Northrim BanCorp (NRIM) Expected to Announce Quarterly Earnings on Thursday

Northrim BanCorp (NASDAQ:NRIM) is anticipated to issue 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 Trading Up 1.1 %

Shares of NASDAQ:NRIM opened at $77.27 on Thursday. 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 has a 1 year low of $43.92 and a 1 year high of $91.72. The company has a market cap of $425.14 million, a P/E ratio of 13.19 and a beta of 0.82. The stock’s fifty day moving average price is $80.90 and its 200-day moving average price is $71.40.

Northrim BanCorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 19th were paid a dividend of $0.62 per share. The ex-dividend date was Thursday, December 19th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.21%. Northrim BanCorp’s dividend payout ratio is currently 42.32%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Northrim BanCorp news, Director Linda C. Thomas sold 2,550 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $79.00, for a total value of $201,450.00. Following the transaction, the director now directly owns 1,172 shares in the company, valued at $92,588. This represents a 68.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.10% of the stock is currently owned by insiders.

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.