ALRS
Alerus Financial Corporation Financial Services - Banks - Regional Investor Relations →
Alerus Financial Corporation (ALRS) closed at $25.72 as of 2026-02-02, trading 31.8% above its 200-week moving average of $19.51. The stock moved further from the line this week, up from 26.3% last week. With a 14-week RSI of 74, ALRS is in overbought territory.
Over the past 1146 weeks of data, ALRS has crossed below its 200-week moving average 18 times. On average, these episodes lasted 16 weeks. Historically, investors who bought ALRS at the start of these episodes saw an average one-year return of +15.6%.
With a market cap of $653 million, ALRS is a small-cap stock. Return on equity stands at 3.3%. The stock trades at 1.2x book value.
Share count has increased 47.2% over three years, indicating dilution.
Over the past 22.1 years, a hypothetical investment of $100 in ALRS would have grown to $866, compared to $902 for the S&P 500. ALRS has returned 10.3% annualized vs 10.5% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -51.8% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: ALRS vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After ALRS Crosses Below the Line?
Across 18 historical episodes, buying ALRS when it crossed below its 200-week moving average produced an average return of +16.4% after 12 months (median +9.0%), compared to +22.5% for the S&P 500 over the same periods. 61% of those episodes were profitable after one year. After 24 months, the average return was +28.8% vs +39.2% for the index.
Each line shows $100 invested at the moment ALRS crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
ALRS has crossed below its 200-week MA 18 times with an average 1-year return of +15.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 2008 | Oct 2010 | 106 | 27.6% | -2.0% | +433.9% |
| Dec 2010 | Jan 2011 | 2 | 3.7% | +4.5% | +371.0% |
| Aug 2011 | Nov 2011 | 14 | 9.8% | +22.7% | +404.3% |
| Oct 2016 | Nov 2016 | 5 | 0.7% | +27.4% | +105.9% |
| Dec 2016 | Dec 2016 | 2 | 2.3% | +27.4% | +105.9% |
| Apr 2019 | Jul 2019 | 16 | 2.5% | -14.8% | +68.2% |
| Mar 2020 | Jun 2020 | 13 | 21.0% | +68.2% | +68.9% |
| Jun 2020 | Jul 2020 | 3 | 2.6% | +76.4% | +63.1% |
| Jul 2020 | Aug 2020 | 1 | 0.5% | +47.4% | +59.0% |
| Sep 2020 | Sep 2020 | 1 | 4.4% | +61.5% | +63.5% |
| Jul 2022 | Jul 2022 | 2 | 1.1% | -16.2% | +29.3% |
| Sep 2022 | Nov 2022 | 8 | 5.8% | -16.3% | +27.4% |
| Dec 2022 | Dec 2022 | 2 | 0.7% | -14.4% | +26.0% |
| Jan 2023 | Dec 2023 | 49 | 39.4% | -2.7% | +26.0% |
| Jan 2024 | Jan 2024 | 3 | 5.5% | -6.9% | +29.5% |
| Feb 2024 | Aug 2024 | 26 | 18.4% | -1.3% | +28.0% |
| Sep 2024 | Sep 2024 | 3 | 5.2% | +10.6% | +28.4% |
| Oct 2024 | May 2025 | 27 | 23.1% | +9.2% | +34.3% |
| Average | 16 | — | +15.6% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02