Alerus Financial Corp

ALRS is in Stage 2 Advancing with strong medium-term bullish permission granted by active continuation patterns, but price is currently extended above rising EMAs and in extreme overbought territory. Execution should be deferred; stalk for a pullback into the rising 9/20 EMA support zone before considering new positions.

• ↑Q2 2026 EPS $0.81 beat estimates; ROAA 1.6% shows strong profitability.
• ↑$6.8M share repurchases and 4.8% dividend increase to $0.22 (2.6% yield).
• ↓Commercial banking pipelines slowing, indicating weak growth momentum.