Alerus Financial rises after Raymond James upgrades stock

Alerus Financial

05/01/2026 13:08

** Regional lender Alerus Financial's ALRS.O shares rise 1.3% to $22.73 premarket

** Raymond James upgrades ALRS to "strong buy" from "outperform" following bond portfolio rejig in late December; raises PT to $27 from $25, a 20.3% upside to stock's last close

** Brokerage boosts its 2026 and 2027 EPS estimates for ALRS by 8% after the balance sheet cleanup, which it believes should allow the bank to refocus energy on organic growth opportunities

** "We are incrementally bullish on ALRS shares, as we believe the discounted valuation presents an attractive entry point for a bank that now carries an improved growth profile," Raymond James analyst David Long says

** ALRS stock rose 17% in 2025

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))