ALRSNasdaqNational Commercial BanksFiscal year ends December 31
ALERUS FINANCIAL CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 3, 2026
$31.16−0.18 (-0.57%)
Close on Oct 19, 2026
- Market cap
- $791.31M
- P/E (TTM)
- 28.9
- Dividend yield
- 2.66%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
65.3%
16M of 25M shares
Institutional holders
161
27 new, 12 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
2 buys · 1 sales
Net bought $41.39K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 1,843,231 | 7.30% | 13G (passive) amendment | Dec 31, 2024 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of ALRS | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Alerus Financial NA | 2,116,173 | 8.50% | $65.81M | −125,568 | 2.88% |
| BlackRock, Inc. | 1,822,242 | 7.32% | $56.67M | +61,491 | 0.00% |
| Vanguard Capital Management LLC | 945,852 | 3.80% | $29.42M | −15,924 | 0.00% |
| Dimensional Fund Advisors LP | 943,445 | 3.79% | $29.34M | +56,630 | 0.01% |
| Geode Capital Management, LLC | 655,184 | 2.63% | $20.38M | +37,508 | 0.00% |
| State Street Corp | 561,249 | 2.25% | $17.57M | +68,087 | 0.00% |
| Goldman Sachs Group Inc | 525,321 | 2.11% | $16.34M | +158,794 | 0.00% |
| M3F, Inc. | 417,108 | 1.67% | $12.97K | – | 3.07% |
| Stieven Capital Advisors, L.P. | 382,034 | 1.53% | $11.88M | +43,110 | 2.27% |
| Phocas Financial Corp. | 354,155 | 1.42% | $11.01M | +93,259 | 1.53% |
| Banc Funds Co LLC | 349,165 | 1.40% | $10.86M | – | 1.79% |
| Endeavour Capital Advisors Inc | 339,518 | 1.36% | $10.56M | −222,711 | 2.17% |
| Ameriprise Financial Inc | 310,910 | 1.25% | $9.67M | −73,030 | 0.00% |
| Aqr Capital Management LLC | 296,688 | 1.19% | $9.23M | +27,523 | 0.00% |
| Choreo, LLC | 293,265 | 1.18% | $9.12M | −416 | 0.10% |
| American Century Companies Inc | 277,688 | 1.12% | $8.64M | −32,435 | 0.00% |
| Alliancebernstein L.P. | 248,961 | 1.00% | $5.90M | +6,280 | 0.00% |
| CSM Advisors, LLC | 239,320 | 0.96% | $7.45K | +38,385 | 0.16% |
| Morgan Stanley | 237,432 | 0.95% | $7.38M | −35,557 | 0.00% |
| Gendell Jeffrey L | 233,700 | 0.94% | $7.27M | – | 0.06% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 161 | 16M | 65.3% | 27 / 64 | 39 / 12 | 2M | 1M |
| Q1 2026 | 149 | 16M | 63.6% | 18 / 51 | 48 / 10 | 3M | 1M |
| Q4 2025 | 142 | 15M | 62.0% | 16 / 69 | 32 / 8 | 1M | 1M |
| Q3 2025 | 136 | 15M | 59.7% | 19 / 60 | 34 / 9 | 2M | 1M |
| Q2 2025 | 126 | 14M | 56.1% | 25 / 47 | 37 / 10 | 2M | 1M |
| Q1 2025 | 113 | 14M | 55.1% | 17 / 40 | 34 / 14 | 1M | 1M |
| Q4 2024 | 111 | 13M | 53.4% | 25 / 52 | 18 / 15 | 4M | 1M |
| Q3 2024 | 102 | 10M | 40.0% | 15 / 34 | 25 / 5 | 2M | 0M |
| Q2 2024 | 93 | 10M | 38.3% | 18 / 37 | 21 / 13 | 1M | 1M |
| Q1 2024 | 88 | 10M | 38.5% | 12 / 25 | 28 / 3 | 1M | 0M |
| Q4 2023 | 79 | 9M | 37.0% | 10 / 29 | 22 / 2 | 1M | 0M |
| Q3 2023 | 71 | 9M | 35.1% | 6 / 24 | 20 / 3 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of ALRS | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 634,111 | 2.55% | $19.72M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 624,130 | 2.51% | $19.41M | 0.02% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 289,734 | 1.16% | $9.01M | 0.01% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 263,092 | 1.06% | $8.75M | 0.03% | Jul 31, 2026 |
| iShares Russell 2000 Value ETF | 234,703 | 0.94% | $7.30M | 0.05% | Jun 30, 2026 |
| Columbia Small Cap Value Discovery Fund | 217,446 | 0.87% | $7.23M | 0.29% | Jul 31, 2026 |
| Mairs & Power Small Cap Fund | 203,417 | 0.82% | $6.33M | 2.35% | Jun 30, 2026 |
| Avantis U.S. Small Cap Value ETF | 202,949 | 0.81% | $5.80M | 0.02% | May 31, 2026 |
| U.S. Small Cap Value Portfolio | 201,238 | 0.81% | $6.70M | 0.03% | Jul 31, 2026 |
| Goldman Sachs Small Cap Value Insights Fund | 140,247 | 0.56% | $4.67M | 0.35% | Jul 31, 2026 |
| Federated Hermes MDT Small Cap Core Fund | 135,047 | 0.54% | $4.49M | 0.20% | Jul 31, 2026 |
| Keeley Gabelli Small Cap Dividend Fund | 134,737 | 0.54% | $4.19M | 1.48% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 133,068 | 0.53% | $3.80M | 0.01% | May 31, 2026 |
| Schwab U.S. Small-Cap ETF | 121,609 | 0.49% | $3.48M | 0.02% | May 31, 2026 |
| Vanguard Russell 2000 Index Fund | 120,851 | 0.49% | $3.45M | 0.02% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Katie A. Lorenson | Chief Executive Officer, Director | 58,674 | 0.24% | Mar 2, 2026 |
| Kari Koob | SVP, Controller | 1,004 | 0.00% | Sep 15, 2026 |
| Forrest Wilson | EVP & Chief Ret. Svcs. Officer | 14,204 | 0.06% | Mar 2, 2026 |
| Karin M. Taylor | EVP and COO | 31,897 | 0.13% | Mar 2, 2026 |
| Alan Villalon | EVP & Chief Financial Officer | 16,494 | 0.07% | Mar 2, 2026 |
| Jim Collins | EVP, CBO & CRO | 13,892 | 0.06% | Mar 2, 2026 |
| Missy Keney | Chief Engagement Officer | 19,072 | 0.08% | Mar 2, 2026 |
| Jon Hendry | Chief Technology Officer & EVP | 78,647 | 0.32% | Jan 6, 2025 |
| Jeffrey Bolton | Director | 15,163 | 0.06% | Sep 2, 2026 |
| Nikki Sorum | Director | 7,352 | 0.03% | May 27, 2026 |
| John Uribe | Director | 7,352 | 0.03% | May 27, 2026 |
| Mary Zimmer | Director | 12,374 | 0.05% | May 27, 2026 |
| Galen G. Vetter | Director | 54,016 | 0.22% | May 27, 2026 |
| Daniel E. Coughlin | Director | 49,083 | 0.20% | May 27, 2026 |
| Janet O. Estep | Director | 14,841 | 0.06% | May 27, 2026 |
| Randy L. Newman | Director | 651,651 | 2.62% | May 27, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Kari Koob SVP, Controller | Sep 14, 2026 | Sale | −597 | $33.13 | $19.78K | 503 |
| Jeffrey Bolton Director | Sep 1, 2026 | Buy | +1,000 | $32.45 | $32.45K | 15,163 |
| Kari Koob SVP, Controller | Jul 3, 2026 | Tax withholding | −102 | $31.11 | $3.17K | 1,100 |
| Kari Koob SVP, Controller | Jul 1, 2026 | Tax withholding | −140 | $31.10 | $4.35K | 1,202 |
| Jeffrey Bolton Director | May 27, 2026 | Buy | +1,000 | $28.72 | $28.72K | 14,163 |
| Janet O. Estep Director | May 22, 2026 | Award | +1,772 | – | – | 14,841 |
| Mary Zimmer Director | May 22, 2026 | Award | +1,772 | – | – | 12,374 |
| Daniel E. Coughlin Director | May 22, 2026 | Award | +1,772 | – | – | 49,083 |
| Nikki Sorum Director | May 22, 2026 | Award | +1,772 | – | – | 7,352 |
| Jeffrey Bolton Director | May 22, 2026 | Award | +1,772 | – | – | 13,163 |
| Galen G. Vetter Director | May 22, 2026 | Award | +1,772 | – | – | 27,311 |
| John Uribe Director | May 22, 2026 | Award | +1,772 | – | – | 7,352 |
| Randy L. Newman Director | May 22, 2026 | Award | +1,772 | – | – | 309,886 |
| Missy Keney Chief Engagement Officer | Feb 26, 2026 | Tax withholding | −608 | $25.45 | $15.47K | 10,206 |
| Missy Keney Chief Engagement Officer | Feb 26, 2026 | Option exercise | +2,349 | – | – | 10,814 |
| Jim Collins EVP, CBO & CRO | Feb 26, 2026 | Tax withholding | −1,298 | $25.45 | $33.03K | 16,108 |
| Jim Collins EVP, CBO & CRO | Feb 26, 2026 | Option exercise | +4,239 | – | – | 17,406 |
| Karin M. Taylor EVP and COO | Feb 26, 2026 | Option exercise | +3,574 | – | – | 29,684 |
| Karin M. Taylor EVP and COO | Feb 26, 2026 | Tax withholding | −1,094 | $25.45 | $27.84K | 28,590 |
| Alan Villalon EVP & Chief Financial Officer | Feb 26, 2026 | Option exercise | +3,217 | – | – | 15,719 |
| Katie A. Lorenson Chief Executive Officer, Director | Feb 26, 2026 | Tax withholding | −2,866 | $25.45 | $72.94K | 58,531 |
| Katie A. Lorenson Chief Executive Officer, Director | Feb 26, 2026 | Option exercise | +9,363 | – | – | 61,397 |
| Jim Collins EVP, CBO & CRO | Feb 23, 2026 | Tax withholding | −772 | $25.45 | $19.65K | 13,167 |
| Katie A. Lorenson Chief Executive Officer, Director | Feb 23, 2026 | Tax withholding | −1,903 | $25.45 | $48.43K | 52,034 |
| Katie A. Lorenson President & CEO, Director | Feb 23, 2026 | Tax withholding | +2,025 | $25.45 | $51.54K | 51,912 |
| Jim Collins EVP, CBO & CRO | Feb 23, 2026 | Tax withholding | −917 | $25.45 | $23.34K | 13,022 |
| Karin M. Taylor EVP and COO | Feb 23, 2026 | Tax withholding | −774 | $25.45 | $19.70K | 26,110 |
| Missy Keney Chief Engagement Officer | Feb 23, 2026 | Tax withholding | −779 | $25.45 | $19.83K | 3,566 |
| Missy Keney Chief Engagement Officer | Feb 23, 2026 | Tax withholding | −436 | $25.45 | $11.10K | 8,465 |
| Alan Villalon EVP & Chief Financial Officer | Feb 21, 2026 | Option exercise | +1,915 | – | – | 12,502 |
| Katie A. Lorenson President & CEO, Director | Feb 21, 2026 | Option exercise | +5,572 | – | – | 53,937 |
| Jim Collins EVP, CBO & CRO | Feb 21, 2026 | Option exercise | +2,523 | – | – | 13,939 |
| Karin M. Taylor EVP and COO | Feb 21, 2026 | Option exercise | +2,128 | – | – | 26,885 |
| Missy Keney Chief Engagement Officer | Feb 21, 2026 | Option exercise | +1,398 | – | – | 8,901 |
| Jim Collins EVP, CBO & CRO | Dec 31, 2025 | Tax withholding | −1,878 | $22.32 | $41.92K | 11,416 |
| Jim Collins EVP, CBO & CRO | Dec 31, 2025 | Tax withholding | −1,582 | $22.32 | $35.31K | 11,712 |
| Alan Villalon EVP & Chief Financial Officer | Jul 31, 2025 | Buy | +2,350 | $21.21 | $49.84K | 10,587 |
| Kari Koob Director of Accounting | Jul 3, 2025 | Tax withholding | −100 | $22.43 | $2.24K | 1,342 |
| Galen G. Vetter Director | May 22, 2025 | Award | +2,354 | – | – | 50,926 |
| Daniel E. Coughlin Director | May 22, 2025 | Award | +2,354 | – | – | 47,311 |
| Janet O. Estep Director | May 22, 2025 | Award | +2,354 | – | – | 13,069 |
| John Uribe Director | May 22, 2025 | Award | +2,354 | – | – | 5,580 |
| Jeffrey Bolton Director | May 22, 2025 | Award | +2,354 | – | – | 11,391 |
| Randy L. Newman Director | May 22, 2025 | Award | +2,354 | – | – | 308,114 |
| Nikki Sorum Director | May 22, 2025 | Award | +2,354 | – | – | 5,580 |
| Mary Zimmer Director | May 22, 2025 | Award | +2,354 | – | – | 10,602 |
| Forrest Wilson EVP & Chief Ret. Svcs. Officer | May 1, 2025 | Buy | +5,000 | $19.93 | $99.65K | 14,204 |
| Missy Keney Chief Engagement Officer | Feb 3, 2025 | Option exercise | +246 | – | – | 7,142 |
| Missy Keney Chief Engagement Officer | Feb 3, 2025 | Option exercise | +361 | – | – | 7,503 |
| Alan Villalon Chief Financial Officer | Feb 3, 2025 | Tax withholding | −477 | $21.14 | $10.08K | 8,237 |
| Alan Villalon Chief Financial Officer | Feb 3, 2025 | Option exercise | +1,326 | – | – | 8,714 |
| Jim Collins EVP, CBO & CRO | Feb 3, 2025 | Option exercise | +1,502 | – | – | 13,294 |
| Karin M. Taylor EVP and COO | Feb 3, 2025 | Option exercise | +1,326 | – | – | 25,186 |
| Karin M. Taylor EVP and COO | Feb 3, 2025 | Option exercise | +74 | – | – | 25,260 |
| Karin M. Taylor EVP and COO | Feb 3, 2025 | Tax withholding | −504 | $21.14 | $10.65K | 24,756 |
| Katie A. Lorenson Chief Executive Officer, Director | Feb 3, 2025 | Option exercise | +3,858 | – | – | 48,365 |
| Alan Villalon Chief Financial Officer | Jan 28, 2025 | Tax withholding | −1,899 | $20.22 | $38.40K | 7,388 |
| Jon Hendry Chief Technology Officer & EVP | Jan 2, 2025 | Option exercise | +1,035 | – | – | 53,695 |
| Jon Hendry Chief Technology Officer & EVP | Jan 2, 2025 | Option exercise | +63 | – | – | 53,758 |
| Jon Hendry Chief Technology Officer & EVP | Jan 2, 2025 | Option exercise | +1,891 | – | – | 57,321 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Kari Koob Officer | Sep 14, 2026 | 597 | $19.96K | Sep 14, 2026 | Stock Award |