Shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Analysts have set a 12-month consensus price target of $34.00 for the company, according to Zacks. Zacks has also given Northrim BanCorp an industry rank of 15 out of 265 based on the ratings given to related companies.
Several analysts have recently weighed in on the stock. ValuEngine downgraded shares of Northrim BanCorp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Northrim BanCorp from a “sell” rating to a “hold” rating and set a $38.00 price objective for the company in a research report on Saturday, December 30th.
Several large investors have recently modified their holdings of the company. Nationwide Fund Advisors lifted its position in shares of Northrim BanCorp by 37.7% during the 2nd quarter. Nationwide Fund Advisors now owns 6,214 shares of the financial services provider’s stock worth $189,000 after buying an additional 1,700 shares during the last quarter. Vanguard Group Inc. raised its position in Northrim BanCorp by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 240,905 shares of the financial services provider’s stock valued at $7,323,000 after purchasing an additional 1,773 shares during the last quarter. Brandes Investment Partners LP raised its position in 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 valued at $1,837,000 after purchasing an additional 1,791 shares during the last quarter. Bessemer Group Inc. raised its position in Northrim BanCorp by 27.6% in the 4th quarter. Bessemer Group Inc. now owns 12,475 shares of the financial services provider’s stock valued at $423,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Northern Trust Corp raised its position in Northrim BanCorp by 3.9% in the 2nd quarter. Northern Trust Corp now owns 83,498 shares of the financial services provider’s stock valued at $2,539,000 after purchasing an additional 3,128 shares during the last quarter. Institutional investors and hedge funds own 72.00% of the company’s stock.
Shares of Northrim BanCorp (NASDAQ NRIM) traded up $0.30 during trading hours on Friday, hitting $33.30. 15,421 shares of the stock traded hands, compared to its average volume of 11,448. The stock has a market cap of $227.53, a P/E ratio of 17.66 and a beta of 0.76. 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 twelve month low of $26.31 and a twelve month high of $38.15.
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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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