Northrim BanCorp Inc (NASDAQ:NRIM) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Northrim BanCorp Inc (NASDAQ:NRIM) announced its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.04, MarketWatch Earnings reports. 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 8.33% and a net margin of 14.15%.

Shares of Northrim BanCorp (NASDAQ:NRIM) opened at 27.45 on Friday. The company has a market capitalization of $189.68 million, a PE ratio of 13.66 and a beta of 0.59. The stock has a 50 day moving average price of $29.18 and a 200 day moving average price of $29.82. Northrim BanCorp has a 52-week low of $24.35 and a 52-week high of $33.00.

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

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Northrim BanCorp Company Profile

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.

Earnings History for Northrim BanCorp (NASDAQ:NRIM)

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