Northrim BanCorp Inc (NASDAQ:NRIM) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Analysts have set a 1 year consensus price target of $38.00 for the company and are anticipating that the company will post $0.62 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Northrim BanCorp an industry rank of 110 out of 265 based on the ratings given to its competitors.
NRIM has been the subject of a number of research reports. Zacks Investment Research upgraded Northrim BanCorp from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a research note on Tuesday, May 8th. ValuEngine raised Northrim BanCorp from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Finally, BidaskClub raised Northrim BanCorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 11th.
Shares of NRIM stock traded down $0.10 during trading hours on Thursday, reaching $38.85. The company’s stock had a trading volume of 13,497 shares, compared to its average volume of 17,463. The company has a market cap of $266.98 million, a PE ratio of 19.04 and a beta of 0.70. Northrim BanCorp has a fifty-two week low of $26.31 and a fifty-two week high of $39.15. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.82 and a current ratio of 0.85.
Northrim BanCorp (NASDAQ:NRIM) last announced its quarterly earnings results on Monday, April 30th. The financial services provider reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.16. Northrim BanCorp had a return on equity of 8.45% and a net margin of 13.47%. The company had revenue of $21.73 million during the quarter, compared to analysts’ expectations of $21.50 million. equities analysts predict that Northrim BanCorp will post 2.47 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of Northrim BanCorp by 4.4% in the 4th quarter. Bank of New York Mellon Corp now owns 40,803 shares of the financial services provider’s stock valued at $1,381,000 after buying an additional 1,702 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Northrim BanCorp by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 577,680 shares of the financial services provider’s stock valued at $19,959,000 after buying an additional 1,905 shares during the period. Wells Fargo & Company MN grew its stake in shares of Northrim BanCorp by 20.2% in the 4th quarter. Wells Fargo & Company MN now owns 12,563 shares of the financial services provider’s stock valued at $425,000 after buying an additional 2,113 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in shares of Northrim BanCorp by 11.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 22,084 shares of the financial services provider’s stock valued at $748,000 after buying an additional 2,200 shares during the period. Finally, Pacific Ridge Capital Partners LLC grew its stake in shares of Northrim BanCorp by 3.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 75,778 shares of the financial services provider’s stock valued at $2,565,000 after buying an additional 2,520 shares during the period. Institutional investors own 70.68% of the company’s stock.
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 professionals in Alaska. The company operates in two segments, Community Banking and Home Mortgage Lending. It offers various deposit products, including noninterest-bearing checking accounts and interest-bearing time deposits, checking accounts, and savings accounts, as well as money market deposit accounts, certificates of deposit, and courier noncash deposits.
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