Northrim BanCorp (NASDAQ:NRIM – Get Free Report) released its quarterly earnings results on Wednesday. The financial services provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.31 by $0.31, Yahoo Finance reports. The company had revenue of $46.49 million during the quarter, compared to analyst estimates of $35.00 million. Northrim BanCorp had a return on equity of 12.50% and a net margin of 17.19%.
Northrim BanCorp Trading Up 3.7 %
Shares of NASDAQ:NRIM traded up $2.54 during trading hours on Thursday, hitting $71.46. 56,854 shares of the company’s stock traded hands, compared to its average volume of 15,814. Northrim BanCorp has a 1 year low of $38.25 and a 1 year high of $74.34. The business has a fifty day moving average price of $57.33 and a 200-day moving average price of $52.34. The firm has a market capitalization of $393.03 million, a P/E ratio of 13.93 and a beta of 0.73. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.79.
Northrim BanCorp Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Thursday, June 6th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $2.44 annualized dividend and a dividend yield of 3.41%. Northrim BanCorp’s dividend payout ratio (DPR) is presently 47.56%.
Insider Buying and Selling at Northrim BanCorp
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Northrim BanCorp from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st.
Get Our Latest Report on Northrim BanCorp
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.
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