Q3 2017 EPS Estimates for Northrim BanCorp Inc (NASDAQ:NRIM) Lifted by FIG Partners
Northrim BanCorp Inc (NASDAQ:NRIM) – Analysts at FIG Partners boosted their Q3 2017 earnings per share (EPS) estimates for Northrim BanCorp in a report issued on Monday. FIG Partners analyst B. Martin now anticipates that the financial services provider will post earnings of $0.57 per share for the quarter, up from their previous forecast of $0.55. FIG Partners also issued estimates for Northrim BanCorp’s Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.53 EPS and Q3 2018 earnings at $0.56 EPS.
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Shares of Northrim BanCorp (NRIM) opened at 27.70 on Tuesday. The stock has a market capitalization of $191.41 million, a PE ratio of 13.78 and a beta of 0.59. Northrim BanCorp has a 52-week low of $24.35 and a 52-week high of $33.00. The stock has a 50 day moving average price of $30.40 and a 200-day moving average price of $30.02.
Northrim BanCorp (NASDAQ:NRIM) last posted its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.04. The business had revenue of $23.96 million during the quarter, compared to analysts’ expectations of $24.70 million. Northrim BanCorp had a return on equity of 8.38% and a net margin of 14.15%.
Several hedge funds have recently bought and sold shares of NRIM. Dimensional Fund Advisors LP boosted its stake in Northrim BanCorp by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 495,552 shares of the financial services provider’s stock valued at $14,891,000 after buying an additional 16,446 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Northrim BanCorp by 16.5% in the first quarter. Ameriprise Financial Inc. now owns 299,968 shares of the financial services provider’s stock valued at $9,014,000 after buying an additional 42,405 shares in the last quarter. Vanguard Group Inc. boosted its stake in Northrim BanCorp by 11.1% in the first quarter. Vanguard Group Inc. now owns 239,132 shares of the financial services provider’s stock valued at $7,186,000 after buying an additional 23,806 shares in the last quarter. FMR LLC boosted its stake in Northrim BanCorp by 467.6% in the first quarter. FMR LLC now owns 156,669 shares of the financial services provider’s stock valued at $4,708,000 after buying an additional 129,069 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Northrim BanCorp by 25.8% in the fourth quarter. Renaissance Technologies LLC now owns 117,600 shares of the financial services provider’s stock valued at $3,716,000 after buying an additional 24,100 shares in the last quarter. 71.36% of the stock is owned by institutional investors and hedge funds.
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.
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