Northrim BanCorp Inc (NRIM) to Release Earnings on Monday
Northrim BanCorp Inc (NASDAQ:NRIM) is set to post its quarterly earnings results before the market opens on Monday, October 30th. Analysts expect Northrim BanCorp to post earnings of $0.55 per share for the quarter.
Northrim BanCorp (NASDAQ:NRIM) last announced its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.51 earnings per share (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 the consensus estimate of $24.70 million. Northrim BanCorp had a net margin of 14.15% and a return on equity of 8.33%. On average, analysts expect Northrim BanCorp to post $2.51 EPS for the current fiscal year and $1.95 EPS for the next fiscal year.
Northrim BanCorp Inc (NRIM) opened at 35.70 on Monday. Northrim BanCorp Inc has a one year low of $24.35 and a one year high of $36.70. The stock has a 50 day moving average of $33.32 and a 200-day moving average of $30.83. The stock has a market cap of $246.69 million, a P/E ratio of 17.76 and a beta of 0.63.
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Separately, ValuEngine upgraded Northrim BanCorp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 26th.
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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