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Alerus Financial ( (ALRS) ) just unveiled an announcement.
On March 30, 2021, Alerus Financial Corporation issued a $50 million subordinated note due 2031 to the Bank of North Dakota at par, using the proceeds for general corporate purposes, including bolstering regulatory capital ratios and investing in its banking subsidiary. The note carried customary representations and covenants and formed part of the company’s broader capital management strategy.
On March 30, 2026, Alerus and the Bank of North Dakota executed a modification agreement extending the note’s maturity to March 30, 2036 and revising certain economic terms. The amended instrument now pays a fixed 6.75% interest rate until March 30, 2031, after which the rate resets to the Federal Home Loan Bank of Des Moines five‑year advance rate plus 3.00%, while maintaining other key terms, potentially enhancing Alerus’s capital flexibility and long‑term funding profile.
The most recent analyst rating on (ALRS) stock is a Hold with a $25.00 price target. To see the full list of analyst forecasts on Alerus Financial stock, see the ALRS Stock Forecast page.
Spark’s Take on ALRS Stock
According to Spark, TipRanks’ AI Analyst, ALRS is a Neutral.
ALRS scores as moderately attractive overall, led by a constructive earnings outlook (mid-single-digit growth targets, positive operating leverage, and ROA >1.2% guidance) and improved balance sheet/cash flow trends. The score is held back by weaker recent fundamental trajectory (notable 2025 revenue decline and compressed margins/ROE) and mostly neutral technical momentum, while the dividend supports valuation but the negative P/E adds uncertainty.
To see Spark’s full report on ALRS stock, click here.
More about Alerus Financial
Alerus Financial Corporation operates as a diversified financial services company, primarily engaged in banking and wealth management through its subsidiary, Alerus Financial, National Association. The company focuses on providing deposit, lending, and fiduciary services to individuals and businesses, supporting its growth and regulatory capital needs through targeted funding arrangements.
Average Trading Volume: 139,154
Technical Sentiment Signal: Strong Buy
Current Market Cap: $607.3M
For an in-depth examination of ALRS stock, go to TipRanks’ Overview page.