Northrim BanCorp (NRIM) to Release Earnings on Thursday

Northrim BanCorp (NASDAQ:NRIM) is expected to be releasing its earnings data before the market opens on Thursday, January 23rd. Analysts expect Northrim BanCorp to post earnings of $1.23 per share for the quarter.

Northrim BanCorp Price Performance

Shares of NRIM stock opened at $80.15 on Wednesday. Northrim BanCorp has a 52-week low of $43.92 and a 52-week high of $91.72. The stock has a market cap of $440.83 million, a PE ratio of 13.68 and a beta of 0.82. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.81 and a current ratio of 0.85. The firm’s 50 day moving average price is $81.10 and its two-hundred day moving average price is $72.11.

Northrim BanCorp Announces Dividend

The firm also recently disclosed 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 of this dividend was Thursday, December 19th. This represents a $2.48 dividend on an annualized basis and a yield of 3.09%. Northrim BanCorp’s payout ratio is presently 42.32%.

Insiders Place Their Bets

In other Northrim BanCorp news, Director Linda C. Thomas sold 2,550 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $79.00, for a total value of $201,450.00. Following the sale, the director now directly owns 1,172 shares in the company, valued at approximately $92,588. This trade represents a 68.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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