How have NRIM shares performed in 2024?

Northrim BanCorp's stock was trading at $57.21 at the start of the year. Since then, NRIM stock has decreased by 21.3% and is now trading at $45.00. View the best growth stocks for 2024 here .

When is Northrim BanCorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our NRIM earnings forecast .

How were Northrim BanCorp's earnings last quarter?

Northrim BanCorp, Inc. (NASDAQ:NRIM) issued its quarterly earnings data on Thursday, January, 25th. The financial services provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.24 by $0.05. The financial services provider had revenue of $33.22 million for the quarter, compared to analyst estimates of $33.60 million. Northrim BanCorp had a net margin of 16.04% and a trailing twelve-month return on equity of 11.22%.

How often does Northrim BanCorp pay dividends? What is the dividend yield for Northrim BanCorp?

Northrim BanCorp announced a quarterly dividend on Thursday, January 25th. Investors of record on Thursday, March 7th will be paid a dividend of $0.61 per share on Friday, March 15th. This represents a $2.44 annualized dividend and a dividend yield of 5.42%. The ex-dividend date is Wednesday, March 6th. This is an increase from the stock's previous quarterly dividend of $0.60. Read our dividend analysis for NRIM .

Is Northrim BanCorp a good dividend stock?

Northrim BanCorp (NASDAQ:NRIM) pays an annual dividend of $2.44 per share and currently has a dividend yield of 5.41%. NRIM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 54.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NRIM will have a dividend payout ratio of 46.48% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for NRIM .

What is Joe Schierhorn's approval rating as Northrim BanCorp's CEO?

2 employees have rated Northrim BanCorp Chief Executive Officer Joe Schierhorn on Glassdoor.com . Joe Schierhorn has an approval rating of 100% among the company's employees. This puts Joe Schierhorn in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Northrim BanCorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Northrim BanCorp investors own include Cisco Systems (CSCO) , Pfizer (PFE) , Verizon Communications (VZ) , Walt Disney (DIS) , Enterprise Products Partners (EPD) , Altria Group (MO) , AbbVie (ABBV) , Gilead Sciences (GILD) , Home Depot (HD) and AT&T (T) .

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 .

NASDAQ:NRIM

Northrim BanCorp (NRIM) Stock Price, News & Analysis

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Free NRIM Stock Alerts

$45.00

-0.09 (-0.20%)

(As of 04/17/2024 ET)

Compare

Today's Range: $44.31
▼
$45.45
50-Day Range: $45.00
▼
$54.21
52-Week Range: $33.29
▼
$59.90

Volume: 5,590 shs
Average Volume: 8,604 shs
Market Capitalization: $247.50 million

P/E Ratio: 10.02
Dividend Yield: 5.42%
Price Target: N/A

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Northrim BanCorp MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.99% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 5.00%
From $5.00 to $5.25 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.07 out of 5 stars

Finance Sector

375th out of 848 stocks

Federal Savings Institutions Industry

16th out of 30 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Northrim BanCorp.

4.0

Short Interest

Percentage of Shares Shorted
0.99% 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 4.7.
Change versus previous month
Short interest in Northrim BanCorp has recently decreased by 6.55%, indicating that investor sentiment is improving significantly.

5.0

Dividend Strength

Dividend Leadership
Northrim BanCorp is a leading dividend payer. It pays a dividend yield of 5.41%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Northrim BanCorp has been increasing its dividend for 15 years.
Dividend Coverage
The dividend payout ratio of Northrim BanCorp is 54.34%. 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 46.48% next year. This indicates that Northrim BanCorp will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NRIM.

0.6

News and Social Media Coverage

Search Interest
9 people have searched for NRIM on MarketBeat in the last 30 days. This is an increase of 80% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Northrim BanCorp to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

1.7

Company Ownership

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 4.00% 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Northrim BanCorp are expected to grow by 5.00% in the coming year, from $5.00 to $5.25 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Northrim BanCorp is 10.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.23.
Price to Earnings Ratio vs. Sector
The P/E ratio of Northrim BanCorp is 10.02, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 56.90.
Price to Book Value per Share Ratio
Northrim BanCorp has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Northrim BanCorp Stock (NASDAQ:NRIM)

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.

NRIM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NRIM Stock News Headlines

April 9, 2024 | finance.yahoo.com

Investing in Northrim BanCorp (NASDAQ:NRIM) five years ago would have delivered you a 75% gain

March 29, 2024 | marketwatch.com

Northrim BanCorp President Mike Huston to Add CEO Role, Succeeding Schierhorn

April 18, 2024 | DTI (Ad)

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March 29, 2024 | globenewswire.com

Northrim BanCorp, Inc. Promotes Huston to President and CEO; Schierhorn Remains Chairman

March 29, 2024 | investorplace.com

7 Dividend Stocks to Secure Your Financial Freedom by 2026

March 13, 2024 | finance.yahoo.com

Northrim BanCorp Full Year 2023 Earnings: EPS: US$4.53 (vs US$5.33 in FY 2022)

February 27, 2024 | finance.yahoo.com

Northrim BanCorp Insiders Added US$619.7k Of Stock To Their Holdings

January 31, 2024 | seekingalpha.com

Northrim BanCorp: The Golden Moment Continues

April 18, 2024 | DTI (Ad)

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January 30, 2024 | finance.yahoo.com

Northrim BanCorp (NASDAQ:NRIM) Is Increasing Its Dividend To $0.61

January 27, 2024 | finance.yahoo.com

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.61 per Share

January 27, 2024 | finance.yahoo.com

Northrim BanCorp Inc (NRIM) Reports Decline in Q4 Earnings Amidst Market Challenges

January 27, 2024 | finance.yahoo.com

Northrim BanCorp, Inc. Expands Stock Repurchase Program

January 25, 2024 | finance.yahoo.com

Northrim BanCorp Earns $6.6 million, or $1.19 Per Diluted Share, in Fourth Quarter 2023, and $25.4 Million, or $4.49 Per Diluted Share, for the Year Ended December 31, 2023

January 24, 2024 | finance.yahoo.com

Cathay General (CATY) Beats Q4 Earnings and Revenue Estimates

December 22, 2023 | benzinga.com

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

December 22, 2023 | finance.yahoo.com

Northrim (NRIM) is on the Move, Here's Why the Trend Could be Sustainable

December 9, 2023 | finance.yahoo.com

Northrim BanCorp, Inc. (NASDAQ:NRIM) Looks Interesting, And It's About To Pay A Dividend

December 6, 2023 | finance.yahoo.com

Recent Price Trend in Northrim (NRIM) is Your Friend, Here's Why

December 4, 2023 | finance.yahoo.com

Northrim BanCorp (NRIM)'s Technical Outlook is Bright After Key Golden Cross

November 14, 2023 | finance.yahoo.com

Can Northrim (NRIM) Run Higher on Rising Earnings Estimates?

November 11, 2023 | morningstar.com

Northrim BanCorp Inc NRIM

October 26, 2023 | finance.yahoo.com

Northrim BanCorp Earns $8.4 Million, or $1.48 Per Diluted Share, in Third Quarter 2023

October 26, 2023 | finance.yahoo.com

Northrim BanCorp Inc (NRIM) Reports Q3 2023 Earnings of $8.4 Million

October 25, 2023 | finance.yahoo.com

Investors in Northrim BanCorp (NASDAQ:NRIM) have seen notable returns of 44% over the past three years

October 3, 2023 | fool.com

Northrim BanCorp (NASDAQ: NRIM)

September 28, 2023 | finance.yahoo.com

With 63% ownership, Northrim BanCorp, Inc. (NASDAQ:NRIM) boasts of strong institutional backing

See More Headlines

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Company Calendar

Last Earnings: 1/25/2024
Ex-Dividend for 3/15 Dividend: 3/06/2024
Dividend Payable: 3/15/2024
Today: 4/18/2024
Next Earnings (Estimated): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

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: 472
Year Founded: 1990

Profitability

EPS (Most Recent Fiscal Year): $4.49
Trailing P/E Ratio: 10.02
Forward P/E Ratio: 9.00
P/E Growth: N/A
Net Income: $25.39 million
Net Margins: 16.04%
Pretax Margin: 19.96%
Return on Equity: 11.22%
Return on Assets: 0.94%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 0.79
Quick Ratio: 0.78

Sales & Book Value

Annual Sales: $158.33 million
Price / Sales: 1.56
Cash Flow: $5.26 per share
Price / Cash Flow: 8.55
Book Value: $41.54 per share
Price / Book: 1.08

Miscellaneous

Outstanding Shares: 5,500,000
Free Float: 5,280,000
Market Cap: $247.50 million
Optionable: Not Optionable
Beta: 0.70

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Key Executives

Mr. Joseph M. Schierhorn (Age 66)
Chairman, President, CEO & COO
Comp: $881.07k
Mr. Jed W. Ballard CPA (Age 44)
Executive VP & CFO
Comp: $470.46k
Mr. Benjamin D. Craig (Age 49)
Executive VP & Chief Information Officer of Northrim Bank
Comp: $386.05k
Mr. Michael G. Huston (Age 56)
President of Northrim Bank
Comp: $515.6k
Mr. Michael C. Baldwin (Age 57)
President & COO of Residential Mortgage, LLC
Comp: $451.51k
Ms. Lynn A. Wolfe
Executive VP & Chief Administrative Officer
Ms. Kari Skinner
Senior VP & Marketing and Communications Director
Ms. Latosha M. Frye (Age 45)
Senior VP & Corporate Accounting Manager
Comp: $323.87k
Mr. Mark D. Edwards
Executive VP, Chief Credit Officer & Bank Economist
Ms. Amber R. Zins
Executive & COO of Northrim Bank

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NRIM Stock Analysis - Frequently Asked Questions

How have NRIM shares performed in 2024?: Northrim BanCorp's stock was trading at $57.21 at the start of the year. Since then, NRIM stock has decreased by 21.3% and is now trading at $45.00.
View the best growth stocks for 2024 here.
When is Northrim BanCorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our NRIM earnings forecast.
How were Northrim BanCorp's earnings last quarter?: Northrim BanCorp, Inc. (NASDAQ:NRIM) issued its quarterly earnings data on Thursday, January, 25th. The financial services provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.24 by $0.05. The financial services provider had revenue of $33.22 million for the quarter, compared to analyst estimates of $33.60 million. Northrim BanCorp had a net margin of 16.04% and a trailing twelve-month return on equity of 11.22%.
How often does Northrim BanCorp pay dividends? What is the dividend yield for Northrim BanCorp?: Northrim BanCorp announced a quarterly dividend on Thursday, January 25th. Investors of record on Thursday, March 7th will be paid a dividend of $0.61 per share on Friday, March 15th. This represents a $2.44 annualized dividend and a dividend yield of 5.42%. The ex-dividend date is Wednesday, March 6th. This is an increase from the stock's previous quarterly dividend of $0.60.
Read our dividend analysis for NRIM.

Is Northrim BanCorp a good dividend stock?: Northrim BanCorp (NASDAQ:NRIM) pays an annual dividend of $2.44 per share and currently has a dividend yield of 5.41%. NRIM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 54.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NRIM will have a dividend payout ratio of 46.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NRIM.
What is Joe Schierhorn's approval rating as Northrim BanCorp's CEO?: 2 employees have rated Northrim BanCorp Chief Executive Officer Joe Schierhorn on Glassdoor.com. Joe Schierhorn has an approval rating of 100% among the company's employees. This puts Joe Schierhorn in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Northrim BanCorp own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Northrim BanCorp investors own include Cisco Systems (CSCO), Pfizer (PFE), Verizon Communications (VZ), Walt Disney (DIS), Enterprise Products Partners (EPD), Altria Group (MO), AbbVie (ABBV), Gilead Sciences (GILD), Home Depot (HD) and AT&T (T).
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.

This page (NASDAQ:NRIM) was last updated on 4/18/2024 by MarketBeat.com Staff

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Northrim BanCorp (NRIM) Stock Price, News & Analysis

Northrim BanCorp MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Northrim BanCorp Stock (NASDAQ:NRIM)

NRIM Stock Price History

NRIM Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

NRIM Stock Analysis - Frequently Asked Questions

Overall MarketRank^™