Northrim BanCorp Inc (NRIM) To Go Ex-Dividend on June 11th

Northrim BanCorp Inc (NASDAQ:NRIM) announced a quarterly dividend on Thursday, May 28th. Investors of record on Thursday, June 11th will be paid a dividend of 0.16 per share by the financial services provider on Thursday, June 18th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, June 11th.

Northrim BanCorp has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 16 years. Northrim BanCorp has a payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Northrim BanCorp to earn $2.75 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 23.3%.

Northrim BanCorp Stock Up 0.0%

Shares of Northrim BanCorp stock opened at $24.81 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The firm has a market cap of $552.02 million, a P/E ratio of 8.61 and a beta of 0.88. Northrim BanCorp has a fifty-two week low of $19.60 and a fifty-two week high of $30.82. The business has a 50-day moving average price of $24.28 and a 200 day moving average price of $24.98.

Northrim BanCorp (NASDAQ:NRIM) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.08. The firm had revenue of $49.46 million during the quarter, compared to analyst estimates of $50.60 million. Northrim BanCorp had a return on equity of 16.99% and a net margin of 24.91%. On average, sell-side analysts forecast that Northrim BanCorp will post 2.6 earnings per share for the current fiscal year.

Northrim BanCorp Company Profile

Northrim BanCorp is the bank holding company for Northrim Bank, a community bank headquartered in Anchorage, Alaska. The company offers a comprehensive suite of personal and commercial banking products and services, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury and cash management solutions.

With branches located across Alaska’s major population centers—such as Anchorage, Fairbanks and Juneau—Northrim serves both urban and rural communities.