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Investing.com - DA Davidson raised the price target on Alerus Financial Corp . (NASDAQ:ALRS) to $25.00 from $20.00 on Tuesday, while maintaining a Neutral rating on the stock. According to InvestingPro data, the stock is currently trading at a P/E ratio of 13.6x and has shown strong momentum with a 22.4% gain year-to-date.
The price target increase follows Alerus Financial’s second-quarter earnings report, which featured a positive net interest margin (NIM) surprise that drove earnings per share upside. The company has maintained dividend payments for 41 consecutive years, with a current dividend yield of 3.6%.
DA Davidson noted that while the margin is expected to normalize in future quarters, the overall net interest income picture has improved in their financial model.
The research firm cited the improved net interest income outlook combined with managed expense growth as key factors leading to increased forward earnings per share projections.
DA Davidson expressed optimism about positive credit resolution being underway at Alerus Financial, but indicated that further evidence is needed on this front before considering a rating upgrade from its current Neutral stance.
In other recent news, Alerus Financial Corp reported impressive financial results for the second quarter of 2025. The company achieved adjusted earnings per share of $0.72, surpassing the forecast of $0.55. Revenue also exceeded expectations, reaching $74.79 million against the anticipated $69.98 million. These results highlight Alerus Financial’s strong performance during the quarter. Additionally, Keefe, Bruyette & Woods raised its price target for Alerus Financial to $25.00 from $22.00, maintaining a Market Perform rating. The firm attributed this adjustment to stronger pre-provision net revenue and a lower provision, which contributed to the company’s operating earnings exceeding market expectations. These developments are significant for investors monitoring Alerus Financial’s progress.
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