Loading…
Ken GriffinHeld
Citadel Advisors · Q2 2026
$815.16K
26.21K shares · 0.0% of portfolio
Alerus Financial Corp
Alerus Financial Corp (ALRS) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Grand Forks, United States and has 821 employees. The company is worth $781.23M and trades at 29.0x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $224.38M in fiscal 2025, up 1.1% from the year before. Net income was $17.44M. The share price is 8.9% below its 52-week high of $34.40. It pays a dividend yielding 2.81%, and has raised its annual dividend for 21 years in a row in our records. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $9.23M. In that quarter, 1 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +4.1% over 5Y.
today you would have $1,189.87▲ +19.0%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 9 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $22.52 | $19.24 | $22.39 | $23.35 | $29.28 | $27.37 | $22.85 | $19.25 | $20.45 | |
| P/E | 12.0x | 33.1x | 23.2x | 38.6x | 11.1x | 9.9x | 10.9x | 12.0x | 10.5x | 19.1x |
| P/S | 2.2x | 2.5x | 2.2x | 2.6x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Median P/E of 13.2 among peers in the sector.
Median P/E of 12.0 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| SHBIShore Bancshares Inc | $23.38 | 11.9x | 1.3x | 2.40% | 11.21% | $780.24M |
| SMBCSouthern Missouri Bancorp Inc | $71.77 | 10.9x | 1.3x | 1.42% | 12.65% | $790.42M |
| WRLDWorld Acceptance Corp | $169.66 | 21.0x | 2.1x | 0.00% | 9.90% | $790.66M |
| GCMGGCM Grosvenor Inc. |
| 2.2x |
| 2.2x |
| 2.0x |
| 2.1x |
| 1.5x |
| 1.7x |
| P/B | 1.4x | 1.0x | 1.0x | 1.2x | 1.3x | 1.4x | 1.4x | 1.4x | 1.6x | 1.9x |
| EPS | $0.68 | $0.83 | $0.58 | $2.10 | $2.97 | $2.52 | $1.91 | $1.84 | $1.07 |
| Dividend yield | 2.75% | 3.69% | 4.11% | 3.35% | 3.00% | 2.15% | 2.19% | 2.49% | 2.75% | 2.35% |
| Payout | 33.33% | 122.06% | 95.18% | 129.31% | 33.33% | 21.21% | 23.81% | 29.84% | 28.80% | 44.86% |
| Profit margin | 14.53% | 7.77% | 8.01% | 6.96% | 18.96% | 22.47% | 19.16% | 15.65% | 14.53% | 8.79% |
| ROE | 10.34% | 3.09% | 3.59% | 3.17% | 11.21% | 14.66% | 13.53% | 10.34% | 15.92% | 10.13% |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 6.0% a year against a 7.5% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 3 families.
Room for errors in the reported numbers.
+8.3% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $12.62 |
| 24.3x |
| 30.4x |
| 3.80% |
| 300.39% |
| $771.41M |
| HTBHomeTrust Bancshares, Inc. | $48.12 | 12.1x | 1.3x | 1.25% | 11.02% | $795.6M |
| ABXAbacus Global Management, Inc. | $7.80 | 28.9x | 1.7x | 2.56% | 6.55% | $762.78M |