Northrim BanCorp (NRIM) Scheduled to Post Quarterly Earnings on Thursday

Northrim BanCorp (NASDAQ:NRIM - Get Free Report) is set to issue its quarterly earnings data on Thursday, April 25th.

Northrim BanCorp (NASDAQ:NRIM - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.05). Northrim BanCorp had a return on equity of 11.22% and a net margin of 16.04%. The business had revenue of $33.22 million during the quarter, compared to the consensus estimate of $33.60 million. 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 Stock Up 1.7 %

NASDAQ NRIM traded up $0.79 during trading hours on Wednesday, reaching $46.97. 9,197 shares of the company's stock traded hands, compared to its average volume of 11,627. The firm has a market cap of $258.34 million, a PE ratio of 10.27 and a beta of 0.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.79 and a quick ratio of 0.78. Northrim BanCorp has a 52-week low of $33.29 and a 52-week high of $59.90. The firm has a 50-day simple moving average of $48.48 and a 200 day simple moving average of $49.13.

Northrim BanCorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, March 7th were given a $0.61 dividend. This is a boost from Northrim BanCorp's previous quarterly dividend of $0.60. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date was Wednesday, March 6th. Northrim BanCorp's payout ratio is currently 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.