7%/yr** (1-yr 5.1%). The dividend has grown 6.7% a year over five years.

## Analyst view
- **Analyst consensus: hold** (5 analysts). 5 analysts cover Alerus Financial Corporation; the consensus is hold, with an average price target of $35.40 (+5% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 53.4%** (YTD 52.5%, 3-mo 17.6%). The shares are up 53.4% over twelve months including dividends.
- **From 52-week high: -1.8%** (66.4% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 61**. An RSI of 61 is neutral.
- **Beta (1 yr): 0.59** (volatility 23%). Beta of 0.59 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ALRS · Page: https://foliofundamentals.com/stocks/alrs

Not investment advice.