Northrim BanCorp, Inc. (NASDAQ:NRIM) – Research analysts at FIG Partners boosted their FY2018 EPS estimates for Northrim BanCorp in a research report issued on Wednesday, according to Zacks Investment Research. FIG Partners analyst B. Martin now expects that the financial services provider will earn $2.18 per share for the year, up from their previous estimate of $1.95.
Several other research analysts also recently weighed in on the stock. ValuEngine upgraded shares of Northrim BanCorp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Northrim BanCorp from a “sell” rating to a “hold” rating and set a $38.00 price objective on the stock in a report on Saturday, December 30th.
Northrim BanCorp (NASDAQ NRIM) traded down $0.45 during trading on Friday, hitting $35.10. 9,181 shares of the company were exchanged, compared to its average volume of 12,018. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. Northrim BanCorp has a 52 week low of $26.31 and a 52 week high of $38.15. The firm has a market cap of $243.64, a P/E ratio of 14.87 and a beta of 0.75.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dalton Greiner Hartman Maher & Co. grew its stake in shares of Northrim BanCorp by 26.7% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 66,703 shares of the financial services provider’s stock worth $2,258,000 after acquiring an additional 14,048 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Northrim BanCorp by 6.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 558,458 shares of the financial services provider’s stock worth $19,518,000 after acquiring an additional 35,888 shares in the last quarter. Brandes Investment Partners LP grew its stake in shares of Northrim BanCorp by 3.5% in the 3rd quarter. Brandes Investment Partners LP now owns 52,556 shares of the financial services provider’s stock worth $1,837,000 after acquiring an additional 1,791 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Northrim BanCorp by 50.2% in the 3rd quarter. Wells Fargo & Company MN now owns 10,450 shares of the financial services provider’s stock worth $366,000 after acquiring an additional 3,494 shares in the last quarter. Finally, Commonwealth Equity Services Inc bought a new stake in shares of Northrim BanCorp in the 3rd quarter worth $206,000. Hedge funds and other institutional investors own 72.13% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, December 7th were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, December 6th. This represents a $0.88 annualized dividend and a yield of 2.51%. Northrim BanCorp’s payout ratio is 37.29%.
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Northrim BanCorp Company Profile
Northrim BanCorp, Inc is a bank holding company. The Company operates in two segments: Community Banking and Home Mortgage Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. The Community Banking segment operates approximately 10 branches throughout Alaska.
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