Previous Close | 46.97 |
Open | 47.25 |
Bid | 46.65 x 100 |
Ask | 49.13 x 100 |
Day's Range | 46.51 - 48.11 |
52 Week Range | 33.29 - 59.90 |
Volume | |
Avg. Volume | 11,106 |
Market Cap | 263.815M |
Beta (5Y Monthly) | 0.71 |
PE Ratio (TTM) | 10.68 |
EPS (TTM) | 4.49 |
Earnings Date | Jul 25, 2024 - Jul 29, 2024 |
Forward Dividend & Yield | 2.44 (5.09%) |
Ex-Dividend Date | Mar 06, 2024 |
1y Target Est | 56.00 |
Strong Performance Driven by Increased Mortgage Banking Income and Lower Credit Loss Provisions
Northrim (NRIM) delivered earnings and revenue surprises of 40.95% and 5.84%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
ANCHORAGE, Alaska, April 24, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $8.2 million, or $1.48 per diluted share, in the first quarter of 2024, compared to $6.6 million, or $1.19 per diluted share, in the fourth quarter of 2023, and $4.8 million, or $0.84 per diluted share, in the first quarter a year ago. The increase in first quarter 2024 profitability as compared to the prior quarter was primarily the result of an i