Northrim BanCorp, Inc. (NASDAQ:NRIM) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokerages have set a 1 year consensus price target of $27.00 for the company and are predicting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also given Northrim BanCorp an industry rank of 140 out of 254 based on the ratings given to related companies.

Several research analysts have recently issued reports on NRIM shares. Zacks Investment Research cut Northrim BanCorp from a “buy” rating to a “sell” rating in a research note on Wednesday, April 8th. BidaskClub upgraded Northrim BanCorp from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, ValuEngine cut Northrim BanCorp from a “hold” rating to a “sell” rating in a research report on Wednesday, April 8th.

Shares of NRIM traded up $2.87 during midday trading on Wednesday, reaching $26.44. 2,009 shares of the stock were exchanged, compared to its average volume of 33,790. Northrim BanCorp has a 52 week low of $17.32 and a 52 week high of $42.28. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $22.40 and its two-hundred day moving average is $32.44. The company has a market capitalization of $140.50 million, a P/E ratio of 9.14 and a beta of 0.58.

Northrim BanCorp (NASDAQ:NRIM) last issued its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.31). The business had revenue of $22.12 million during the quarter, compared to analyst estimates of $24.10 million. Northrim BanCorp had a return on equity of 8.54% and a net margin of 16.31%. On average, sell-side analysts expect that Northrim BanCorp will post 2.55 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Baldwin Brothers Inc. MA purchased a new position in Northrim BanCorp during the fourth quarter valued at approximately $25,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of Northrim BanCorp in the fourth quarter valued at approximately $27,000. Citigroup Inc. increased its position in shares of Northrim BanCorp by 40.2% in the fourth quarter. Citigroup Inc. now owns 1,305 shares of the financial services provider’s stock valued at $50,000 after buying an additional 374 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Northrim BanCorp by 91.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,193 shares of the financial services provider’s stock valued at $84,000 after buying an additional 1,046 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Northrim BanCorp by 93.3% in the fourth quarter. Russell Investments Group Ltd. now owns 4,538 shares of the financial services provider’s stock valued at $171,000 after buying an additional 2,190 shares in the last quarter. Institutional investors own 71.17% 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 in Alaska. It operates in two segments, Community Banking and Home Mortgage Lending. The company offers noninterest-bearing checking accounts and interest-bearing time deposits, checking and savings accounts, money market deposit accounts, certificates of deposit, and courier noncash deposits.

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