Northrim BanCorp Inc (NRIM) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Northrim BanCorp Inc (NASDAQ:NRIM) posted its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.04, MarketWatch Earnings reports. Northrim BanCorp had a net margin of 14.15% and a return on equity of 8.33%. The firm had revenue of $23.96 million for the quarter, compared to analyst estimates of $24.70 million.

Northrim BanCorp (NASDAQ NRIM) opened at 27.45 on Friday. The stock has a market cap of $189.68 million, a price-to-earnings ratio of 13.66 and a beta of 0.59. Northrim BanCorp has a 12-month low of $24.35 and a 12-month high of $33.00. The company has a 50-day moving average of $29.18 and a 200 day moving average of $29.82.

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Separately, ValuEngine upgraded shares of Northrim BanCorp from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th.

About Northrim BanCorp

Northrim BanCorp, Inc is a bank holding company. The Company operates in two segments: Community Banking and Home Mortgage Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. The Community Banking segment operates approximately 10 branches throughout Alaska.

Earnings History for Northrim BanCorp (NASDAQ:NRIM)

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