Northrim BanCorp (NASDAQ:NRIM) Earning Positive Media Coverage, Study Shows

Headlines about Northrim BanCorp (NASDAQ:NRIM) have trended positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Northrim BanCorp earned a coverage optimism score of 0.31 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.804518417167 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

NASDAQ:NRIM traded up $0.35 during trading hours on Thursday, hitting $34.90. 5,934 shares of the company’s stock traded hands, compared to its average volume of 13,187. The firm has a market capitalization of $233.99, a price-to-earnings ratio of 17.11 and a beta of 0.69. Northrim BanCorp has a twelve month low of $26.31 and a twelve month high of $38.15. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09.

Northrim BanCorp (NASDAQ:NRIM) last posted its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.05). Northrim BanCorp had a net margin of 13.09% and a return on equity of 8.39%. The business had revenue of $22.64 million for the quarter, compared to analyst estimates of $22.30 million. equities analysts forecast that Northrim BanCorp will post 2.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Thursday, March 8th were given a $0.24 dividend. This is a positive change from Northrim BanCorp’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 2.75%. The ex-dividend date was Wednesday, March 7th. Northrim BanCorp’s dividend payout ratio is presently 47.06%.

A number of equities research analysts have recently issued reports on NRIM shares. Zacks Investment Research raised Northrim BanCorp from a “sell” rating to a “hold” rating and set a $38.00 target price on the stock in a research report on Saturday, December 30th. ValuEngine raised Northrim BanCorp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st.

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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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