Analysts Expect Northrim BanCorp, Inc. (NRIM) to Post $0.51 EPS

Northrim BanCorp, Inc. (NASDAQ:NRIM) has been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokerages have set a one year consensus price objective of $34.00 for the company and are anticipating that the company will post $0.51 EPS for the current quarter, according to Zacks. Zacks has also given Northrim BanCorp an industry rank of 118 out of 265 based on the ratings given to related companies.

A number of equities analysts recently issued reports on the company. ValuEngine raised Northrim BanCorp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 26th. Zacks Investment Research lowered Northrim BanCorp from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th.

Shares of Northrim BanCorp (NASDAQ:NRIM) traded down $1.10 during mid-day trading on Friday, reaching $35.00. The company had a trading volume of 9,917 shares, compared to its average volume of 19,990. Northrim BanCorp has a 1-year low of $26.31 and a 1-year high of $38.15. The company has a market cap of $247.40, a price-to-earnings ratio of 14.83 and a beta of 0.75. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.83.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, December 7th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Wednesday, December 6th. Northrim BanCorp’s dividend payout ratio (DPR) is 37.29%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Brandes Investment Partners LP boosted its stake in Northrim BanCorp by 19.1% during the 2nd quarter. Brandes Investment Partners LP now owns 50,765 shares of the financial services provider’s stock valued at $1,544,000 after purchasing an additional 8,158 shares in the last quarter. Vanguard Group Inc. boosted its stake in Northrim BanCorp by 11.1% during the 1st quarter. Vanguard Group Inc. now owns 239,132 shares of the financial services provider’s stock valued at $7,186,000 after purchasing an additional 23,806 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Northrim BanCorp by 147.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 35,306 shares of the financial services provider’s stock valued at $1,074,000 after purchasing an additional 21,025 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Northrim BanCorp by 119.1% during the 2nd quarter. New York State Common Retirement Fund now owns 8,092 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 4,399 shares in the last quarter. Finally, Legato Capital Management LLC boosted its stake in Northrim BanCorp by 53.8% during the 3rd quarter. Legato Capital Management LLC now owns 43,549 shares of the financial services provider’s stock valued at $1,522,000 after purchasing an additional 15,225 shares in the last quarter. 72.13% of the stock is owned by hedge funds and other institutional investors.

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Northrim BanCorp Company Profile

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.

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