Northrim BanCorp (NRIM) to Release Quarterly Earnings on Wednesday

Northrim BanCorp (NASDAQ:NRIM - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $1.56 per share and revenue of $44.10 million for the quarter.

Northrim BanCorp (NASDAQ:NRIM - Get Free Report) last announced its quarterly earnings data on Friday, January 24th. The financial services provider reported $1.95 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.72. Northrim BanCorp had a net margin of 18.87% and a return on equity of 14.86%. On average, analysts expect Northrim BanCorp to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Northrim BanCorp Stock Up 1.0 %

Northrim BanCorp stock traded up $0.70 during trading hours on Friday, hitting $72.87. The company had a trading volume of 20,919 shares, compared to its average volume of 29,076. The firm's fifty day moving average is $75.62 and its 200-day moving average is $77.33. The firm has a market capitalization of $402.32 million, a P/E ratio of 11.01 and a beta of 0.73. Northrim BanCorp has a fifty-two week low of $45.01 and a fifty-two week high of $91.72. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.81.

Northrim BanCorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, March 6th were paid a $0.64 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from Northrim BanCorp's previous quarterly dividend of $0.62. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.51%. Northrim BanCorp's dividend payout ratio is 38.67%.

Insider Activity at Northrim BanCorp

In related news, CEO Michael G. Huston sold 453 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $89.18, for a total value of $40,398.54. Following the completion of the sale, the chief executive officer now owns 23,759 shares of the company's stock, valued at approximately $2,118,827.62. The trade was a 1.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 4.10% of the company's 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.