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In a recent transaction reported to the Securities and Exchange Commission, Wilson Forrest, Executive Vice President and Chief Retirement Services Officer at Alerus Financial Corp (NASDAQ:ALRS), purchased 5,000 shares of the company’s common stock. The shares were acquired on May 1, 2025, at an average price of $19.93 per share, amounting to a total transaction value of $99,650. The stock, which has shown strong momentum with a 16% gain in the past week, currently trades at $21.24, already showing appreciation from Forrest’s purchase price. InvestingPro analysis indicates the stock is currently undervalued, with analysts recently revising earnings estimates upward.
The purchase price ranged from $19.68 to $20.14 per share, according to the filing. Following this acquisition, Forrest’s direct ownership in Alerus Financial Corp increased to 14,204 shares, which includes 9,204 shares of restricted stock. This transaction underscores Forrest’s continued investment in the $531 million market cap company, which trades at a P/E ratio of 19x and offers a 3.9% dividend yield. For deeper insights into insider trading patterns and comprehensive analysis, including 10 additional ProTips, check out the full research report on InvestingPro.
In other recent news, Alerus Financial Corporation reported impressive financial results for the first quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.56, significantly above the forecasted $0.43. Revenue also exceeded projections, reaching $68.7 million compared to the anticipated $66 million. This strong performance highlights Alerus Financial’s effective strategic initiatives and operational efficiencies, contributing to an increase in net interest income by 7.5% quarter-over-quarter.
Additionally, Alerus Financial’s net interest margin improved by 21 basis points, reaching 3.41%, further demonstrating the company’s robust financial health. The company’s strategic focus on mid-market and business banking clients, along with its strengthened commercial banking presence, contributed to these positive results. Analysts from firms such as Hovde Group and Piper Sandler noted the company’s strong growth prospects, with expectations for continued mid-single-digit loan growth and low single-digit deposit growth in 2025.
Alerus Financial remains optimistic about its future, aiming to maintain a net interest margin between 3.2% and 3.3% and focusing on organic growth and potential acquisitions in retirement services. Despite economic uncertainties, the company is committed to prudent risk management and capital allocation strategies, ensuring its continued success and stability.
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