Northrim BanCorp, Inc. (NRIM) Expected to Earn Q1 2019 Earnings of $0.48 Per Share

Northrim BanCorp, Inc. (NASDAQ:NRIM) – Investment analysts at FIG Partners issued their Q1 2019 earnings per share (EPS) estimates for shares of Northrim BanCorp in a research report issued to clients and investors on Thursday. FIG Partners analyst B. Martin anticipates that the financial services provider will post earnings per share of $0.48 for the quarter. FIG Partners also issued estimates for Northrim BanCorp’s Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $0.64 EPS, Q4 2019 earnings at $0.63 EPS and FY2019 earnings at $2.34 EPS.

NRIM has been the subject of a number of other reports. ValuEngine downgraded shares of Northrim BanCorp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research downgraded shares of Northrim BanCorp from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th.

Northrim BanCorp (NRIM) traded up $0.90 during midday trading on Friday, hitting $34.15. 12,457 shares of the stock were exchanged, compared to its average volume of 12,305. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 0.09. Northrim BanCorp has a 52 week low of $26.31 and a 52 week high of $38.15. The firm has a market capitalization of $227.12, a P/E ratio of 18.09 and a beta of 0.76.

Institutional investors and hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. raised its position in Northrim BanCorp by 147.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 35,306 shares of the financial services provider’s stock valued at $1,074,000 after purchasing an additional 21,025 shares in the last quarter. Legato Capital Management LLC raised its position in Northrim BanCorp by 53.8% during the third quarter. Legato Capital Management LLC now owns 43,549 shares of the financial services provider’s stock valued at $1,522,000 after purchasing an additional 15,225 shares in the last quarter. New York State Common Retirement Fund raised its position in Northrim BanCorp by 119.1% during the second quarter. New York State Common Retirement Fund now owns 8,092 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 4,399 shares in the last quarter. Foundry Partners LLC raised its position in Northrim BanCorp by 8.1% during the third quarter. Foundry Partners LLC now owns 61,865 shares of the financial services provider’s stock valued at $2,162,000 after purchasing an additional 4,650 shares in the last quarter. Finally, Seizert Capital Partners LLC acquired a new position in Northrim BanCorp during the third quarter valued at approximately $3,419,000. Institutional investors and hedge funds own 72.00% of the company’s stock.

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About Northrim BanCorp

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 10 branches throughout Alaska.

Earnings History and Estimates for Northrim BanCorp (NASDAQ:NRIM)

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