EVP Wilson Forrest buys 5,000 ALRS shares at $19.93; holdings rise 54.3% to 14,204 shares
Wilson Forrest, EVP & Chief Ret. Svcs. Officer, purchased 5,000 shares of ALERUS FINANCIAL CORP at $19.93 on 2025-05-01, increasing his holdings by 54.3% from 9,204 to 14,204 shares. The purchase price of $19.93 sits at the lower end of the 52-week range ($16.11–$24.36), approximately 5% below the current price of $20.97, and the stock has risen 26.3% over the past 30 days following a 90-day decline of 3.4%. While the absolute dollar commitment of $99,650.00 demonstrates material personal capital deployment, the P/E of 58.25 relative to net income of $5,207,000.00 suggests a richly valued company by historical standards. The transaction merits observation as an open-market purchase by a senior executive, though the overall significance is moderated by the company's elevated valuation multiple and the modest size of the position relative to the company's market cap of $531,859,069.35.