Últimas noticias sobre Northrim BanCorp (NASDAQ:NRIM) Bolsa

Northrim BanCorp

Northrim BanCorp Inc is a bank holding company. The Company operates in three reportable segments: Community Banking, Home Mortgage Lending, and Specialty Finance. It generates maximum revenue from the Community Banking segment which offers loan and deposit products to business and consumer customers in its market areas and operates nearly 20 branches throughout Alaska.

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SANM

Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este lunes: T, NUE, NRIM, BRO y SANM.

5 acciones en el foco este lunes: T, NUE, NRIM, BRO y SANM

Northrim BanCorp Inc

Northrim BanCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIM#NASDAQ">NRIM</a>) reported quarterly earnings of $2.38 per share which beat the analyst consensus estimate of $1.68 by 41.67 percent. This is a 60.81 percent increase over earnings of $1.48 per share from the same period last year. The company reported quarterly sales of $31.30 million which missed the analyst consensus estimate of $37.10 million by 15.64 percent. This is a 18.34 percent increase over sales of $26.45 million the same period last year.

Earnings Beats

Earnings Misses

Northrim BanCorp Q1 EPS $2.38 Beats $1.68 Estimate, Sales $31.30M Miss $37.10M Estimate

With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) to report quarterly earnings at 50 cents per share on revenue of $32.04 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. AT&amp;T shares fell 0.3% to $22.65 in after-hours trading.</li>
<li>Analysts are expecting Nucor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) to post quarterly earnings at 65 cents per share on revenue of $6.76 billion. The company will release earnings after the markets close. Nucor shares fell 0.6% to $121.50 in after-hours trading.</li>
<li>Northrim BanCorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIM#NASDAQ">NRIM</a>) posted better-than-expected results for its fourth quarter on Friday. Northrim BanCorp shares gained 0.2% to $80.32 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>After the markets close, Brown &amp; Brown Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) is projected to reported to report quarterly earnings at 77 cents per share on revenue of $1.12 billion. Brown &amp; Brown shares fell 0.2% to $105.81 in after-hours trading.</li>
<li>Analysts expect Sanmina Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANM#NASDAQ">SANM</a>) to post quarterly earnings at $1.36 per share on revenue of $1.98 billion after the closing bell. Sanmina shares gained 0.1% to $84.05 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/25/01/43189390/top-3-materials-stocks-that-may-fall-off-a-cliff-in-january">Top 3 Materials Stocks That May Fall Off A Cliff In January</a></li>
</ul>
Photo courtesy: Shutterstock

AT&T, Nucor And 3 Stocks To Watch Heading Into Monday

Northrim BanCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIM#NASDAQ">NRIM</a>) reported quarterly earnings of $1.95 per share which beat the analyst consensus estimate of $1.64 by 18.9 percent. This is a 63.87 percent increase over earnings of $1.19 per share from the same period last year. The company reported quarterly sales of $30.84 million which beat the analyst consensus estimate of $29.00 million by 6.35 percent. This is a 15.37 percent increase over sales of $26.73 million the same period last year.

Northrim BanCorp Q4 EPS $1.95 Beats $1.64 Estimate, Sales $30.84M Beat $29.00M Estimate

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Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

Northrim BanCorp Acquires Sallyport Commercial Finance In All Cash Transaction Valued At $53.9M

Northrim BanCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIM#NASDAQ">NRIM</a>) reported quarterly earnings of $1.57 per share which beat the analyst consensus estimate of $1.23 by 27.64 percent. This is a 6.08 percent increase over earnings of $1.48 per share from the same period last year. The company reported quarterly sales of $28.842 million which beat the analyst consensus estimate of $27.600 million by 4.50 percent. This is a 9.46 percent increase over sales of $26.350 million the same period last year.

Northrim BanCorp Q3 2024 GAAP EPS $1.57 Beats $1.23 Estimate, Net Interest Income $28.842M Beat $27.600M Estimate

Fifth Third Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fitb#NASDAQ">FITB</a>) rewards shareholders by increasing its quarterly dividend. The company declared a cash dividend of 37 cents per share for third quarter 2024.&nbsp;
This reflects a 6% hike from the prior payout. The dividend will be paid out on Oct. 15, 2024, to shareholders of record as of Sep. 30, 2024.
Before the latest hike, FITB increased its dividend by 6.1% to 35 cents per share in September 2023. The company hiked its dividend five times in the past five years, with an annualized dividend growth of 8.6%.
FITB&#39;s current payout ratio is 40% of its earnings. This indicates that it retains adequate earnings for reinvestment and future growth initiatives while still delivering decent returns to shareholders.
Other finance stocks like U.S. Bancorp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/usb#NYSE">USB</a>) and Northrim BanCorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nrim#NASDAQ">NRIM</a>) also rewarded their investors with an increase in dividends.&nbsp;
This month, USB declared a regular quarterly dividend of 50 cents per common share, marking an increase of 2% from the prior payouts. In August, NRIM hiked its dividends by 1.6%, from their prior payout of 61 cents.
<h2>Fifth Third&#39;s Share Repurchase Plan</h2>
Apart from regular quarterly dividend payouts, FITB has a share buyback program in place.
On July 22, 2024, the company initiated an accelerated share repurchase agreement with a counterparty, through which it paid $200 million on July 23 to repurchase shares of its outstanding common stock. FITB bought back shares of its common stock under the plan of the 100-million shares announced on June 18, 2019. As of June 30, 2024, 28.6 million shares remain available under the authorization. Going forward, it expects to repurchase $200 million worth of shares for each remaining quarter of 2024.
The company&#39;s focus on maintaining a strong liquidity position will support its capital distribution activities.&nbsp;
As of June 30, 2024, the company&#39;s total liquidity of $23.9 billion exceeded its total debt (comprising long-term debt and other short-term borrowings) of $19.7 billion, reflecting manageable debt levels. Its decent cash levels are likely to boost investors&#39; confidence in the stock. As of June 30, Fifth Third&#39;s common equity tier 1 ratio was 10.6%.&nbsp;
Supported by its resilient balance sheet and strong capital position, the company is expected to continue with efficient capital distribution activities.
<h2>Should Investors Consider Watching FITB?</h2>
Fifth Third has been witnessing steady organic growth. Its earnings and revenues witnessed a positive trend in the past years.
<h3>EPS Growth Trend</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/50/77923.jpg?v=852457515" />
<h3>Revenue Growth Trend</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/47/77924.jpg?v=1227192114" />
Further, FITB&#39;s near-term outlook also looks bright. At a recently-concluded Barclays conference, Fifth Third provided an update on its third-quarter outlook. The company expects total revenues to rise 2-3% sequentially in the third quarter from its baseline of $2.2 billion compared with the previous guidance of a 1-2% increase.
Supported by its resilient balance sheet and strong growth profile, the company is expected to continue with efficient capital distribution activities. Also, the latest proposed plan by the regulators will likely support its capital distribution plan.
This month, the Federal Reserve Board&#39;s vice-chair of supervision, Michael Barr, announced an outlined proposed Basel regulation which, if approved, exempts medium-sized banks&nbsp; (with between $100 billion and $250 billion in assets),&nbsp;including Fifth Third, from stringent standards of increased capital requirements.&nbsp; For these banks, the impact of the re-proposal would mainly result from the inclusion of unrealized gains and losses on their securities in regulatory capital, estimated to be equivalent to a 3-4% increase in capital requirements over the long run.&nbsp;
This new capital requirement plan will turn out to be beneficial for FITB as the amount can be utilized for increased capital distribution. Through this, Fifth Third will keep enhancing shareholders&#39; value.
FITB expects its commercial payments to be a $1-billion business in the next five years, driven by accelerated growth in its commercial payment platform through strategic partnerships.
Apart from rewarding its shareholders handsomely, FITB also has bright future prospects which make it a fundamentally strong pick.&nbsp;
In the past six months, shares of Fifth Third have surged 19.9% compared with the industry&#39;s growth of 7.5%.&nbsp;
<h3>Six-Months Price Performance</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/83/77922.jpg?v=1787231019" />
Image Source: Zacks Investment Research
From a valuation standpoint, the firm appears somewhat expensive relative to the industry. The company is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 12.05X, above the industry average of 11.08X.
<h3>P/E F12M</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/37/77925.jpg?v=889747447" />
Image Source: Zacks Investment Research
Hence, investors should not rush to buy FITB stock. Instead, they should keep a close eye on this Zacks Rank #3 (Hold) stock and wait for a better entry point.
<a href="https://www.zacks.com/stock/news/2336692/is-fifth-third-bancorp-stock-worth-watching-post-a-6-dividend-hike?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2336692">To read this article on Zacks.com click here.</a>

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FITB

Is Fifth Third Bancorp Stock Worth Watching Post a 6% Dividend Hike?

Most of us have heard the dictum &quot;the trend is your friend.&quot; And this is undeniably the key to success when it comes to short-term investing or trading. But it isn&#39;t easy to ensure the sustainability of a trend and profit from it.
Often, the direction of a stock&#39;s price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it&#39;s important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going.
Our &quot;Recent Price Strength&quot; screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen:
<h2>Northrim BanCorp</h2>
(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nrim#NASDAQ">NRIM</a>) is one of them. Here are the key reasons why this stock is a solid choice for &quot;trend&quot; investing.
A solid price increase over a period of 12 weeks reflects investors&#39; continued willingness to pay more for the potential upside in a stock. NRIM is quite a good fit in this regard, gaining 24.9% over this period.
However, it&#39;s not enough to look at the price change for around three months, as it doesn&#39;t reflect any trend reversal that might have happened in a shorter time frame. It&#39;s important for a potential winner to maintain the price trend. A price increase of 3.5% over the past four weeks ensures that the trend is still in place for the stock of this holding company for Northrim Bank.
Moreover, NRIM is currently trading at 81.7% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock&#39;s near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Another factor that confirms the company&#39;s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock&#39;s near-term price performance.
So, the price trend in NRIM may not reverse anytime soon.
<a href="https://www.zacks.com/stock/news/2329398/here-s-what-could-help-northrim-nrim-maintain-its-recent-price-strength?cid=CS-BENZ-FT-tale_of_the_tape|recent_price_strength_screen-2329398">To read this article on Zacks.com click here.</a>

Here's What Could Help Northrim Maintain Its Recent Price Strength

Northrim BanCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIM#NASDAQ">NRIM</a>) reported quarterly earnings of $1.62 per share which beat the analyst consensus estimate of $1.31 by 23.66 percent. This is a 65.31 percent increase over earnings of $0.98 per share from the same period last year.

Northrim BanCorp Q2 EPS $1.62 Beats $1.31 Estimate

JPMorgan Chase &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>) remains well-positioned for growth on the back of higher rates, strategic acquisitions and restructuring initiatives, and a resurgence in global deal-making activities. However, challenges in improving fee income because of high mortgage rates and volatile capital market revenues are woes.
JPMorgan&#39;s net interest income (NII) and net yield on interest-earning assets are likely to experience decent growth as the Federal Reserve is expected to keep interest rates high in the near term. However, rising funding and deposit costs will continue to exert pressure on both to some degree. Though NII dipped in 2020 and 2021 amid the low interest rate environment, the metric reflected a five-year (2018-2023) compound annual growth rate (CAGR) of 10.1%. This rise was partially driven by the First Republic Bank&#39;s acquisition in 2023. Similarly, net yield on interest-earning assets expanded to 2.70% in 2023 from 2% in 2022. The uptrend for both metrics continued during the first quarter of 2024 on a year-over-year basis. The company projects NII in 2024 to rise roughly 2.5% to approximately $92 billion.
Despite the rapid growth of mobile and online banking options, JPM remains focused on its footprint expansion in new regions. In February 2024, the company announced plans to open more than 500 new branches by 2027 to strengthen its position as the bank with the largest branch network and a presence in all 48 states of the United States. The company commenced its digital retail bank Chase in the U.K. in 2021 and intends to expand the accessibility of its digital bank across the European Union. JPMorgan is also focused on strengthening the Commercial &amp; Investment Bank&nbsp;and Asset &amp; Wealth Management businesses in China.
While global deal-making activities nearly came to a grinding halt at the start of 2022, JPMorgan remained a top-ranked entity in terms of global investment banking (IB) fees. While the company&#39;s total IB fees (in the CIB segment) slumped 59% in 2022 and 5% in 2023, the company has been observing encouraging signs within the business. During the first quarter of 2024, IB fees surged 21% on a year-over-year basis, with the company holding a market share of 9.1%. The company is expected to see growth in IB fees going forward, given a healthy IB pipeline and active merger &amp; acquisition (M&amp;A) market. It also intends to leverage its top position to amplify the magnitude of the gain due to the changed scenario.
JPMorgan has been expanding via both domestic and global acquisitions. Last year, the company increased its stake in Brazil&#39;s C6 Bank to 46% from 40%, established a strategic alliance with Cleareye.ai, a financial technology firm focused on trade finance and acquired Aumni and First Republic Bank (an FDIC-assisted deal). These deals, along with several others in the past, are likely to keep aiding the bank&#39;s plan to diversify revenues and expand fee income product suite and consumer bank digitally.
JPM currently carries a Zacks Rank #3 (Hold). In the past three months, shares of the company have gained 20% compared with the industry&#39;s growth of 15.4%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/2d/70636.jpg?v=494358631" />
Image Source: Zacks Investment Research
Nonetheless, JPMorgan&#39;s excessive reliance on the performance of the capital markets to generate fee income is a matter of concern. Though increased volatility and a surge in client activity in 2022 led to improved trading performance, the same normalized on a gradual basis thereafter. The market&#39;s revenues dipped 4% on a year-over-year basis in 2023, with the trend continuing during the first quarter of 2024. The volatile nature of the business is likely to make growth challenging moving forward.
JPM&#39;s mortgage fees and related income performance turned dismal amid the continued rise in mortgage rates since 2022. This led to subdued demand for mortgage loans and refinancing. The metric witnessed a negative CAGR of 27.5% over the three years ended 2023. While the trend reversed during the first quarter of 2024, origination volumes and refinancing activities are unlikely to experience solid growth as mortgage rates are likely to stay elevated in the near term.
<h3>Banking Stocks Worth Considering</h3>
Some better-ranked banking stocks worth a look are Northrim BanCorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nrim#NASDAQ">NRIM</a>) and Bank of Marin Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bmrc#NASDAQ">BMRC</a>), each sporting a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for NRIM&#39;s current-year earnings has been revised 12.2% upward in the past 60 days. The company&#39;s shares have risen 5.3% in the past six months.
The Zacks Consensus Estimate for BMRC&#39;s current-year earnings has been revised 5.7% upward in the past week. The company&#39;s shares have lost 22.7% in the past six months.
<a href="https://www.zacks.com/stock/news/2297790/jpmorgan-jpm-strategic-buyouts-aid-amid-fee-income-woes?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2297790">To read this article on Zacks.com click here.</a>

Federal Reserve

JPMorgan Strategic Buyouts Aid Amid Fee Income Woes

Most of us have heard the dictum &quot;the trend is your friend.&quot; And this is undeniably the key to success when it comes to short-term investing or trading. But it isn&#39;t easy to ensure the sustainability of a trend and profit from it.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Our &quot;Recent Price Strength&quot; screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
Northrim BanCorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nrim#NASDAQ">NRIM</a>) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for &quot;trend&quot; investors.
A solid price increase over a period of 12 weeks reflects investors&#39; continued willingness to pay more for the potential upside in a stock. NRIM is quite a good fit in this regard, gaining 18.8% over this period.
However, it&#39;s not enough to look at the price change for around three months, as it doesn&#39;t reflect any trend reversal that might have happened in a shorter time frame. It&#39;s important for a potential winner to maintain the price trend. A price increase of 18.4% over the past four weeks ensures that the trend is still in place for the stock of this holding company for Northrim Bank.
Moreover, NRIM is currently trading at 93.5% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock&#39;s near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Another factor that confirms the company&#39;s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock&#39;s near-term price performance.
So, the price trend in NRIM may not reverse anytime soon.
In addition to NRIM, there are several other stocks that currently pass through our &quot;Recent Price Strength&quot; screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past.
<a href="https://www.zacks.com/stock/news/2282505/northrim-nrim-is-a-great-choice-for-trend-investors-here-s-why?cid=CS-BENZ-FT-tale_of_the_tape|recent_price_strength_screen-2282505">To read this article on Zacks.com click here.</a>

Northrim Is a Great Choice for 'Trend' Investors, Here's Why

Northrim BanCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIM#NASDAQ">NRIM</a>) reported quarterly earnings of $1.48 per share which beat the analyst consensus estimate of $1.05 by 40.95 percent. This is a 76.19 percent increase over earnings of $0.84 per share from the same period last year.

Northrim BanCorp Q1 EPS $1.48 Beats $1.05 Estimate

With U.S. stock futures trading mixed this morning on Monday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) to report quarterly earnings at $4.93 per share on revenue of $3.06 billion after the closing bell. Super Micro Computer shares rose 0.5% to $476.38 in after-hours trading.
Northrim BanCorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nrim#NASDAQ">NRIM</a>) said its board authorized repurchase of up to additional 110,000 shares of its common stock. Northrim BanCorp shares gained 0.3% to close at $53.60 on Friday.
Analysts are expecting Nucor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nue#NYSE">NUE</a>) to earn $2.87 per share on revenue of $7.65 billion for the latest quarter. The company will release earnings after the markets close. Nucor shares gained 0.5% to $175.88 in after-hours trading.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
After the closing bell, F5, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ffiv#NASDAQ">FFIV</a>) is projected to report quarterly earnings at $3.04 per share on revenue of $685.34 million. F5 shares gained 2% to $187.36 in the after-hours trading session.
Analysts expect Whirlpool Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/whr#NYSE">WHR</a>) to post quarterly earnings at $3.56 per share on revenue of $4.98 billion after the closing bell. Whirlpool shares gained 0.5% to $116.55 in after-hours trading.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36796525/cramer-praises-asset-managers-amazing-quarter-but-as-for-solaredge-too-hard-to-own"> Cramer Praises Asset Manager&#39;s &#39;Amazing Quarter,&#39; But As For SolarEdge? &#39;Too Hard To Own&#39; </a>

FFIV

SMCI

Nucor, Super Micro Computer And 3 Stocks To Watch Heading Into Monday

Northrim Authorized Repurchase Of Up To Additional 110,000 Shares Of Its Common Stock

Northrim BanCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIM#NASDAQ">NRIM</a>) reported quarterly earnings of $1.19 per share which missed the analyst consensus estimate of $1.24 by 4.03 percent. This is a 19.59 percent decrease over earnings of $1.48 per share from the same period last year.

Northrim BanCorp Q4 EPS $1.19 Misses $1.24 Estimate

At the end of December 22, 2023, Northrim BanCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIM#NASDAQ">NRIM</a>) will reward its shareholders with a dividend payout of $0.60 per share, demonstrating an annualized dividend yield of 4.86%. Remember, only investors who held the stock before the ex-dividend date on December 13, 2023 will receive this payout.
<h3>Northrim BanCorp Recent Dividend Payouts</h3>
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<th>Ex-Date</th>
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<th>Record</th>
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<td>2023-12-13</td>
<td style="text-align: right;">4</td>
<td>$0.6</td>
<td>4.86%</td>
<td>2023-12-01</td>
<td>2023-12-14</td>
<td>2023-12-22</td>
</tr>
<tr>
<td>2023-09-06</td>
<td style="text-align: right;">4</td>
<td>$0.6</td>
<td>5.62%</td>
<td>2023-08-25</td>
<td>2023-09-07</td>
<td>2023-09-15</td>
</tr>
<tr>
<td>2023-06-07</td>
<td style="text-align: right;">4</td>
<td>$0.6</td>
<td>6.19%</td>
<td>2023-05-26</td>
<td>2023-06-08</td>
<td>2023-06-16</td>
</tr>
<tr>
<td>2023-03-08</td>
<td style="text-align: right;">4</td>
<td>$0.6</td>
<td>4.57%</td>
<td>2023-02-24</td>
<td>2023-03-09</td>
<td>2023-03-17</td>
</tr>
<tr>
<td>2022-12-14</td>
<td style="text-align: right;">4</td>
<td>$0.5</td>
<td>3.58%</td>
<td>2022-12-02</td>
<td>2022-12-15</td>
<td>2022-12-23</td>
</tr>
<tr>
<td>2022-09-07</td>
<td style="text-align: right;">4</td>
<td>$0.5</td>
<td>4.94%</td>
<td>2022-08-26</td>
<td>2022-09-08</td>
<td>2022-09-16</td>
</tr>
<tr>
<td>2022-06-08</td>
<td style="text-align: right;">4</td>
<td>$0.41</td>
<td>3.94%</td>
<td>2022-05-27</td>
<td>2022-06-09</td>
<td>2022-06-17</td>
</tr>
<tr>
<td>2022-03-09</td>
<td style="text-align: right;">4</td>
<td>$0.41</td>
<td>3.95%</td>
<td>2022-02-25</td>
<td>2022-03-10</td>
<td>2022-03-18</td>
</tr>
<tr>
<td>2021-12-15</td>
<td style="text-align: right;">4</td>
<td>$0.38</td>
<td>3.43%</td>
<td>2021-12-03</td>
<td>2021-12-16</td>
<td>2021-12-23</td>
</tr>
<tr>
<td>2021-09-08</td>
<td style="text-align: right;">4</td>
<td>$0.38</td>
<td>3.74%</td>
<td>2021-08-27</td>
<td>2021-09-09</td>
<td>2021-09-17</td>
</tr>
<tr>
<td>2021-06-09</td>
<td style="text-align: right;">4</td>
<td>$0.37</td>
<td>3.43%</td>
<td>2021-05-28</td>
<td>2021-06-10</td>
<td>2021-06-18</td>
</tr>
<tr>
<td>2021-03-10</td>
<td style="text-align: right;">4</td>
<td>$0.37</td>
<td>4.05%</td>
<td>2021-02-26</td>
<td>2021-03-11</td>
<td>2021-03-19</td>
</tr>
</tbody>
</table>
Northrim BanCorp's dividend yield falls in the middle range when compared to its industry peers, with First of Long Island (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLIC#NASDAQ">FLIC</a>) having the highest annualized dividend yield at 6.18%.
<h3>Analyzing Northrim BanCorp Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1703257519_0.png" alt="dividend chart graph" />
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $1.26 in 2019 to $1.82 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
<h3>YoY Earnings Growth For Northrim BanCorp</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1703257519_1.png" alt="earning chart graph" />
Investors can observe a growth in earnings for Northrim BanCorp from 2019 to 2022, as earnings per share increased from $3.04 to $5.10. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
<h3>Recap</h3>
This article delves into the recent dividend payout of Northrim BanCorp and its implications for shareholders. Presently, the company is distributing a dividend of $0.60 per share, leading to an annualized dividend yield of 4.86%.
Northrim BanCorp's dividend yield falls in the middle range when compared to its industry peers, with First of Long Island having the highest annualized dividend yield at 6.18%.
The upward trend in dividend per share and earnings per share for Northrim BanCorp from 2019 to 2022 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
\To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Thriving with Robust Performance: Northrim BanCorp Delivers Growing Profits to Investors

Tuesday marks the last chance for investors to receive the next dividend payout from Northrim BanCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIM#NASDAQ">NRIM</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a quarterly dividend of 60 cents per share. On Wednesday, Northrim BanCorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 60 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own NRIM as of the end of Tuesday's session are eligible to receive the 60 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 22, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Northrim BanCorp's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

Northrim BanCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIM#NASDAQ">NRIM</a>) reported quarterly earnings of $1.48 per share which beat the analyst consensus estimate of $1.25 by 18.4 percent. This is a 15.91 percent decrease over earnings of $1.76 per share from the same period last year. The company reported quarterly sales of $26.35 million which beat the analyst consensus estimate of $25.50 million by 3.33 percent. This is a 0.15 percent increase over sales of $26.31 million the same period last year.

Northrim BanCorp Q3 EPS $1.48 Beats $1.25 Estimate, Sales $26.35M Beat $25.50M Estimate

By the end of today, September 15, 2023, Northrim BanCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIM#NASDAQ">NRIM</a>) is set to deliver a dividend payout of $0.60 per share, equating to an annualized dividend yield of 5.62%. Shareholders who owned the stock prior to the ex-dividend date on September 06, 2023 will receive this payout.
<h3>Northrim BanCorp Recent Dividend Payouts</h3>
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 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th align="right">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-09-06</td>
<td align="right">4</td>
<td>$0.6</td>
<td>5.62%</td>
<td>2023-08-25</td>
<td>2023-09-07</td>
<td>2023-09-15</td>
</tr>
<tr>
<td>2023-06-07</td>
<td align="right">4</td>
<td>$0.6</td>
<td>6.19%</td>
<td>2023-05-26</td>
<td>2023-06-08</td>
<td>2023-06-16</td>
</tr>
<tr>
<td>2023-03-08</td>
<td align="right">4</td>
<td>$0.6</td>
<td>4.57%</td>
<td>2023-02-24</td>
<td>2023-03-09</td>
<td>2023-03-17</td>
</tr>
<tr>
<td>2022-12-14</td>
<td align="right">4</td>
<td>$0.5</td>
<td>3.58%</td>
<td>2022-12-02</td>
<td>2022-12-15</td>
<td>2022-12-23</td>
</tr>
<tr>
<td>2022-09-07</td>
<td align="right">4</td>
<td>$0.5</td>
<td>4.94%</td>
<td>2022-08-26</td>
<td>2022-09-08</td>
<td>2022-09-16</td>
</tr>
<tr>
<td>2022-06-08</td>
<td align="right">4</td>
<td>$0.41</td>
<td>3.94%</td>
<td>2022-05-27</td>
<td>2022-06-09</td>
<td>2022-06-17</td>
</tr>
<tr>
<td>2022-03-09</td>
<td align="right">4</td>
<td>$0.41</td>
<td>3.95%</td>
<td>2022-02-25</td>
<td>2022-03-10</td>
<td>2022-03-18</td>
</tr>
<tr>
<td>2021-12-15</td>
<td align="right">4</td>
<td>$0.38</td>
<td>3.43%</td>
<td>2021-12-03</td>
<td>2021-12-16</td>
<td>2021-12-23</td>
</tr>
<tr>
<td>2021-09-08</td>
<td align="right">4</td>
<td>$0.38</td>
<td>3.74%</td>
<td>2021-08-27</td>
<td>2021-09-09</td>
<td>2021-09-17</td>
</tr>
<tr>
<td>2021-06-09</td>
<td align="right">4</td>
<td>$0.37</td>
<td>3.43%</td>
<td>2021-05-28</td>
<td>2021-06-10</td>
<td>2021-06-18</td>
</tr>
<tr>
<td>2021-03-10</td>
<td align="right">4</td>
<td>$0.37</td>
<td>4.05%</td>
<td>2021-02-26</td>
<td>2021-03-11</td>
<td>2021-03-19</td>
</tr>
<tr>
<td>2020-12-16</td>
<td align="right">4</td>
<td>$0.35</td>
<td>4.34%</td>
<td>2020-12-04</td>
<td>2020-12-17</td>
<td>2020-12-24</td>
</tr>
</tbody>
</table>
Northrim BanCorp is the leader in terms of dividend yield compared to its industry peers, with BCB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCBP#NASDAQ">BCBP</a>) having the highest annualized dividend yield at 5.33%.
<h3>Analyzing Northrim BanCorp Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1694790327_0.png" alt="dividend chart graph" />
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $1.26 in 2019 to $1.82 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
<h3>YoY Earnings Growth For Northrim BanCorp</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1694790327_1.png" alt="earning chart graph" />
The earnings chart illustrates an increase in Northrim BanCorp's earnings per share, from $3.04 in 2019 to $5.10 in 2022. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
<h3>Recap</h3>
This article takes an in-depth look at Northrim BanCorp's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.60 per share today, translating to an annualized dividend yield of 5.62%.
Northrim BanCorp is the leader in terms of dividend yield compared to its industry peers, with BCB Bancorp having the highest annualized dividend yield at 5.33%.
Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, Northrim BanCorp appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates in financials or dividend disbursements.
[Click here](<a href="https://www.benzinga.com/stock//dividends" title="https://www.benzinga.com/stock//dividends">https://www.benzinga.com/stock//dividends</a>) to find details on Northrim BanCorp's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BCBP

Northrim BanCorp Exceeds Expectations with Strong Performance, Driving Profits and Rewarding Investors

<h3>What Defines a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the financial services sector:</h2>
<ol>
<li>Northrim BanCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIM#NASDAQ">NRIM</a>) - P/E: 8.05</li>
<li>Bank of Hawaii (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOH#NYSE">BOH</a>) - P/E: 9.71</li>
<li>Dime Community Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCOM#NASDAQ">DCOM</a>) - P/E: 5.78</li>
<li>Banco Itau (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITCL#NYSE">ITCL</a>) - P/E: 4.61</li>
<li>S&amp;T Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STBA#NASDAQ">STBA</a>) - P/E: 6.98</li>
</ol>
Most recently, Northrim BanCorp reported earnings per share at $0.98, whereas in Q1 earnings per share sat at $0.84. Its most recent dividend yield is at 5.62%, which has decreased by 0.57% from 6.19% in the previous quarter.
Bank of Hawaii saw a decrease in earnings per share from 1.14 in Q1 to $1.12 now. Most recently, the company reported a dividend yield of 5.22%, which has decreased by 0.52% from last quarter's yield of 5.74%.
Most recently, Dime Community Bancshares reported earnings per share at $0.68, whereas in Q1 earnings per share sat at $0.95. Most recently, the company reported a dividend yield of 5.61%, which has increased by 2.3% from last quarter's yield of 3.31%.
Banco Itau saw an increase in earnings per share from 0.15 in Q1 to $1.28 now. S&amp;T Bancorp has reported Q2 earnings per share at $0.89, which has decreased by 12.75% compared to Q1, which was 1.02. Its most recent dividend yield is at 4.2%, which has decreased by 0.61% from 4.81% in the previous quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

ITCL

STBA

A Look Into Financial Services Sector Value Stocks

Press Releases

Northrim BanCorp Earns $9.0 Million, or $1.62 Per Diluted Share, in Second Quarter 2024

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.62 per Share

Northrim BanCorp Earns $8.8 Million, or $1.57 Per Diluted Share, in Third Quarter 2024

Northrim BanCorp Announces Acquisition of Sallyport Commercial Finance, LLC

Management

Northrim BanCorp, Inc. Appoints Shauna Hegna to its Board of Directors

Northrim BanCorp Earns $10.9 Million, or $1.95 Per Diluted Share, in Fourth Quarter 2024, and $37.0 Million, or $6.62 Per Diluted Share, for the Year Ended December 31, 2024

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.64 per Share

Northrim BanCorp Earns $13.3 Million, or $2.38 Per Diluted Share, in First Quarter 2025

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