ALRS

Alerus Financial Corporation

Financial Services · $798M market cap

Verdict

Share price

$32.67

close of Oct 3, 2026

Fair value

$16.75

Sticker Price

Payback Price

$6.70

buy price

Overpriced

ALRS is Overpriced: at $32.67 it trades 95% above its fair value of $16.75. Its buy price (Payback Price) is $6.70, 79% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth8.4% a year✗
Equity per share growth7.9% a year✗
Sales growth8.7% a year✗
Free cash flow growth3.1% a year✗
Return on invested capital2.9%✗

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Superinvestors

1 of the investors we track holds ALRS. In Q2 2026, 1 added. Who we track

Moves in Q2 2026

Added: Mairs & Power Funds

Insider activity

Since Feb 26, 2026: 1 open-market purchase worth $32K and 3 other filings (stock awards, tax withholding and similar). Why purchases matter

Purchases

Other filings

About Alerus Financial Corporation

Alerus Financial Corporation, operating primarily through its subsidiary Alerus Financial, National Association, delivers a broad spectrum of financial services to both commercial clients and individual consumers. The company organizes its operations across four distinct segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. Within its Banking segment, Alerus provides a comprehensive…

Banks - Regional

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works