Alerus Financial Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqCM:ALRS Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
01 Nov 24	BuyUS$20,300	Katie Lorenson	Individual		1,000	US$20.30

Insider Trading Volume

Insider Buying: ALRS insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of ALRS?
Owner Type	Number of Shares	Ownership Percentage
Employee Share Scheme	911,867	3.6%
Individual Insiders	1,249,292	4.93%
Institutions	10,031,669	39.6%
General Public	13,145,452	51.9%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 28.1%.

Top Shareholders

Top 25 shareholders own 41.5% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
8.39%	Alerus Financial Corp., Asset Management Arm	2,124,723	US$41.9m	-0.45%	3.02%
6.66%	BlackRock, Inc.	1,687,118	US$33.2m	0.5%	no data
3.74%	The Vanguard Group, Inc.	948,713	US$18.7m	2.22%	no data
3.6%	Alerus Financial Corp., Employee Stock Ownership Plan	911,867	US$18.0m	0%	no data
3.17%	Randy Newman	804,230	US$15.8m	0%	no data
2.15%	1st & Main Growth Partners	543,586	US$10.7m	0%	1.1%
1.64%	Geode Capital Management, LLC	416,072	US$8.2m	3.99%	no data
1.44%	Columbia Management Investment Advisers, LLC	365,215	US$7.2m	2.26%	no data
1.39%	State Street Global Advisors, Inc.	351,775	US$6.9m	1.04%	no data
1.2%	Dimensional Fund Advisors LP	302,942	US$6.0m	10.3%	no data
1.17%	Endeavour Capital Advisors Inc.	297,351	US$5.9m	2.93%	2.02%
1.03%	Stieven Capital Advisors, L.P.	260,748	US$5.1m	0%	0.91%
0.67%	Northern Trust Global Investments	170,470	US$3.4m	-0.82%	no data
0.63%	Cutler Capital Management, LLC	158,972	US$3.1m	0%	1.38%
0.59%	Charles Schwab Investment Management, Inc.	149,280	US$2.9m	3.6%	no data
0.59%	Bridgeway Capital Management, LLC	148,874	US$2.9m	-12.2%	0.05%
0.59%	American Century Investment Management Inc	148,699	US$2.9m	-9.82%	no data
0.43%	BNY Asset Management	109,582	US$2.2m	-11.3%	no data
0.41%	Kevin Lemke	103,570	US$2.0m	0%	no data
0.41%	Zacks Investment Management, Inc.	102,713	US$2.0m	7.2%	0.02%
0.39%	Mairs and Power, Inc.	97,729	US$1.9m	-0.24%	0.02%
0.35%	Keeley-Teton Advisors, LLC	89,821	US$1.8m	0%	0.2%
0.32%	Sippican Capital Advisors LLC	80,525	US$1.6m	4.77%	1.14%
0.3%	Jonathan Hendry	77,131	US$1.5m	0%	no data
0.25%	Los Angeles Capital Management LLC	62,764	US$1.2m	-10.3%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 23:56
End of Day Share Price	2024/12/26 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Alerus Financial Corporation is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jeffrey Rulis	D.A. Davidson & Co.
null null	D.A. Davidson & Co.
Brendan Nosal	Hovde Group, LLC