Northrim BanCorp (NRIM) to Release Quarterly Earnings on Thursday

Northrim BanCorp (NASDAQ:NRIM) is anticipated to announce 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 0.9 %

Shares of NASDAQ:NRIM opened at $78.44 on Tuesday. Northrim BanCorp has a 1 year low of $43.92 and a 1 year 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. The stock’s 50-day moving average is $81.08 and its 200 day moving average is $71.93. The company has a market cap of $431.42 million, a PE ratio of 13.39 and a beta of 0.82.

Northrim BanCorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 19th were issued a $0.62 dividend. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $2.48 annualized dividend and a yield of 3.16%. Northrim BanCorp’s dividend payout ratio (DPR) is presently 42.32%.

Wall Street Analyst Weigh In

Separately, Hovde Group assumed coverage on Northrim BanCorp in a research report on Friday, December 20th. They set an “outperform” rating and a $96.50 price objective for the company.

Insider Buying and Selling

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

About Northrim BanCorp

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.