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Stock impact report

Northrim BanCorp, Inc. Expands Stock Repurchase Program

Northrim BanCorp Inc (NRIM) 
Last northrim bancorp inc earnings: 1/27 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: northrim.com
Company Research Source: GlobeNewswire
ANCHORAGE, Alaska, Jan. 27, 2020 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that its Board of Directors has authorized for repurchase up to an additional 327,000 shares of its common stock, or approximately 5% of the currently issued and outstanding shares.  Prior to the increase, no shares remained available for repurchase under Northrim’s stock repurchase program. “We believe our stock is an attractive investment and repurchasing stock provides a means to build long-term value for our shareholders,” stated Jed Ballard, Chief Financial Officer.  “This addition to our previous repurchase authorization allows us to buyback up to an additional $13.1 million in stock based on current market pricing.  Since inception of the stock repurchase plan, we have repurchased and retired 1,109,927 shares, which we believe contributes to  our return on equity and long-term growth in earnings per share.” The company intends to repurchase its shares in the open marke Show less Read more
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