Alerus (ALRS) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.45 per share a year ago.
Alerus Financial (ALRS) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ALRS's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.
Investors need to pay close attention to Alerus Financial (ALRS) stock based on the movements in the options market lately.
Alerus Financial Corporation (NASDAQ:ALRS ) Q2 2024 Earnings Conference Call July 25, 2024 12:00 PM ET Company Participants Katie Lorenson – President and Chief Executive Officer Al Villalon – Chief Financial Officer Karin Taylor – Chief Risk and Operating Officer Jim Collins – Chief Banking and Revenue Officer Forrest Wilson – Chief Retirement Services Officer, Conference Call Participants Brendan Nosal – Hovde Group David Feaster – Raymond James Nathan Race – Piper Sandler Matt Renck – KBW Operator Good afternoon. Welcome to the Alerus Financial Corporation Earnings Conference Call.
The headline numbers for Alerus (ALRS) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Alerus (ALRS) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.45 per share a year ago.
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Alerus Financial (ALRS) announces an all-stock deal to acquire HMN Financial for $116.4 million. The transaction will be accretive to its earnings next year.