Northrim BanCorp (NASDAQ:NRIM) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Northrim BanCorp Inc (NASDAQ:NRIM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.98 and traded as high as $25.31. Northrim BanCorp shares last traded at $24.81, with a volume of 68,083 shares traded.

Northrim BanCorp Price Performance

The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $565.37 million, a price-to-earnings ratio of 8.82 and a beta of 0.88. The stock’s 50 day moving average price is $24.39 and its two-hundred day moving average price is $25.01.

Northrim BanCorp (NASDAQ:NRIM) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. The business had revenue of $49.46 million for the quarter, compared to the consensus estimate of $50.60 million. Northrim BanCorp had a net margin of 24.91% and a return on equity of 16.99%. Analysts anticipate that Northrim BanCorp Inc will post 2.6 EPS for the current fiscal year.

Northrim BanCorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, June 11th. Northrim BanCorp’s dividend payout ratio is 22.22%.

Institutional Trading of Northrim BanCorp

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Northrim BanCorp by 326.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,639,351 shares of the financial services provider’s stock worth $35,508,000 after acquiring an additional 1,254,870 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Northrim BanCorp by 248.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,346,512 shares of the financial services provider’s stock worth $29,166,000 after acquiring an additional 960,299 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Northrim BanCorp by 18.5% during the 4th quarter. Geode Capital Management LLC now owns 727,180 shares of the financial services provider’s stock worth $19,353,000 after acquiring an additional 113,293 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Northrim BanCorp by 344.3% during the 3rd quarter. American Century Companies Inc. now owns 665,888 shares of the financial services provider’s stock worth $14,423,000 after acquiring an additional 516,030 shares in the last quarter. Finally, De Lisle Partners LLP boosted its stake in shares of Northrim BanCorp by 3.9% during the 4th quarter. De Lisle Partners LLP now owns 460,708 shares of the financial services provider’s stock worth $12,268,000 after acquiring an additional 17,296 shares in the last quarter. Institutional investors own 65.99% of the company’s stock.

About Northrim BanCorp

Northrim BanCorp is the bank holding company for Northrim Bank, a community bank headquartered in Anchorage, Alaska. The company offers a comprehensive suite of personal and commercial banking products and services, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury and cash management solutions.

With branches located across Alaska’s major population centers—such as Anchorage, Fairbanks and Juneau—Northrim serves both urban and rural communities.