Q2 2018 EPS Estimates for Northrim BanCorp Inc Reduced by FIG Partners (NRIM)

Northrim BanCorp Inc (NASDAQ:NRIM) – Equities researchers at FIG Partners cut their Q2 2018 earnings per share (EPS) estimates for shares of Northrim BanCorp in a report issued on Friday. FIG Partners analyst B. Martin now expects that the financial services provider will earn $0.50 per share for the quarter, down from their prior forecast of $0.52. FIG Partners also issued estimates for Northrim BanCorp’s Q3 2018 earnings at $0.53 EPS.

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Separately, ValuEngine downgraded Northrim BanCorp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 31st.

Northrim BanCorp (NASDAQ NRIM) traded up $0.20 during trading on Monday, hitting $34.35. 3,662 shares of the company’s stock traded hands, compared to its average volume of 18,487. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 0.85. The company has a market cap of $234.01, a PE ratio of 14.47 and a beta of 0.70. Northrim BanCorp has a 1 year low of $24.80 and a 1 year high of $36.70.

Several institutional investors have recently bought and sold shares of the stock. American International Group Inc. lifted its position in shares of Northrim BanCorp by 6.9% during the 1st 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 during the period. Menta Capital LLC raised its position in Northrim BanCorp by 2.5% in the 2nd quarter. Menta Capital LLC now owns 12,086 shares of the financial services provider’s stock valued at $367,000 after purchasing an additional 300 shares during the last quarter. Bank of America Corp DE raised its position in Northrim BanCorp by 6.1% in the 1st quarter. Bank of America Corp DE now owns 6,141 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 353 shares during the last quarter. Russell Investments Group Ltd. raised its position in Northrim BanCorp by 2.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 25,466 shares of the financial services provider’s stock valued at $774,000 after purchasing an additional 497 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in Northrim BanCorp by 37.7% in the 2nd quarter. Nationwide Fund Advisors now owns 6,214 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 1,700 shares during the last quarter. Institutional investors and hedge funds own 73.21% of the company’s stock.

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 and Estimates for Northrim BanCorp (NASDAQ:NRIM)

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