Shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a one year consensus price target of $36.00 for the company and are predicting that the company will post $0.42 EPS for the current quarter, according to Zacks. Zacks has also given Northrim BanCorp an industry rank of 70 out of 265 based on the ratings given to related companies.
A number of brokerages have recently issued reports on NRIM. ValuEngine downgraded Northrim BanCorp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research downgraded Northrim BanCorp from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th.
Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Northrim BanCorp by 6.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 558,458 shares of the financial services provider’s stock worth $19,518,000 after buying an additional 35,888 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Northrim BanCorp by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 240,905 shares of the financial services provider’s stock worth $7,323,000 after buying an additional 1,773 shares in the last quarter. FMR LLC raised its stake in shares of Northrim BanCorp by 10.2% during the 2nd quarter. FMR LLC now owns 172,608 shares of the financial services provider’s stock worth $5,247,000 after buying an additional 15,939 shares in the last quarter. State Street Corp raised its stake in shares of Northrim BanCorp by 16.2% during the 2nd quarter. State Street Corp now owns 107,072 shares of the financial services provider’s stock worth $3,255,000 after buying an additional 14,921 shares in the last quarter. Finally, Seizert Capital Partners LLC purchased a new position in shares of Northrim BanCorp during the 3rd quarter worth approximately $3,419,000. 71.87% of the stock is owned by institutional investors and hedge funds.
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Northrim BanCorp Company Profile
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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