Northrim BanCorp (NRIM) to Release Earnings on Thursday

Northrim BanCorp (NASDAQ:NRIM) will likely be announcing its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $1.23 per share for the quarter.

Northrim BanCorp Stock Up 2.2 %

Shares of NRIM stock opened at $80.15 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.09. Northrim BanCorp has a 1 year low of $43.92 and a 1 year high of $91.72. The firm’s fifty day moving average price is $81.10 and its two-hundred day moving average price is $72.11. The firm has a market capitalization of $440.83 million, a P/E ratio of 13.68 and a beta of 0.82.

Northrim BanCorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 19th were paid a $0.62 dividend. The ex-dividend date was Thursday, December 19th. This represents a $2.48 annualized dividend and a yield of 3.09%. Northrim BanCorp’s payout ratio is currently 42.32%.

Insider Transactions at Northrim BanCorp

In other news, Director Linda C. Thomas sold 2,550 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $79.00, for a total transaction of $201,450.00. Following the transaction, the director now directly owns 1,172 shares in the company, valued at $92,588. The trade was a 68.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Hovde Group assumed coverage on shares of Northrim BanCorp in a research note on Friday, December 20th. They issued an “outperform” rating and a $96.50 price target on the stock.

Northrim BanCorp Company Profile

Northrim BanCorp, Inc operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. It operates through two segments, Community Banking and Home Mortgage Lending. The company offers noninterest-bearing checking accounts and interest-bearing time deposits, checking and savings accounts, individual retirement and money market deposit accounts, certificates of deposit, and business sweep accounts.