Shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokers have set a 12-month consensus target price of $39.00 for the company and are expecting that the company will post $0.70 EPS for the current quarter, according to Zacks. Zacks has also given Northrim BanCorp an industry rank of 222 out of 256 based on the ratings given to related companies.
NRIM has been the topic of a number of research analyst reports. BidaskClub raised shares of Northrim BanCorp from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Zacks Investment Research downgraded shares of Northrim BanCorp from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th.
Shares of Northrim BanCorp stock opened at $34.78 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. The firm has a market cap of $238.24 million, a price-to-earnings ratio of 12.16 and a beta of 0.71. Northrim BanCorp has a 12-month low of $29.66 and a 12-month high of $45.40.
Northrim BanCorp (NASDAQ:NRIM) last issued its quarterly earnings data on Monday, April 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.01). The company had revenue of $23.30 million for the quarter, compared to analysts’ expectations of $23.10 million. Northrim BanCorp had a net margin of 20.56% and a return on equity of 9.91%. On average, analysts forecast that Northrim BanCorp will post 2.81 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in NRIM. AltraVue Capital LLC purchased a new stake in shares of Northrim BanCorp in the 4th quarter worth about $5,102,000. BlackRock Inc. grew its position in shares of Northrim BanCorp by 5.4% in the 4th quarter. BlackRock Inc. now owns 556,173 shares of the financial services provider’s stock worth $18,281,000 after buying an additional 28,573 shares during the period. Vanguard Group Inc grew its position in shares of Northrim BanCorp by 8.9% in the 3rd quarter. Vanguard Group Inc now owns 347,731 shares of the financial services provider’s stock worth $14,449,000 after buying an additional 28,493 shares during the period. Vanguard Group Inc. grew its position in shares of Northrim BanCorp by 8.9% in the 3rd quarter. Vanguard Group Inc. now owns 347,731 shares of the financial services provider’s stock worth $14,449,000 after buying an additional 28,493 shares during the period. Finally, Pacific Ridge Capital Partners LLC grew its position in shares of Northrim BanCorp by 21.3% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 90,271 shares of the financial services provider’s stock worth $3,107,000 after buying an additional 15,861 shares during the period. 71.17% of the stock is currently owned by hedge funds and other institutional investors.
About Northrim BanCorp
Northrim BanCorp, Inc operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals in Alaska. It operates in two segments, Community Banking and Home Mortgage Lending. The company offers noninterest-bearing checking accounts and interest-bearing time deposits, checking and savings accounts, money market deposit accounts, certificates of deposit, and courier noncash deposits.
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