Northrim BanCorp (NASDAQ:NRIM - Get Free Report) will likely be issuing its quarterly earnings data 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 0.6 %
NRIM traded up $0.44 during trading on Thursday, hitting $77.71. 43,413 shares of the company's stock were exchanged, compared to its average volume of 72,171. Northrim BanCorp has a fifty-two week low of $43.92 and a fifty-two week high of $91.72. The stock has a market cap of $427.41 million, a P/E ratio of 13.26 and a beta of 0.82. The business's 50 day moving average is $80.98 and its two-hundred day moving average is $71.44. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.09.
Northrim BanCorp Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 19th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Thursday, December 19th. Northrim BanCorp's payout ratio is presently 42.32%.
Insider Activity at Northrim BanCorp
In related 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 approximately $92,588. The trade was a 68.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.10% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Separately, Hovde Group assumed coverage on Northrim BanCorp in a research note on Friday, December 20th. They set an "outperform" rating and a $96.50 price target for the company.
View Our Latest Report on Northrim BanCorp
Northrim BanCorp Company Profile
(
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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.
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