Northrim BanCorp Inc (NASDAQ:NRIM – Get Free Report) announced a quarterly dividend on Friday, May 29th. Stockholders of record on Thursday, June 11th will be paid a dividend of 0.16 per share by the financial services provider on Thursday, June 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, June 11th.
Northrim BanCorp has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 16 consecutive years. Northrim BanCorp has a dividend payout ratio of 6.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Northrim BanCorp to earn $2.75 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 23.3%.
Northrim BanCorp Trading Down 0.1%
Shares of NRIM opened at $24.71 on Friday. The firm’s 50 day simple moving average is $24.07 and its 200 day simple moving average is $24.92. The company has a market capitalization of $549.80 million, a P/E ratio of 8.57 and a beta of 0.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.91. Northrim BanCorp has a 1-year low of $19.60 and a 1-year high of $30.82.
Northrim BanCorp Company Profile
Northrim BanCorp is the bank holding company for Northrim Bank, a community bank headquartered in Anchorage, Alaska. The company offers a comprehensive suite of personal and commercial banking products and services, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury and cash management solutions.
With branches located across Alaska’s major population centers—such as Anchorage, Fairbanks and Juneau—Northrim serves both urban and rural communities.
Recommended Stories
- Five stocks we like better than Northrim BanCorp
- MongoDB’s AI Advantage Is Starting to Show Up in Results
- MarketBeat Week in Review – 05/25 – 05/29
- Shares Fall, Targets Rise—Markets and Analysts Diverge on Synopsys
- Salesforce Stock Finds Support as AI Momentum Builds
Receive News & Ratings for Northrim BanCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrim BanCorp and related companies with MarketBeat.com's FREE daily email newsletter.
