Northrim BanCorp EVP Joseph M. Beedle Acquires 4,125 Shares (NRIM)
Northrim BanCorp (NASDAQ:NRIM) EVP Joseph M. Beedle acquired 4,125 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was purchased at an average cost of $24.63 per share, with a total value of $101,598.75. Following the completion of the acquisition, the executive vice president now directly owns 29,633 shares in the company, valued at approximately $729,861. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks upgraded shares of Northrim BanCorp from a “neutral” rating to an “outperform” rating in a research note on Monday, August 4th. They now have a $28.30 price target on the stock.
Shares of Northrim BanCorp (NASDAQ:NRIM) traded down 1.05% on Wednesday, hitting $24.39. The stock had a trading volume of 8,879 shares. Northrim BanCorp has a 1-year low of $22.56 and a 1-year high of $26.90. The stock’s 50-day moving average is $24.51 and its 200-day moving average is $24.79. The company has a market cap of $166.6 million and a P/E ratio of 12.51.
Northrim BanCorp (NASDAQ:NRIM) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.26. On average, analysts predict that Northrim BanCorp will post $2.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Tuesday, September 9th.
Northrim BanCorp, Inc is a bank holding company for Northrim Bank (NASDAQ:NRIM).
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