Zacks: Brokerages Set $34.00 Price Target for Northrim BanCorp Inc (NRIM)
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 investment analyst has rated the stock with a hold rating.
Brokerages have set a one year consensus price objective of $34.00 for the company and are anticipating that the company will post $0.51 EPS for the current quarter, according to Zacks. Zacks has also assigned Northrim BanCorp an industry rank of 113 out of 265 based on the ratings given to its competitors.
Several analysts have recently issued reports on NRIM shares. Zacks Investment Research lowered Northrim BanCorp from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. ValuEngine lowered Northrim BanCorp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st.
Shares of Northrim BanCorp (NASDAQ:NRIM) opened at $37.90 on Tuesday. The stock has a market capitalization of $251.86, a price-to-earnings ratio of 15.57 and a beta of 0.75. Northrim BanCorp has a 1-year low of $26.31 and a 1-year high of $38.15. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 0.09.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, December 7th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.32%. The ex-dividend date is Wednesday, December 6th. Northrim BanCorp’s dividend payout ratio (DPR) is presently 37.29%.
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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