ALERUS FINANCIAL CORP
ALRS · National Commercial Banks · 25.1M shares · +7%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $5M (gross $7M, SBC $2M)
Reference price $28.71 · est. market cap ~$722M — last insider purchase, 2026-05-27 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C56Alerus Financial — bank/wealth firm with weak current returns.
Strengths
- Diversified wealth/retirement fee income
Risks
- ROE 3.1% (9th), ROA (7th) weak
- Integration overhang; rate sensitivity
Notable findings
- Material weakness● any material weaknesses in the Company’s internal control over financial reporting; ● the commencement, cost and outcome of litigation and other legal proceedings and regulatory actions and in
Key metrics
Return on equity
3.1%
Return on assets
0.3%
Net-income growth
-1.9%
Debt / equity
0.1×
Free cash flow
$59M
Tangible book value
$446M
Cash & investments
$67M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-27 | Bolton Jeffrey | Buy | 1.0K | $28.71 |
| 2026-05-22 | Coughlin Daniel E | Grant | 1.8K | — |
| 2026-05-22 | Bolton Jeffrey | Grant | 1.8K | — |
| 2026-05-22 | Vetter Galen G | Grant | 1.8K | — |
| 2026-05-22 | ESTEP JANET O | Grant | 1.8K | — |
| 2026-05-22 | Uribe John | Grant | 1.8K | — |
| 2026-05-22 | Zimmer Mary | Grant | 1.8K | — |
| 2026-05-22 | Newman Randy L | Grant | 1.8K | — |
| 2026-05-22 | Sorum Nikki | Grant | 1.8K | — |
| 2026-02-26 | Collins Jim | Option exercise | 4.2K | — |
| 2026-02-26 | Lorenson Katie A | Option exercise | 9.4K | — |
| 2026-02-26 | Lorenson Katie A | Tax withheld | 2.9K | $25.45 |
| 2026-02-26 | Taylor Karin M | Option exercise | 3.6K | — |
| 2026-02-26 | Taylor Karin M | Tax withheld | 1.1K | $25.45 |
| 2026-02-26 | Villalon Alan | Option exercise | 3.2K | — |
| 2026-02-26 | Keney Missy | Option exercise | 2.3K | — |
| 2026-02-26 | Keney Missy | Tax withheld | 608 | $25.45 |
| 2026-02-26 | Collins Jim | Tax withheld | 1.3K | $25.45 |
| 2026-02-23 | Lorenson Katie A | Tax withheld | 2.0K | $25.45 |
| 2026-02-23 | Collins Jim | Tax withheld | 772 | $25.45 |
| 2026-02-23 | Lorenson Katie A | Tax withheld | 1.9K | $25.45 |
| 2026-02-23 | Collins Jim | Tax withheld | 917 | $25.45 |
| 2026-02-23 | Taylor Karin M | Tax withheld | 774 | $25.45 |
| 2026-02-23 | Keney Missy | Tax withheld | 436 | $25.45 |
| 2026-02-23 | Keney Missy | Tax withheld | 779 | $25.45 |
| 2026-02-21 | Taylor Karin M | Option exercise | 2.1K | — |
| 2026-02-21 | Keney Missy | Option exercise | 1.4K | — |
| 2026-02-21 | Lorenson Katie A | Option exercise | 5.6K | — |
| 2026-02-21 | Villalon Alan | Option exercise | 1.9K | — |
| 2026-02-21 | Collins Jim | Option exercise | 2.5K | — |
| 2025-12-31 | Collins Jim | Tax withheld | 1.9K | $22.32 |
| 2025-12-31 | Collins Jim | Tax withheld | 1.6K | $22.32 |
| 2025-07-31 | Villalon Alan | Buy | 2.4K | $21.21 |
| 2025-07-03 | Koob Kari | Tax withheld | 100 | $22.43 |
| 2025-05-22 | Coughlin Daniel E | Grant | 2.4K | — |
| 2025-05-22 | Vetter Galen G | Grant | 2.4K | — |
| 2025-05-22 | ESTEP JANET O | Grant | 2.4K | — |
| 2025-05-22 | Bolton Jeffrey | Grant | 2.4K | — |
| 2025-05-22 | Uribe John | Grant | 2.4K | — |
| 2025-05-22 | Zimmer Mary | Grant | 2.4K | — |
| 2025-05-22 | Sorum Nikki | Grant | 2.4K | — |
| 2025-05-22 | Newman Randy L | Grant | 2.4K | — |
| 2025-05-01 | Wilson Forrest | Buy | 5.0K | $19.93 |
| 2025-02-03 | Taylor Karin M | Option exercise | 1.3K | — |
| 2025-02-03 | Taylor Karin M | Option exercise | 74 | — |
| 2025-02-03 | Taylor Karin M | Tax withheld | 504 | $21.14 |
| 2025-02-03 | Villalon Alan | Option exercise | 1.3K | — |
| 2025-02-03 | Villalon Alan | Tax withheld | 477 | $21.14 |
| 2025-02-03 | Collins Jim | Option exercise | 1.5K | — |
| 2025-02-03 | Lorenson Katie A | Option exercise | 3.9K | — |
| 2025-02-03 | Keney Missy | Option exercise | 246 | — |
| 2025-02-03 | Keney Missy | Option exercise | 361 | — |
| 2025-01-28 | Villalon Alan | Tax withheld | 1.9K | $20.22 |
| 2025-01-02 | Hendry Jon | Option exercise | 1.0K | — |
| 2025-01-02 | Hendry Jon | Option exercise | 63 | — |
| 2025-01-02 | Hendry Jon | Option exercise | 1.9K | — |
| 2025-01-02 | Hendry Jon | Option exercise | 1.7K | — |
| 2025-01-02 | Hendry Jon | Tax withheld | 1.5K | $19.14 |
| 2024-12-31 | Collins Jim | Tax withheld | 1.9K | $19.03 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-22 | OtherExhibits | filing ↗ |
| 2026-05-19 | OtherExhibits | filing ↗ |
| 2026-05-15 | Shareholder voteExhibits | filing ↗ |
| 2026-04-29 | ResultsReg FDExhibits | filing ↗ |
| 2026-03-31 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-02-26 | OtherExhibits | filing ↗ |
| 2026-01-28 | ResultsReg FDExhibits | filing ↗ |
| 2025-12-29 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-22 | 2026-05-22 | 0001437749-26-018262 ↗ |
| 8-K | 2026-05-19 | 2026-05-19 | 0001437749-26-017761 ↗ |
| 8-K | 2026-05-15 | 2026-05-14 | 0001437749-26-017369 ↗ |
| 10-Q | 2026-05-01 | 2026-03-31 | 0001437749-26-014481 ↗ |
| 8-K | 2026-04-29 | 2026-04-29 | 0001437749-26-013893 ↗ |
| 8-K | 2026-03-31 | 2026-03-30 | 0001437749-26-010637 ↗ |
| 10-K | 2026-03-04 | 2025-12-31 | 0001437749-26-006820 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001437749-26-005878 ↗ |
| 8-K | 2026-01-28 | 2026-01-28 | 0001437749-26-002314 ↗ |
| 8-K | 2025-12-29 | 2025-12-29 | 0001437749-25-038838 ↗ |
| 8-K | 2025-12-05 | 2025-12-05 | 0001437749-25-037036 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0001437749-25-033350 ↗ |