Northrim BanCorp (NRIM) to Release Quarterly Earnings on Thursday

Northrim BanCorp (NASDAQ:NRIM) will issue its quarterly earnings data on Thursday, April 25th.

Northrim BanCorp (NASDAQ:NRIM) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.05). The business had revenue of $33.22 million during the quarter, compared to analyst estimates of $33.60 million. Northrim BanCorp had a net margin of 16.04% and a return on equity of 11.22%. On average, analysts expect Northrim BanCorp to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Northrim BanCorp Trading Up 2.6 %

Shares of NRIM opened at $46.18 on Wednesday. The company has a market capitalization of $253.99 million, a PE ratio of 10.29 and a beta of 0.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.78 and a current ratio of 0.79. The stock has a fifty day moving average of $48.49 and a two-hundred day moving average of $49.08. Northrim BanCorp has a fifty-two week low of $33.29 and a fifty-two week high of $59.90.

Northrim BanCorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, March 7th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.28%. This is an increase from Northrim BanCorp’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Wednesday, March 6th. Northrim BanCorp’s dividend payout ratio is presently 54.34%.

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 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.