How to Buy Alerus Financial Stock
Alerus Financial Corp
Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial services to businesses and consumers.
Alerus Financial stock last closed at $19.90, down 0.1% from the previous day, and has increased 27.56% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.18 percentage points. Alerus Financial stock is currently +51.79% from its 52-week low of $13.11, and -23.02% from its 52-week high of $25.85.
At the moment, there are 19.74M shares of ALRS outstanding. The market value of ALRS is $392.78M. In the last 24 hours, 41,394 ALRS shares were traded.
How to Buy Alerus Financial Stock
Wondering how to invest in Alerus Financial stock? Here's how.
- Choose where to buy Alerus Financial stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you choose where to buy Alerus Financial stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Select your payment method and add your details.
- Research Alerus Financial stock: The Alerus Financial ticker symbol is ALRS. Is Alerus Financial stock a good investment? Should you buy shares of ALRS? How do ALRS's underlying business fundamentals look? Do top analysts think Alerus Financial is a good buy? Why has ALRS's stock price moved recently? (Hint: Our stock market research tools can help you decide if ALRS is a good stock to buy).
- Make your ALRS purchase: Decide if you will purchase ALRS shares at the current market price or use a limit order to buy ALRS stock at a given price.
- Watch your ALRS investment: Create a watchlist to get live updates on your new investment in Alerus Financial stock.
Step 1: Choose where to buy Alerus Financial stock
You need a brokerage account to access the NASDAQ market and buy ALRS stock.
Our preferred brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. eToro gives you:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
- Access to global markets: From Technology to Financial Services, New York to London — you can fill your portfolio with stocks from the world's top stock exchanges.
- Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the right brokerage, you need to fill out some personal info so you are able to buy ALRS stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start a new brokerage account.
- Submit your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have opened your account on one of the best stock trading apps, you can securely and quickly fund your account:
Check out the walkthrough below to see the process of transferring money into your new investment account.
Step 4: Research Alerus Financial stock
After you have decided on the best place to buy Alerus Financial stock, it's important to evaluate their stock prior to buying, so you actually understand the risk as well as the upside.
Overview of key ALRS info
ALRS Zen Score
WallStreetZen was built to help part-time investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on ALRS's stock page.
What is the fair value of ALRS stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge ALRS's fair value.
Using relative valuations ratios:
- ALRS may be undervalued based on its P/E ratio of 33.73x, relative to Banks - Regional industry P/E ratio of -10.84x
- ALRS may be overvalued based on its P/B ratio of 1.06x, relative to Banks - Regional industry P/B ratio of 0.95x
You can access more valuation analysis on ALRS's stock here.
ALRS Financial Health Overview
Passed Health Checks:
- Total ALRS debt is lower than 5 years ago, relative to shareholder equity.
- ALRS earnings of $15.85M is not enough to cover its interest payments.
Failed Health Checks:
- ALRS's operating cash flow of $28.98M allows it to safely service it's debt of $378.88M.
- ALRS has a relatively high debt to equity ratio of 9.59.
- ALRS profit margin has gone down from 19% to 7% in the past year.
Is it a good time to buy ALRS stock, according to Wall Street analysts?
Out of 1 Equities analysts who research ALRS, the consensus analyst rating on Alerus Financial is a Hold
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Alerus Financial stock forecast page.
ALRS Momentum
Is ALRS Growing Revenue?
Last year, ALRS earnings were $11.70M. In the past five year, ALRS's earnings have grown by -20.69% per year. This was slower than the Banks - Regional industry average of 16.37%.
Last year, ALRS revenue was $166.01M. Over the past five year, ALRS's revenue has grown by -0.4% per year. This was slower than the Banks - Regional industry average of 7.32%.
Dive into ALRS's earnings and revenue performance here.
Are ALRS executives and large shareholders buying or selling the stock?
Over the past 12 months, insiders at ALRS have bought more shares than they have sold.
Jon Hendry, Chief Technology Officer EVP of ALRS, was the latest ALRS insider to sell. They sold $15,812.16 worth of ALRS shares on Feb 27, 2024.
Learn more about who owns ALRS shares here.
Does ALRS provide a stable income stream?
Alerus Financial pays a dividend of 3.82%, compared to the Banks - Regional industry's average dividend yield of 3.99%. If you owned $1,000 worth of ALRS stock, you would have received $38.19 last year.
Alerus Financial dividend payments have consistently grown over the past 5 years and have remained stable.
Get more data about Alerus Financial dividend yield and history here.
Get analysis from other investors
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your ALRS purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, use a limit order.
Press the Open Trade button and your broker will execute the order.
If you require additional help buying stocks on eToro, click the helpful video below:
Step 6: Watch your ALRS investment
Now that you own some ALRS stock, you'll want to stay up-to-date on your shares.
Add ALRS to a watchlist to get alerted to the latest events about your ALRS stock.
ALRS Feed
How to Buy Stock in Alerus Financial
To reiterate, here are the 6 steps you need to take to buy Alerus Financial stock right now:
- Choose where to buy Alerus Financial stock
- Open your brokerage account
- Deposit money your investment account
- Research Alerus Financial stock
- Make your ALRS purchase
- Watch your ALRS investment
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep track of your investment in Alerus Financial, get started below.
More "How To" Guides You May Find Useful
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.