← United States · Coverage record
US · SEC FORM 4
ALERUS FINANCIAL CORP
ALRS · Nasdaq · CIK 0000903419 · Financial Services · Banks—Regional
INSIDER SIGNAL
1 buyers · 2 purchase transaction lines · $61.2K gross purchase
WHY THIS SIGNAL?
Score anatomy
Each bar shows the contribution to the current score; the weights and formula stay unchanged.
What is holding the score back?
- ⚠ Cluster breadth is moderate · 1 insider(s), not 4+
- ⚠ Purchase size is modest relative to the model scale
- ⚠ Buying conviction is reduced by concurrent selling
- ✓ Role scores high · most senior buyer: Director
Purchase-size comments are relative to the model scale. Average daily volume is a separate market-context diagnostic.
US-v1.2 ranks qualifying equity purchases under the current 180-day rules. The score is a research priority, not a return forecast or probability. Backtests have not shown that a higher US score is followed by better returns.
Insider activity timeline
Owner lanes show the latest 180 days. Symbol shape identifies the transaction type; sales remain context only.
Showing the six most active owners; 3 additional owner(s) remain in Form 4 evidence.
Purchase breadth & concentration
Roles in the peak window: Director. Concentration uses priced qualifying P lines only and does not change the saved score.
SIGNAL HISTORY
Latest recorded score
- 43.4
- 43.3
- 43.1
- 43.0
- 42.8
Only scores saved when a full US scoring run completed are shown; gaps are not reconstructed.
Recent Form 4 activity
P is an open-market or private purchase. S is a sale. M, F, A and G usually describe exercises, tax withholding, awards and gifts. These categories remain visually separate.
Market context
Market context provides additional background on recent price performance and risk. It does not affect the Insider Signal.
Price performance
- 1M
- -5.6%
- 3M
- -0.6%
- 6M
- +21.8%
- 12M
- +43.8%
Volatility & liquidity
- Volatility
- 29.0%
- Beta
- —
- Avg daily value
- USD 5.8M
Valuation
- Market cap
- USD 773.7M
- P/E
- 44.4×
Fundamentals
- Profit margin
- —
- ROE
- 3.1%
- Industry
- Banks—Regional
Market data
Price data up to: 2026-10-11 · Price source: OpenBB/yfinance; volume from price cache (yfinance) · From SEC filings: Market cap, P/E, ROE · Fiscal year ended: 2025-12-31 · Market cap is the shares outstanding stated on the filing cover multiplied by the latest close. Share count date: 2026-07-30 · Status: PASS
Short interest
Short interest is external context reported to FINRA by broker-dealers. It does not affect the Insider Signal.
- Shares short
- 1,272,768
- Previous report
- 1,373,991
- Avg daily volume
- 210,390
- Days to cover
- 6.0
FINRA settlement date: 2026-09-30 · Captured 2026-10-12 · FINRA equity short interest ↗. A share count, published about a week after each of two settlement dates a month; not a percentage of shares outstanding.
Historical equity purchases
Qualifying code P transactions in the local Form 4 history, including purchases outside the current signal window.
| Transaction date | Reporting owner | Type | Security | Shares | Avg. price | Approx. value | Source |
|---|---|---|---|---|---|---|---|
| 2026-09-01 | Bolton Jeffrey | Purchase (P) | Common Stock | 1,000 | USD 32.45 | USD 32,450 | SEC filing ↗ |
| 2026-05-27 | Bolton Jeffrey | Purchase (P) | Common Stock | 1,000 | USD 28.72 | USD 28,720 | SEC filing ↗ |
| 2025-07-31 | Villalon Alan | Purchase (P) | Common Stock | 2,350 | USD 21.21 | USD 49,844 | SEC filing ↗ |
| 2025-05-01 | Wilson Forrest | Purchase (P) | Common Stock | 5,000 | USD 19.93 | USD 99,650 | SEC filing ↗ |
| 2024-11-01 | Lorenson Katie A | Purchase (P) | Common Stock | 1,000 | USD 20.30 | USD 20,300 | SEC filing ↗ |
| 2023-05-15 | Villalon Alan | Purchase (P) | Common stock | 1,000 | USD 14.40 | USD 14,400 | SEC filing ↗ |
| 2023-05-12 | Vetter Galen G | Purchase (P) | Common Stock | 1,980 | USD 13.88 | USD 27,475 | SEC filing ↗ |
| 2023-05-12 | Lorenson Katie A | Purchase (P) | Common Stock | 1,438 | USD 13.90 | USD 19,988 | SEC filing ↗ |
| 2023-05-11 | ESTEP JANET O | Purchase (P) | Common Stock | 3,717 | USD 13.41 | USD 49,846 | SEC filing ↗ |
| 2023-03-17 | Lorenson Katie A | Purchase (P) | Common Stock | 905 | USD 16.56 | USD 14,987 | SEC filing ↗ |
| 2023-03-16 | Keney Missy | Purchase (P) | Common Stock | 588 | USD 16.92 | USD 9,949 | SEC filing ↗ |
| 2023-03-15 | Villalon Alan | Purchase (P) | Common stock | 3,000 | USD 16.35 | USD 49,050 | SEC filing ↗ |
| 2023-03-08 | Lorenson Katie A | Purchase (P) | Common Stock | 789 | USD 18.94 | USD 14,944 | SEC filing ↗ |
| 2023-01-31 | Zimmer Mary | Purchase (P) | Common Stock | 1,250 | USD 20.36 | USD 25,452 | SEC filing ↗ |
| 2023-01-30 | Hanson Jerrod | Purchase (P) | Common Stock | 1,150 | USD 20.10 | USD 23,111 | SEC filing ↗ |
Form 4 evidence
36 transaction lines in the latest 365-day window; 186 in local history.
| Date | Owner | Type | Security | Shares | Avg. price | Approx. value | Source |
|---|---|---|---|---|---|---|---|
| 2026-09-14 | Koob Kari | Sale (S) | Common Stock | 597 | USD 33.13 | USD 19,779 | SEC filing ↗ |
| 2026-09-01 | Bolton Jeffrey | Purchase (P) | Common Stock | 1,000 | USD 32.45 | USD 32,450 | SEC filing ↗ |
| 2026-07-03 | Koob Kari | Tax withholding (F) | Common Stock | 102 | USD 31.11 | USD 3,173 | SEC filing ↗ |
Show recent Form 4 evidence (30 grouped rows)
| Date | Owner | Type | Security | Shares | Avg. price | Approx. value | Source |
|---|---|---|---|---|---|---|---|
| 2026-09-14 | Koob Kari | Sale (S) | Common Stock | 597 | USD 33.13 | USD 19,779 | SEC filing ↗ |
| 2026-09-01 | Bolton Jeffrey | Purchase (P) | Common Stock | 1,000 | USD 32.45 | USD 32,450 | SEC filing ↗ |
| 2026-07-03 | Koob Kari | Tax withholding (F) | Common Stock | 102 | USD 31.11 | USD 3,173 | SEC filing ↗ |
| 2026-07-01 | Koob Kari | Tax withholding (F) | Common Stock | 140 | USD 31.10 | USD 4,354 | SEC filing ↗ |
| 2026-05-27 | Bolton Jeffrey | Purchase (P) | Common Stock | 1,000 | USD 28.72 | USD 28,720 | SEC filing ↗ |
| 2026-05-22 | Zimmer Mary | Award / grant (A) | Common Stock | 1,772 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-05-22 | Vetter Galen G | Award / grant (A) | Common Stock | 1,772 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-05-22 | Uribe John | Award / grant (A) | Common Stock | 1,772 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-05-22 | Sorum Nikki | Award / grant (A) | Common Stock | 1,772 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-05-22 | Newman Randy L | Award / grant (A) | Common Stock | 1,772 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-05-22 | ESTEP JANET O | Award / grant (A) | Common Stock | 1,772 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-05-22 | Coughlin Daniel E | Award / grant (A) | Common Stock | 1,772 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-05-22 | Bolton Jeffrey | Award / grant (A) | Common Stock | 1,772 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-02-26 | Villalon Alan | Option exercise / conversion (M) | Common Stock | 3,217 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-02-26 | Taylor Karin M | Option exercise / conversion (M) | Common Stock | 3,574 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-02-26 | Taylor Karin M | Tax withholding (F) | Common Stock | 1,094 | USD 25.45 | USD 27,842 | SEC filing ↗ |
| 2026-02-26 | Lorenson Katie A | Option exercise / conversion (M) | Common Stock | 9,363 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-02-26 | Lorenson Katie A | Tax withholding (F) | Common Stock | 2,866 | USD 25.45 | USD 72,940 | SEC filing ↗ |
| 2026-02-26 | Keney Missy | Option exercise / conversion (M) | Common Stock | 2,349 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-02-26 | Keney Missy | Tax withholding (F) | Common Stock | 608 | USD 25.45 | USD 15,474 | SEC filing ↗ |
| 2026-02-26 | Collins Jim | Option exercise / conversion (M) | Common Stock | 4,239 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-02-26 | Collins Jim | Tax withholding (F) | Common Stock | 1,298 | USD 25.45 | USD 33,034 | SEC filing ↗ |
| 2026-02-23 | Lorenson Katie A | Tax withholding (F) | Common Stock | 1,903 | USD 25.45 | USD 48,431 | SEC filing ↗ |
| 2026-02-23 | Collins Jim | Tax withholding (F) | Common Stock | 772 | USD 25.45 | USD 19,647 | SEC filing ↗ |
| 2026-02-23 | Taylor Karin M | Tax withholding (F) | Common Stock | 774 | USD 25.45 | USD 19,698 | SEC filing ↗ |
| 2026-02-23 | Lorenson Katie A | Tax withholding (F) | Common Stock | 2,025 | USD 25.45 | USD 51,536 | SEC filing ↗ |
| 2026-02-23 | Keney Missy | Tax withholding (F) | Common Stock | 1,215 | USD 25.45 | USD 30,922 | SEC filing ↗ |
| 2026-02-23 | Collins Jim | Tax withholding (F) | Common Stock | 917 | USD 25.45 | USD 23,338 | SEC filing ↗ |
| 2026-02-21 | Villalon Alan | Option exercise / conversion (M) | Common Stock | 1,915 | USD — | USD — | SEC filing ↗ |
| 2026-02-21 | Taylor Karin M | Option exercise / conversion (M) | Common Stock | 2,128 | USD — | USD — | SEC filing ↗ |
Multiple price lines in one filing are grouped and share-weighted. Price and value are blank when a grouped filing line lacks price evidence.
Snapshot & identity
| Snapshot date | 2026-10-18 |
|---|---|
| Ranking version | US-v1.2 |
| Data quality | PASS ELIGIBLE · — |
| Ticker | ALRS |
| CIK | 0000903419 |
| Sector | Financial Services |
| Industry | Banks—Regional Yahoo Finance |
| SEC SIC | 6021 National Commercial Banks |
| Exchange | Nasdaq |
Data coverage
| Local Form 4 history | 186 transaction lines from 2020-02-24 to 2026-09-14 26 P purchase lines · 1 S sale lines · 159 other lines |
|---|---|
| SEC company submissions | Open SEC filings ↗ |
Local ledger as of 2026-10-18. Mapping status is an audit field and does not erase SEC filing evidence.