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

Brokerages have set a 12 month consensus price target of $34.00 for the company and are forecasting that the company will post $0.50 EPS for the current quarter, according to Zacks. Zacks has also given Northrim BanCorp an industry rank of 117 out of 265 based on the ratings given to its competitors.

Separately, ValuEngine raised shares of Northrim BanCorp from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th.

Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in shares of Northrim BanCorp by 5.5% in the second quarter. Dimensional Fund Advisors LP now owns 522,570 shares of the financial services provider’s stock worth $15,886,000 after purchasing an additional 27,018 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Northrim BanCorp by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 305,102 shares of the financial services provider’s stock worth $9,275,000 after purchasing an additional 5,134 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Northrim BanCorp by 0.7% in the second quarter. Vanguard Group Inc. now owns 240,905 shares of the financial services provider’s stock worth $7,323,000 after purchasing an additional 1,773 shares during the last quarter. FMR LLC grew its stake in shares of Northrim BanCorp by 10.2% in the second quarter. FMR LLC now owns 172,608 shares of the financial services provider’s stock worth $5,247,000 after purchasing an additional 15,939 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of Northrim BanCorp by 7.8% in the second quarter. LSV Asset Management now owns 171,167 shares of the financial services provider’s stock worth $5,203,000 after purchasing an additional 12,322 shares during the last quarter. 71.04% of the stock is currently owned by institutional investors.

Shares of Northrim BanCorp (NASDAQ NRIM) traded down $0.10 during trading on Friday, hitting $34.15. 15,078 shares of the company traded hands, compared to its average volume of 18,393. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.12. Northrim BanCorp has a one year low of $24.80 and a one year high of $36.70. The company has a market capitalization of $234.01, a PE ratio of 14.47 and a beta of 0.70.

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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.

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