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

Northrim BanCorp (NASDAQ:NRIM - Get Free Report) will likely be issuing its Q2 2025 quarterly earnings data before the market opens on Wednesday, July 23rd. Analysts expect Northrim BanCorp to post 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.56 by $0.82. Northrim BanCorp had a net margin of 20.23% and a return on equity of 15.97%. The business had revenue of $45.50 million for the quarter, compared to analyst estimates 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 Stock Performance

NASDAQ:NRIM traded down $0.16 during midday trading on Friday, reaching $95.89. The stock had a trading volume of 59,560 shares, compared to its average volume of 38,855. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.88 and a quick ratio of 0.82. The stock has a market capitalization of $529.31 million, a P/E ratio of 12.75 and a beta of 0.96. The firm's fifty day simple moving average is $91.33 and its 200-day simple moving average is $82.51. Northrim BanCorp has a 1-year low of $58.49 and a 1-year high of $100.21.

Northrim BanCorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, June 5th were issued a dividend of $0.64 per share. 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 payout ratio is 34.04%.

Hedge Funds Weigh In On Northrim BanCorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada grew its stake in shares of Northrim BanCorp by 21.5% in the first quarter. Royal Bank of Canada now owns 39,505 shares of the financial services provider's stock valued at $2,892,000 after acquiring an additional 6,990 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Northrim BanCorp by 30.2% in the first quarter. Goldman Sachs Group Inc. now owns 28,470 shares of the financial services provider's stock valued at $2,085,000 after acquiring an additional 6,599 shares in the last quarter. AQR Capital Management LLC lifted its position in Northrim BanCorp by 171.3% during the first quarter. AQR Capital Management LLC now owns 13,352 shares of the financial services provider's stock worth $978,000 after purchasing an additional 8,431 shares during the period. Jane Street Group LLC bought a new stake in Northrim BanCorp during the first quarter worth about $413,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Northrim BanCorp by 5.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,182 shares of the financial services provider's stock worth $233,000 after purchasing an additional 156 shares during the period. 65.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on NRIM. Wall Street Zen raised shares of Northrim BanCorp from a "hold" rating to a "buy" rating in a report on Friday. Hovde Group boosted their price objective on shares of Northrim BanCorp from $99.00 to $104.00 and gave the company an "outperform" rating in a report on Monday, April 28th.

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.