Northrim BanCorp (NRIM) Stock Price, News & Analysis

Company Overview

Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. It operates through two segments, Community Banking and Home Mortgage Lending. The company offers noninterest-bearing checking accounts and interest-bearing time deposits, checking and savings accounts, individual retirement and money market deposit accounts, certificates of deposit, and business sweep accounts. It also provides short and medium-term commercial loans, commercial credit lines, construction and real estate loans, and consumer loans, as well as short-term working capital. In addition, the company offers other services comprising consumer and business online banking, mobile app, and mobile deposits; and debit and credit cards. Further, it provides mobile web and app banking, consumer online account opening, personal finance, online documents, consumer debit cards, business debit cards, my rewards for consumer debit cards, retail lockbox, card control, corporate purchase cards, integrated payables, home equity advantage access cards, telebanking, and automated teller services. Additionally, the company offers personalized checks at account opening, overdraft protection from a savings account, commercial drive-up banking, automatic transfer and payment, People Pay, external transfer, Bill Pay, wire transfer, direct payroll deposit, electronic tax payment, Automated Clearing House origination and receipt, remote deposit capture, account reconciliation and positive pay, merchant, cash management, annuity, and long-term investment portfolio products and services. It also provides investment advisory, trust, wealth management, factoring, and mortgage services. The company was founded in 1990 and is headquartered in Anchorage, Alaska.

Key Stats

• Today's Range: $75.57 to $78.45
• 50-Day Range: $64.07 to $88.50
• 52-Week Range: $43.92 to $91.72
• Volume: 71,402 shs
• Average Volume: 18,535 shs
• Market Capitalization: $420.79 million
• P/E Ratio: 13.05
• Dividend Yield: 3.24%
• Price Target: $96.50
• Consensus Rating: Buy

Northrim BanCorp Stock Analysis - MarketRank™

Northrim BanCorp scored higher than 97% of companies evaluated by MarketBeat, and ranked 31st out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Northrim BanCorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Northrim BanCorp has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 24.76%

Earnings Growth

Earnings for Northrim BanCorp are expected to grow by 24.76% in the coming year, from $6.38 to $7.96 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Northrim BanCorp is 13.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.49.

Price to Earnings Ratio vs. Sector

The P/E ratio of Northrim BanCorp is 13.05, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 28.17.

Price to Book Value per Share Ratio

Northrim BanCorp has a P/B Ratio of 1.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.82% of the float of Northrim BanCorp has been sold short.

Short Interest Ratio / Days to Cover

Northrim BanCorp has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Northrim BanCorp has recently decreased by 6.81%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Northrim BanCorp pays a meaningful dividend of 2.91%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Northrim BanCorp has been increasing its dividend for 15 years.

Dividend Coverage

The dividend payout ratio of Northrim BanCorp is 42.32%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Northrim BanCorp will have a dividend payout ratio of 31.16% next year. This indicates that Northrim BanCorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.82% of the float of Northrim BanCorp has been sold short.

Short Interest Ratio / Days to Cover

Northrim BanCorp has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Northrim BanCorp has recently decreased by 6.81%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.50

News Sentiment

Northrim BanCorp has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.78 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Northrim BanCorp this week, compared to 1 article on an average week.

Search Interest

3 people have searched for NRIM on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

MarketBeat Follows

2 people have added Northrim BanCorp to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Northrim BanCorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $201,450.00 in company stock.

Percentage Held by Insiders

Only 4.10% of the stock of Northrim BanCorp is held by insiders.

Percentage Held by Institutions

65.99% of the stock of Northrim BanCorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NRIM Stock Analysis - Frequently Asked Questions

How have NRIM shares performed this year?

Northrim BanCorp's stock was trading at $57.21 at the start of the year. Since then, NRIM shares have increased by 33.7% and is now trading at $76.48.
View the best growth stocks for 2024 here.

How were Northrim BanCorp's earnings last quarter?

Northrim BanCorp, Inc. (NASDAQ:NRIM) posted its earnings results on Wednesday, July, 24th. The financial services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.31. The financial services provider earned $46.49 million during the quarter, compared to analysts' expectations of $35 million. Northrim BanCorp had a net margin of 17.79% and a trailing twelve-month return on equity of 13.31%.

Who are Northrim BanCorp's major shareholders?

Top institutional shareholders of Northrim BanCorp include The Manufacturers Life Insurance Company (3.92%), Geode Capital Management LLC (2.31%), State Street Corp (1.96%) and Hotchkis & Wiley Capital Management LLC (1.76%). Insiders that own company stock include Joseph M Schierhorn, David W Karp, David J Mccambridge, John C Swalling, Jed W Ballard, Krystal Murphy Nelson, Aaron Michael Schutt, David G Wight, Joseph Marushack, Larry S Cash, Linda C Thomas, Marilyn Romano and Karl L Hanneman.
View institutional ownership trends.

How do I buy shares of Northrim BanCorp?

Shares of NRIM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Northrim BanCorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Northrim BanCorp investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), Southern First Bancshares (SFST) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 7/24/2024
• Ex-Dividend for 12/27 Dividend: 12/19/2024
• Today: 12/21/2024
• Dividend Payable: 12/27/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Federal savings institutions
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:NRIM
• CUSIP: 66676210
• CIK: 1163370
• Web: www.northrim.com
• Phone: (907) 562-0062
• Fax: 907-562-1758
• Employees: 450
• Year Founded: 1990

Price Target and Rating

• Average Stock Price Target: $96.50
• High Stock Price Target: $96.50
• Low Stock Price Target: $96.50
• Potential Upside/Downside: +26.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.86
• Trailing P/E Ratio: 13.05
• Forward P/E Ratio: 11.99
• P/E Growth: N/A
• Net Income: $25.39 million
• Net Margins: 17.79%
• Pretax Margin: 22.90%
• Return on Equity: 13.31%
• Return on Assets: 1.15%

Debt

• Debt-to-Equity Ratio: 0.09
• Current Ratio: 0.85
• Quick Ratio: 0.81

Sales & Book Value

• Annual Sales: $144.57 million
• Price / Sales: 2.91
• Cash Flow: $4.80 per share
• Price / Cash Flow: 15.92
• Book Value: $41.54 per share
• Price / Book: 1.84

Miscellaneous

• Outstanding Shares: 5,502,000
• Free Float: 5,276,000
• Market Cap: $420.79 million
• Optionable: Not Optionable
• Beta: 0.81