Northrim Bancorp Inc’s (NASDAQ:NRIM) Sentiment is 1.41

June 17, 2018 - By Marguerite Chambers

Sentiment for Northrim Bancorp Inc (NASDAQ:NRIM)

Northrim Bancorp Inc (NASDAQ:NRIM) institutional sentiment increased to 1.41 in 2018 Q1. Its up 0.22, from 1.19 in 2017Q4. The ratio is better, as 38 investment professionals opened new and increased holdings, while 27 decreased and sold equity positions in Northrim Bancorp Inc. The investment professionals in our partner’s database reported: 4.75 million shares, down from 4.77 million shares in 2017Q4. Also, the number of investment professionals holding Northrim Bancorp Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 22 Increased: 28 New Position: 10.

Northrim BanCorp, Inc. operates as bank holding firm for Northrim Bank that provides commercial banking services and products to businesses and professional individuals primarily in Alaska. The company has market cap of $269.72 million. The firm operates in two divisions, Community Banking and Home Mortgage Lending. It has a 20.88 P/E ratio. It offers various deposit products, including noninterest-bearing checking accounts and interest-bearing time deposits, checking accounts, and savings accounts, as well as money market deposit accounts, certificates of deposit, and courier noncash deposits.

The stock increased 0.77% or $0.3 during the last trading session, reaching $39.25. About 21,833 shares traded or 34.61% up from the average. Northrim BanCorp, Inc. (NASDAQ:NRIM) has risen 32.55% since June 17, 2017 and is uptrending. It has outperformed by 19.98% the S&P500.

Analysts await Northrim BanCorp, Inc. (NASDAQ:NRIM) to report earnings on July, 30. They expect $0.62 EPS, up 21.57 % or $0.11 from last year’s $0.51 per share. NRIM’s profit will be $4.26 million for 15.83 P/E if the $0.62 EPS becomes a reality. After $0.58 actual EPS reported by Northrim BanCorp, Inc. for the previous quarter, Wall Street now forecasts 6.90 % EPS growth.

Pacific Ridge Capital Partners Llc holds 0.7% of its portfolio in Northrim BanCorp, Inc. for 76,058 shares. Private Capital Management Llc owns 114,034 shares or 0.62% of their US portfolio. Moreover, Maltese Capital Management Llc has 0.26% invested in the company for 110,000 shares. The New York-based Dalton Greiner Hartman Maher & Co has invested 0.14% in the stock. Corda Investment Management Llc., a Texas-based fund reported 30,000 shares.

Since January 1, 0001, it had 2 insider purchases, and 3 selling transactions for $42,067 activity.

Another recent and important Northrim BanCorp, Inc. (NASDAQ:NRIM) news was published by Nasdaq.com which published an article titled: “Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.24 per Share” on May 25, 2018.

Northrim BanCorp, Inc. (NASDAQ:NRIM) Institutional Positions Chart

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