Northrim BanCorp (NRIM) to Release Earnings on Wednesday

Northrim BanCorp (NASDAQ:NRIM - Get Free Report) is expected to be issuing its Q2 2025 quarterly earnings data before the market opens on Wednesday, July 23rd. Analysts expect the company to announce earnings of $2.26 per share and revenue of $48.80 million for the quarter.

Northrim BanCorp (NASDAQ:NRIM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $2.38 EPS for the quarter, topping the consensus estimate of $1.56 by $0.82. Northrim BanCorp had a return on equity of 15.97% and a net margin of 20.23%. The business had revenue of $45.50 million during the quarter, compared to analysts' expectations of $44.10 million. 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 Price Performance

Shares of NRIM traded up $0.99 during midday trading on Thursday, reaching $95.91. The stock had a trading volume of 16,527 shares, compared to its average volume of 38,464. The company's 50-day moving average is $90.85 and its 200 day moving average is $82.27. Northrim BanCorp has a 12-month low of $58.49 and a 12-month high of $100.21. The company has a current ratio of 0.88, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $529.49 million, a price-to-earnings ratio of 12.72 and a beta of 0.96.

Northrim BanCorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, June 5th were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Thursday, June 5th. Northrim BanCorp's dividend payout ratio (DPR) is presently 34.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NRIM shares. Hovde Group boosted their target price on Northrim BanCorp from $99.00 to $104.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Wall Street Zen lowered Northrim BanCorp from a "buy" rating to a "hold" rating in a research note on Monday, July 7th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in shares of Northrim BanCorp in the 1st quarter worth approximately $413,000. Goldman Sachs Group Inc. grew its stake in shares of Northrim BanCorp by 30.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,470 shares of the financial services provider's stock worth $2,085,000 after buying an additional 6,599 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Northrim BanCorp by 5.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,182 shares of the financial services provider's stock worth $233,000 after buying an additional 156 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Northrim BanCorp by 171.3% in the 1st quarter. AQR Capital Management LLC now owns 13,352 shares of the financial services provider's stock worth $978,000 after buying an additional 8,431 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Northrim BanCorp in the 1st quarter worth approximately $210,000. Institutional investors own 65.99% of the company's stock.

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.