Earnings results for Northrim BanCorp (NASDAQ:NRIM)
Northrim BanCorp Inc is estimated to report earnings on 10/26/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.91. The reported EPS for the same quarter last year was $1.11.
Northrim BanCorp last issued its quarterly earnings results on July 27th, 2020. The financial services provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.99. The company had revenue of $34.99 million for the quarter, compared to the consensus estimate of $27.20 million. Northrim BanCorp has generated $3.04 earnings per share over the last year and currently has a price-to-earnings ratio of 9.1. Northrim BanCorp has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, October 26th, 2020 based off prior year’s report dates.
Analyst Opinion on Northrim BanCorp (NASDAQ:NRIM)
Dividend Strength: Northrim BanCorp (NASDAQ:NRIM)
Northrim BanCorp is a leading dividend payer. It pays a dividend yield of 4.44%, putting its dividend yield in the top 25% of dividend-paying stocks. Northrim BanCorp has been increasing its dividend for 10 years. The dividend payout ratio of Northrim BanCorp is 46.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, Northrim BanCorp will have a dividend payout ratio of 82.35% in the coming year. This indicates that Northrim BanCorp may not be able to sustain their current dividend.
Insiders buying/selling: Northrim BanCorp (NASDAQ:NRIM)
In the past three months, Northrim BanCorp insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $10,184.00 in company stock and sold $0.00 in company stock. Only 2.70% of the stock of Northrim BanCorp is held by insiders. 71.49% of the stock of Northrim BanCorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Northrim BanCorp (NASDAQ:NRIM
Earnings for Northrim BanCorp are expected to decrease by -56.52% in the coming year, from $3.91 to $1.70 per share. The P/E ratio of Northrim BanCorp is 9.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.68. The P/E ratio of Northrim BanCorp is 9.05, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.41. Northrim BanCorp has a P/B Ratio of 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
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