Northrim BanCorp (NRIM) Earning Somewhat Favorable News Coverage, Report Finds
News articles about Northrim BanCorp (NASDAQ:NRIM) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Northrim BanCorp earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.4827288374391 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Northrim BanCorp Inc (NRIM) Director Buys $18,330.00 in Stock (americanbankingnews.com)
- Northrim BanCorp Inc (NRIM) Given Consensus Rating of “” by Analysts (americanbankingnews.com)
- Northrim BanCorp Inc (NASDAQ:NRIM) Sees Unusual Trading Volume in Its Shares (highlightpress.com)
- Northrim BanCorp, Inc. Raises Quarterly Cash Dividend 5% to $0.22 per Share (finance.yahoo.com)
- Northrim BanCorp declares $0.22 dividend (seekingalpha.com)
Shares of Northrim BanCorp (NASDAQ:NRIM) opened at 29.85 on Friday. Northrim BanCorp has a one year low of $24.35 and a one year high of $33.00. The stock’s 50 day moving average price is $28.67 and its 200 day moving average price is $29.82. The firm has a market cap of $206.26 million, a price-to-earnings ratio of 14.85 and a beta of 0.59.
Northrim BanCorp (NASDAQ:NRIM) last announced its earnings results on Monday, July 31st. The financial services provider reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.04. The company had revenue of $23.96 million for the quarter, compared to analyst estimates of $24.70 million. Northrim BanCorp had a return on equity of 8.33% and a net margin of 14.15%. On average, equities analysts anticipate that Northrim BanCorp will post $2.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, September 7th will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, September 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.95%. This is a positive change from Northrim BanCorp’s previous quarterly dividend of $0.21. Northrim BanCorp’s dividend payout ratio (DPR) is 41.79%.
Separately, ValuEngine raised Northrim BanCorp from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th.
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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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