Northrim BanCorp Inc (NASDAQ:NRIM) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokers have set a 12 month consensus price target of $34.00 for the company and are forecasting that the company will post $0.51 earnings per share for the current quarter, according to Zacks. Zacks has also given Northrim BanCorp an industry rank of 179 out of 265 based on the ratings given to its competitors.

NRIM has been the subject of several research reports. Zacks Investment Research cut shares of Northrim BanCorp from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. ValuEngine cut shares of Northrim BanCorp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 31st.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Northrim BanCorp by 6.9% during the third quarter. Dimensional Fund Advisors LP now owns 558,458 shares of the financial services provider’s stock valued at $19,518,000 after purchasing an additional 35,888 shares during the last quarter. Ameriprise Financial Inc. grew its position in Northrim BanCorp by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 305,102 shares of the financial services provider’s stock valued at $9,275,000 after buying an additional 5,134 shares during the period. Vanguard Group Inc. grew its position in Northrim BanCorp by 0.7% during the second quarter. Vanguard Group Inc. now owns 240,905 shares of the financial services provider’s stock valued at $7,323,000 after buying an additional 1,773 shares during the period. FMR LLC grew its position in Northrim BanCorp by 10.2% during the second quarter. FMR LLC now owns 172,608 shares of the financial services provider’s stock valued at $5,247,000 after buying an additional 15,939 shares during the period. Finally, LSV Asset Management grew its position in Northrim BanCorp by 7.8% during the second quarter. LSV Asset Management now owns 171,167 shares of the financial services provider’s stock valued at $5,203,000 after buying an additional 12,322 shares during the period. 72.37% of the stock is owned by hedge funds and other institutional investors.

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Northrim BanCorp (NASDAQ NRIM) opened at $34.25 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 0.09. Northrim BanCorp has a twelve month low of $26.31 and a twelve month high of $36.70. The firm has a market cap of $234.73, a P/E ratio of 14.51 and a beta of 0.70.

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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