Northrim BanCorp Inc (NASDAQ:NRIM) – Equities researchers at FIG Partners raised their Q1 2017 earnings estimates for Northrim BanCorp in a report issued on Monday. FIG Partners analyst B. Martin now forecasts that the firm will earn $0.44 per share for the quarter, up from their previous estimate of $0.39. FIG Partners also issued estimates for Northrim BanCorp’s Q4 2017 earnings at $0.53 EPS.

“FIG Partners Comments on Northrim BanCorp Inc’s Q1 2017 Earnings (NRIM)” was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at http://www.watchlistnews.com/fig-partners-comments-on-northrim-bancorp-incs-q1-2017-earnings-nrim/1121876.html.

Earnings History and Estimates for Northrim BanCorp (NASDAQ:NRIM)

Separately, Zacks Investment Research downgraded Northrim BanCorp from a “hold” rating to a “sell” rating in a research report on Tuesday, November 8th.

Northrim BanCorp (NASDAQ:NRIM) opened at 29.70 on Wednesday. Northrim BanCorp has a 52-week low of $22.50 and a 52-week high of $33.00. The company’s 50 day moving average price is $30.10 and its 200 day moving average price is $27.62. The company has a market cap of $204.84 million, a P/E ratio of 14.42 and a beta of 0.56.

In related news, Chairman Joseph M. Beedle sold 9,485 shares of Northrim BanCorp stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $29.50, for a total value of $279,807.50. Following the sale, the chairman now owns 35,139 shares of the company’s stock, valued at $1,036,600.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.20% of the stock is currently owned by insiders.

“FIG Partners Comments on Northrim BanCorp Inc’s Q1 2017 Earnings (NRIM)” was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at http://www.watchlistnews.com/fig-partners-comments-on-northrim-bancorp-incs-q1-2017-earnings-nrim/1121876.html.

Hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. bought a new stake in Northrim BanCorp during the second quarter worth about $376,000. Strs Ohio increased its stake in Northrim BanCorp by 8.3% in the third quarter. Strs Ohio now owns 14,940 shares of the financial services provider’s stock worth $384,000 after buying an additional 1,140 shares in the last quarter. Algert Global LLC increased its stake in Northrim BanCorp by 24.7% in the third quarter. Algert Global LLC now owns 10,838 shares of the financial services provider’s stock worth $279,000 after buying an additional 2,147 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Northrim BanCorp by 0.7% in the third quarter. Ameriprise Financial Inc. now owns 240,821 shares of the financial services provider’s stock worth $6,202,000 after buying an additional 1,600 shares in the last quarter. Finally, John W. Rosenthal Capital Management Inc. bought a new stake in Northrim BanCorp during the fourth quarter worth about $2,212,000. 66.88% of the stock is currently 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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