Shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Brokerages have set a 1-year consensus price target of $25.00 for the company and are forecasting that the company will post $0.43 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Northrim BanCorp an industry rank of 96 out of 265 based on the ratings given to its competitors.
Shares of Northrim BanCorp (NASDAQ:NRIM) traded up 0.22% during trading on Wednesday, reaching $23.27. 4,867 shares of the company’s stock traded hands. Northrim BanCorp has a 1-year low of $21.60 and a 1-year high of $29.75. The company has a 50 day moving average price of $23.61 and a 200 day moving average price of $26.53. The stock has a market capitalization of $160.03 million and a PE ratio of 9.09.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 18th. Stockholders of record on Thursday, March 10th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Tuesday, March 8th.
Separately, Zacks Investment Research upgraded Northrim BanCorp from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Saturday, January 23rd.
Northrim BanCorp, Inc is a bank holding company. The Company operates in two segments: Community Banking and Home Mortgage Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. The Community Banking segment operates approximately 14 branches throughout Alaska.
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