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NASDAQ:NRIM

Northrim BanCorp (NRIM) Stock Price, News & Analysis

Northrim BanCorp logo
$88.50 +3.42 (+4.02%)
(As of 11/22/2024 ET)

About Northrim BanCorp Stock (NASDAQ:NRIM)

Key Stats

Today's Range
$85.25
$89.54
50-Day Range
$64.07
$85.08
52-Week Range
$43.92
$89.54
Volume
45,834 shs
Average Volume
17,842 shs
Market Capitalization
$486.75 million
P/E Ratio
15.10
Dividend Yield
2.80%
Price Target
N/A
Consensus Rating
N/A

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.

Northrim BanCorp Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
94th Percentile Overall Score

NRIM MarketRank™: 

Northrim BanCorp scored higher than 94% of companies evaluated by MarketBeat, and ranked 86th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    There is not enough analysis data for Northrim BanCorp.

  • 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 15.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.55.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Northrim BanCorp is 15.10, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.53.

  • Price to Book Value per Share Ratio

    Northrim BanCorp has a P/B Ratio of 1.87. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Northrim BanCorp's valuation and earnings.
  • Percentage of Shares Shorted

    0.93% 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 2.4, 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 20.48%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Northrim BanCorp pays a meaningful dividend of 3.04%, 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.

  • Read more about Northrim BanCorp's dividend.
  • Percentage of Shares Shorted

    0.93% 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 2.4, 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 20.48%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Northrim BanCorp has a news sentiment score of 0.83. 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 news sentiment score is similar to the average news sentiment 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

    Only 1 people have searched for NRIM on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • 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.

  • Read more about Northrim BanCorp's insider trading history.
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NRIM Stock News Headlines

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Northrim BanCorp announces acquisition of Sallyport Commercial Finance
Northrim Bancorp Expands with Sallyport Acquisition
See More Headlines

NRIM Stock Analysis - Frequently Asked Questions

Northrim BanCorp's stock was trading at $57.21 at the beginning of the year. Since then, NRIM shares have increased by 54.7% and is now trading at $88.50.
View the best growth stocks for 2024 here
.

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

Northrim BanCorp's top institutional shareholders 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
.

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.

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 9/13 Dividend
9/05/2024
Dividend Payable
9/13/2024
Today
11/23/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/23/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Federal savings institutions
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:NRIM
CUSIP
66676210
Employees
450
Year Founded
1990

Profitability

Net Income
$25.39 million
Pretax Margin
22.90%

Debt

Sales & Book Value

Annual Sales
$158.33 million
Cash Flow
$5.83 per share
Book Value
$47.26 per share

Miscellaneous

Free Float
5,276,000
Market Cap
$486.75 million
Optionable
Not Optionable
Beta
0.73

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This page (NASDAQ:NRIM) was last updated on 11/23/2024 by MarketBeat.com Staff
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