Northrim BanCorp, Inc. (NASDAQ:nrim) declared a quarterly dividend on Friday, May 26th. Shareholders of record on Thursday, June 8th will be given a dividend of 0.21 per share by the financial services provider on Friday, June 16th. This represents a $0.84 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Tuesday, June 6th.

Northrim BanCorp (NASDAQ:NRIM) opened at 30.80 on Monday. The firm has a market capitalization of $212.83 million, a P/E ratio of 14.46 and a beta of 0.56. The firm’s 50-day moving average is $30.66 and its 200-day moving average is $29.98. Northrim BanCorp has a 52-week low of $24.35 and a 52-week high of $33.00.

Northrim BanCorp (NASDAQ:NRIM) last posted its quarterly earnings data on Monday, May 1st. The financial services provider reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.11. The company had revenue of $22.73 million for the quarter, compared to analyst estimates of $22 million. Northrim BanCorp had a return on equity of 8.73% and a net margin of 14.10%. On average, equities analysts expect that Northrim BanCorp will post $2.00 earnings per share for the current year.

Dividend History for Northrim BanCorp (NASDAQ:nrim)

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In other Northrim BanCorp news, Director Larry S. Cash sold 4,345 shares of the business’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $28.09, for a total value of $122,051.05. Following the transaction, the director now owns 7,655 shares of the company’s stock, valued at $215,028.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of NRIM. American International Group Inc. boosted its position in shares of Northrim BanCorp by 6.9% in the first quarter. American International Group Inc. now owns 4,137 shares of the financial services provider’s stock worth $124,000 after buying an additional 267 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Northrim BanCorp by 6.1% in the first quarter. Bank of America Corp DE now owns 6,141 shares of the financial services provider’s stock worth $185,000 after buying an additional 353 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Northrim BanCorp during the first quarter worth approximately $306,000. Geode Capital Management LLC boosted its position in shares of Northrim BanCorp by 6.9% in the first quarter. Geode Capital Management LLC now owns 55,270 shares of the financial services provider’s stock worth $1,660,000 after buying an additional 3,552 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Northrim BanCorp by 11.1% in the first quarter. Vanguard Group Inc. now owns 239,132 shares of the financial services provider’s stock worth $7,186,000 after buying an additional 23,806 shares in the last quarter. 66.88% of the stock is currently owned by hedge funds and other institutional investors.

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.

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