Alerus Financial Corp (ALRS) Stock Split History

Alerus Financial Corp has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on April 12, 2004 with the ratio of 2-for-1, meaning that for 1 share of ALRS owned pre-split, shareholders then owned 2 shares. The most recent stock split took place on September 15, 2014 on a 3-for-1 basis.

These actions have increased ALRS stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on Alerus Financial Corp's total market capitalization.

For more detailed information of Alerus Financial Corp's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Alerus Financial Corp has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when ALRS stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Alerus Financial Corp's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.