Northrim BanCorp (NRIM) to Release Quarterly Earnings on Thursday

Northrim BanCorp (NASDAQ:NRIM) is anticipated to post its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect Northrim BanCorp to post earnings of $1.23 per share for the quarter.

Northrim BanCorp Price Performance

Northrim BanCorp stock opened at $77.27 on Thursday. The stock’s 50 day moving average is $80.90 and its 200 day moving average is $71.40. Northrim BanCorp has a one year low of $43.92 and a one year high of $91.72. The firm has a market cap of $425.14 million, a P/E ratio of 13.19 and a beta of 0.82. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.81.

Northrim BanCorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 19th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $2.48 annualized dividend and a dividend yield of 3.21%. Northrim BanCorp’s payout ratio is 42.32%.

Wall Street Analysts Forecast Growth

Separately, Hovde Group began coverage on shares of Northrim BanCorp in a report on Friday, December 20th. They issued an “outperform” rating and a $96.50 price target for the company.

Insiders Place Their Bets

In related news, Director Linda C. Thomas sold 2,550 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $79.00, for a total transaction of $201,450.00. Following the sale, the director now directly owns 1,172 shares in the company, valued at approximately $92,588. This represents a 68.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.10% of the company’s stock.

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. 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.