Shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) have been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokerages have set a 12-month consensus price objective of $42.00 for the company and are anticipating that the company will post $0.63 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Northrim BanCorp an industry rank of 171 out of 255 based on the ratings given to related companies.

A number of analysts have weighed in on the company. Zacks Investment Research cut Northrim BanCorp from a “hold” rating to a “sell” rating in a research report on Saturday, March 2nd. BidaskClub upgraded Northrim BanCorp from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th.

Shares of NRIM traded up $0.02 on Monday, reaching $34.58. 177 shares of the stock traded hands, compared to its average volume of 14,180. The stock has a market cap of $237.84 million, a PE ratio of 12.09 and a beta of 0.72. The company has a current ratio of 0.87, a quick ratio of 0.84 and a debt-to-equity ratio of 0.09. Northrim BanCorp has a 12 month low of $29.66 and a 12 month high of $45.40.

Northrim BanCorp (NASDAQ:NRIM) last released its quarterly earnings data on Monday, January 28th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.08). The firm had revenue of $23.86 million for the quarter, compared to the consensus estimate of $23.80 million. Northrim BanCorp had a net margin of 20.76% and a return on equity of 9.96%. Equities analysts forecast that Northrim BanCorp will post 2.83 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Thursday, March 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.47%. This is a boost from Northrim BanCorp’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, March 13th. Northrim BanCorp’s dividend payout ratio is 41.96%.

A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in Northrim BanCorp by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 577,362 shares of the financial services provider’s stock valued at $23,989,000 after acquiring an additional 4,917 shares during the period. BlackRock Inc. grew its holdings in shares of Northrim BanCorp by 5.4% during the fourth quarter. BlackRock Inc. now owns 556,173 shares of the financial services provider’s stock worth $18,281,000 after purchasing an additional 28,573 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Northrim BanCorp by 8.9% during the third quarter. Vanguard Group Inc now owns 347,731 shares of the financial services provider’s stock worth $14,449,000 after purchasing an additional 28,493 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Northrim BanCorp by 8.9% during the third quarter. Vanguard Group Inc. now owns 347,731 shares of the financial services provider’s stock worth $14,449,000 after purchasing an additional 28,493 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Northrim BanCorp by 20.7% during the third quarter. Renaissance Technologies LLC now owns 182,000 shares of the financial services provider’s stock worth $7,562,000 after purchasing an additional 31,200 shares during the last quarter. Hedge funds and other institutional investors own 71.13% 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 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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