Northrim BanCorp, Inc. (NASDAQ:NRIM) Director David G. Wight purchased 500 shares of the business’s stock in a transaction dated Monday, February 11th. The shares were acquired at an average cost of $37.09 per share, for a total transaction of $18,545.00. Following the acquisition, the director now owns 12,000 shares of the company’s stock, valued at approximately $445,080. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of NRIM traded up $0.82 during mid-day trading on Monday, reaching $37.36. 14,000 shares of the company’s stock traded hands, compared to its average volume of 15,461. The stock has a market cap of $253.39 million, a PE ratio of 13.06 and a beta of 0.68. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 0.09. Northrim BanCorp, Inc. has a 12 month low of $29.66 and a 12 month high of $45.40.
Northrim BanCorp (NASDAQ:NRIM) last released its quarterly earnings results on Monday, January 28th. The financial services provider reported $0.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.08). The business had revenue of $23.86 million for the quarter, compared to the consensus estimate of $23.80 million. Northrim BanCorp had a net margin of 20.76% and a return on equity of 10.04%. As a group, analysts forecast that Northrim BanCorp, Inc. will post 3.33 EPS for the current year.
A number of research firms have recently weighed in on NRIM. BidaskClub cut Northrim BanCorp from a “buy” rating to a “hold” rating in a report on Friday, October 19th. ValuEngine cut Northrim BanCorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Finally, Zacks Investment Research cut Northrim BanCorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 16th.
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About Northrim BanCorp
Northrim BanCorp, Inc operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professionals in Alaska. The company operates in two segments, Community Banking and Home Mortgage Lending. It offers various deposit products, including noninterest-bearing checking accounts and interest-bearing time deposits, checking accounts, and savings accounts, as well as money market deposit accounts, certificates of deposit, and courier noncash deposits.
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