Northrim BanCorp (NRIM) Stock Price, News & Analysis

Company Overview

Northrim BanCorp (NASDAQ: NRIM) is a bank holding company headquartered in Anchorage, Alaska, serving commercial and consumer customers across the state. Founded in 1990, the firm operates through its wholly owned subsidiary, Northrim Bank, which has grown its branch network in Anchorage, Fairbanks, Palmer, Eagle River and the Matanuska-Susitna Valley. From its inception, Northrim has focused on delivering relationship-based banking services tailored to the unique economic drivers of Alaska, including energy, natural resources, real estate development and tourism.

Northrim Bank offers a full suite of deposit and lending products designed for both businesses and individuals. Commercial clients benefit from customized lending solutions, treasury management services, letters of credit and equipment financing, while consumer customers have access to checking and savings accounts, home mortgages, home equity lines of credit and personal loans. The bank has invested in digital banking platforms that enable online account opening, mobile deposits and secure payment processing, ensuring customers in remote locations can manage their finances with ease.

Beyond traditional banking, Northrim BanCorp provides trust and wealth management services through Northrim Financial, its investment advisory arm. Clients can access retirement planning, investment portfolio management, estate settlement and fiduciary services backed by a team of experienced trust officers and financial advisors. The company’s emphasis on local decision-making allows it to deliver personalized strategies that align with the long-term goals of individuals, families and privately held businesses in Alaska.

Guided by a seasoned executive leadership team with deep roots in the Alaskan community, Northrim BanCorp has built a reputation for stability, customer service and community engagement. The company’s board and senior management bring decades of regional banking expertise, supporting growth through strategic acquisitions and organic expansion. Northrim remains committed to reinvesting in the local economy, supporting nonprofit initiatives and fostering sustainable development across Alaska’s diverse communities.

Key Stats

• Today's Range: $97.38 to $99.33
• 50-Day Range: $79.25 to $98.97
• 52-Week Range: $55.35 to $99.33
• Volume: 26,446 shs
• Average Volume: 37,084 shs
• Market Capitalization: $546.31 million
• P/E Ratio: 13.16
• Dividend Yield: 2.59%
• Price Target: $104.00
• Consensus Rating: Buy

Northrim BanCorp Stock Analysis - MarketRank™

Northrim BanCorp scored higher than 68% of companies evaluated by MarketBeat, and ranked 436th out of 907 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: 1.5 / 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: 1.9 / 5
• Proj. Earnings Growth: 4.97%

Earnings Growth

Earnings for Northrim BanCorp are expected to grow by 4.97% in the coming year, from $8.05 to $8.45 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Northrim BanCorp is 13.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Northrim BanCorp is 13.16, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.05.

Price to Book Value per Share Ratio

Northrim BanCorp has a P/B Ratio of 2.04. 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

1.23% 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 1.4, 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 6.53%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Northrim BanCorp pays a meaningful dividend of 2.58%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Northrim BanCorp has been increasing its dividend for 16 years.

Dividend Coverage

The dividend payout ratio of Northrim BanCorp is 34.04%. 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 30.30% 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

1.23% 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 1.4, 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 6.53%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.37

News Sentiment

Northrim BanCorp has a news sentiment score of 0.37. 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 0.73 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Northrim BanCorp this week, compared to 2 articles on an average week.

Search Interest

Only 2 people have searched for NRIM on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Northrim BanCorp to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Northrim BanCorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.90% 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 $77.94 on January 1st, 2025. Since then, NRIM shares have increased by 27.0% and is now trading at $98.97.

How were Northrim BanCorp's earnings last quarter?

Northrim BanCorp Inc (NASDAQ:NRIM) issued its earnings results on Wednesday, April, 23rd. The financial services provider reported $2.38 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.82. The financial services provider had revenue of $45.50 million for the quarter, compared to the consensus estimate of $44.10 million. Northrim BanCorp had a trailing twelve-month return on equity of 15.97% and a net margin of 20.23%.

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.

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: 4/23/2025
• Record date for 6/13 Dividend: 6/05/2025
• Ex-Dividend for 6/13 Dividend: 6/05/2025
• Dividend Payable: 6/13/2025
• Today: 7/05/2025
• Next Earnings (Estimated): 7/23/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - WEST
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:NRIM
• 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: $104.00
• High Stock Price Target: $104.00
• Low Stock Price Target: $104.00
• Potential Upside/Downside: +5.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): $7.52
• Trailing P/E Ratio: 13.16
• Forward P/E Ratio: 12.29
• P/E Growth: N/A
• Net Income: $36.97 million
• Net Margins: 20.23%
• Pretax Margin: 25.98%
• Return on Equity: 15.97%
• Return on Assets: 1.41%

Debt

• Debt-to-Equity Ratio: 0.08
• Current Ratio: 0.88
• Quick Ratio: 0.82

Sales & Book Value

• Annual Sales: $195.96 million
• Price / Sales: 2.79
• Cash Flow: $7.44 per share
• Price / Cash Flow: 13.31
• Book Value: $48.55 per share
• Price / Book: 2.04

Miscellaneous

• Outstanding Shares: 5,520,000
• Free Float: 5,306,000
• Market Cap: $546.31 million
• Optionable: Not Optionable
• Beta: 0.96