Shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) have been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokers have set a 1 year consensus price objective of $36.00 for the company and are expecting that the company will post $0.42 EPS for the current quarter, according to Zacks. Zacks has also assigned Northrim BanCorp an industry rank of 106 out of 265 based on the ratings given to related companies.
Several research analysts have recently commented on the company. Zacks Investment Research raised Northrim BanCorp from a “sell” rating to a “hold” rating and set a $38.00 price objective on the stock in a research note on Saturday, December 30th. ValuEngine raised Northrim BanCorp from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st.
Northrim BanCorp (NRIM) remained flat at $$35.95 during midday trading on Friday. The stock had a trading volume of 6,533 shares, compared to its average volume of 13,387. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. Northrim BanCorp has a 12 month low of $26.31 and a 12 month high of $38.15. The stock has a market cap of $247.39, a P/E ratio of 19.15 and a beta of 0.74.
Northrim BanCorp (NASDAQ:NRIM) last posted its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.05). Northrim BanCorp had a return on equity of 8.40% and a net margin of 13.09%. The company had revenue of $22.64 million during the quarter, compared to the consensus estimate of $22.30 million. equities analysts predict that Northrim BanCorp will post 2.18 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Thursday, March 8th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $0.96 annualized dividend and a dividend yield of 2.67%. This is an increase from Northrim BanCorp’s previous quarterly dividend of $0.22. Northrim BanCorp’s dividend payout ratio (DPR) is 51.06%.
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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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