Northrim BanCorp (NRIM) to Release Quarterly Earnings on Thursday

Northrim BanCorp (NASDAQ:NRIM) is set to release its earnings data on Thursday, April 25th.

Northrim BanCorp (NASDAQ:NRIM) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 2.6 %

NRIM stock opened at $46.18 on Wednesday. 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 company has a 50-day moving average of $48.49 and a two-hundred day moving average of $49.08. The stock has a market capitalization of $253.99 million, a price-to-earnings ratio of 10.29 and a beta of 0.70.

Northrim BanCorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 5.28%. This is a boost from Northrim BanCorp’s previous quarterly dividend of $0.60. The ex-dividend date was Wednesday, March 6th. Northrim BanCorp’s dividend payout ratio is 54.34%.

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. 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.