Northrim BanCorp (NRIM) Projected to Post Quarterly Earnings on Wednesday

Northrim BanCorp (NASDAQ:NRIM) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $1.56 per share and revenue of $44.10 million for the quarter.

Northrim BanCorp (NASDAQ:NRIM) last announced its quarterly earnings data on Friday, January 24th. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.72. Northrim BanCorp had a net margin of 18.87% and a return on equity of 14.86%. On average, analysts expect Northrim BanCorp to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Northrim BanCorp Trading Up 1.0 %

Shares of NASDAQ:NRIM opened at $72.87 on Monday. 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 has a 1 year low of $45.01 and a 1 year high of $91.72. The company has a market cap of $402.32 million, a P/E ratio of 11.01 and a beta of 0.73. The stock’s fifty day moving average price is $75.62 and its 200-day moving average price is $77.33.

Northrim BanCorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 3.51%. This is a boost from Northrim BanCorp’s previous quarterly dividend of $0.62. The ex-dividend date was Thursday, March 6th. Northrim BanCorp’s dividend payout ratio is presently 38.67%.

Insider Activity at Northrim BanCorp

In related news, CEO Michael G. Huston sold 453 shares of Northrim BanCorp stock in a transaction on Friday, February 7th. The stock was sold at an average price of $89.18, for a total transaction of $40,398.54. Following the transaction, the chief executive officer now directly owns 23,759 shares in the company, valued at approximately $2,118,827.62. The trade was a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.10% of the stock is owned by company insiders.

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.