NASDAQ:NRIM

Northrim BanCorp (NRIM) Stock Forecast, Price & News

$38.82

-0.41 (-1.05%)

(As of 10:33 AM ET)

Compare

Today's Range: $38.82
▼
$39.28
50-Day Range: $39.15
▼
$49.64
52-Week Range: $33.29
▼
$56.77

Volume: 804 shs
Average Volume: 31,210 shs
Market Capitalization: $219.33 million

P/E Ratio: 7.67
Dividend Yield: 6.18%
Price Target: N/A

Northrim BanCorp MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.55% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$48,900 Sold Last Quarter
Proj. Earnings Growth: 8.43%
From $4.15 to $4.50 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.87 out of 5 stars

Finance Sector

136th out of 836 stocks

Federal Savings Institutions Industry

5th out of 30 stocks

N/A

Analyst's Opinion

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

3.0

Short Interest

Percentage of Shares Shorted
1.55% 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 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Northrim BanCorp has recently increased by 13.70%, indicating that investor sentiment is decreasing significantly.

5.0

Dividend Strength

Dividend Leadership
Northrim BanCorp is a leading dividend payer. It pays a dividend yield of 6.09%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Northrim BanCorp has been increasing its dividend for 14 years.
Dividend Coverage
The dividend payout ratio of Northrim BanCorp is 47.43%. 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 53.33% 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.

1.7

News and Social Media Coverage

News Sentiment
Northrim BanCorp has a news sentiment score of 0.05. 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 0.72 average news sentiment score of Finance companies.
MarketBeat Follows
3 people have added Northrim BanCorp to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

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 $48,900.00 in company stock.
Percentage Held by Insiders
Only 4.00% of the stock of Northrim BanCorp is held by insiders.
Percentage Held by Institutions
64.53% of the stock of Northrim BanCorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Northrim BanCorp are expected to grow by 8.43% in the coming year, from $4.15 to $4.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Northrim BanCorp is 7.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of Northrim BanCorp is 7.75, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 86.33.
Price to Book Value per Share Ratio
Northrim BanCorp has a P/B Ratio of 1.02. 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

About Northrim BanCorp (NASDAQ:NRIM) Stock

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 in 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 text 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 brokerage services. The company was founded in 1990 and is headquartered in Anchorage, Alaska.

NRIM Price History

30 days | 90 days | 365 days | Advanced Chart

NRIM Stock News Headlines

September 15, 2023 | finance.yahoo.com

Director Linda Thomas Sells 1,200 Shares of Northrim BanCorp Inc

August 31, 2023 | msn.com

Northrim Bancorp (NRIM) Price Target Increased by 16.00% to 59.16

September 22, 2023 | Behind the Markets (Ad)

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August 26, 2023 | finance.yahoo.com

Insider Stock Buying Reaches US$692k On Northrim BanCorp

August 13, 2023 | msn.com

Northrim BanCorp: Mildly Attractive Even Though The Easy Money Has Been Made

July 28, 2023 | finance.yahoo.com

Northrim BanCorp Earns $5.6 Million, or $0.98 Per Diluted Share, in Second Quarter 2023

July 27, 2023 | finance.yahoo.com

Central Pacific Financial (CPF) Q2 Earnings and Revenues Miss Estimates

July 19, 2023 | finance.yahoo.com

Columbia Banking (COLB) Lags Q2 Earnings and Revenue Estimates

September 22, 2023 | Altimetry (Ad)

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June 2, 2023 | msn.com

Northrim BanCorp's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

June 2, 2023 | finance.yahoo.com

Is It Smart To Buy Northrim BanCorp, Inc. (NASDAQ:NRIM) Before It Goes Ex-Dividend?

May 27, 2023 | msn.com

Northrim Bancorp (NRIM) Declares $0.60 Dividend

May 12, 2023 | finance.yahoo.com

Investing in Northrim BanCorp (NASDAQ:NRIM) three years ago would have delivered you a 100% gain

April 27, 2023 | finance.yahoo.com

Northrim BanCorp Earns $4.8 Million, or $0.84 Per Diluted Share, in First Quarter 2023

April 27, 2023 | finance.yahoo.com

Northrim BanCorp (NRIM) Lags Q1 Earnings and Revenue Estimates

April 26, 2023 | finance.yahoo.com

Northrim announces retirement of Residential Mortgage CEO, Steve Aldrich and promotion of Mike Baldwin to CEO

April 25, 2023 | finance.yahoo.com

Hope Bancorp (HOPE) Q1 Earnings and Revenues Lag Estimates

April 15, 2023 | finance.yahoo.com

Northrim BanCorp, Inc. (NASDAQ:NRIM) is largely controlled by institutional shareholders who own 61% of the company

March 19, 2023 | finance.yahoo.com

David Wight Is The Independent Director of Northrim BanCorp, Inc. (NASDAQ:NRIM) And They Just Picked Up 13% More Shares

March 5, 2023 | finance.yahoo.com

Independent Director David Wight Just Bought 6.7% More Shares In Northrim BanCorp, Inc. (NASDAQ:NRIM)

March 5, 2023 | seekingalpha.com

Northrim BanCorp: Reducing My Earnings Estimate And Downgrading To Hold

March 3, 2023 | msn.com

Northrim BanCorp: Dividend Insights

February 28, 2023 | finance.yahoo.com

Northrim (NRIM) Rewards Investors With a 20% Dividend Hike

February 24, 2023 | finance.yahoo.com

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.60 per Share

January 30, 2023 | finance.yahoo.com

Northrim BanCorp, Inc. Appoints Marilyn F. Romano to its Board of Directors

January 28, 2023 | finance.yahoo.com

Northrim BanCorp Full Year 2022 Earnings: EPS: US$5.33 (vs US$6.07 in FY 2021)

January 26, 2023 | msn.com

Northrim BanCorp GAAP EPS of $1.48 misses by $0.11, revenue of $34.06M

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NRIM Company Calendar

Last Earnings: 7/27/2023
Ex-Dividend for 9/15 Dividend: 9/06/2023
Dividend Payable: 9/15/2023
Today: 9/22/2023
Next Earnings (Estimated): 10/25/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Federal savings institutions
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:NRIM
CUSIP: 66676210
CIK: 1163370
Web: www.northrim.com
Phone: (907) 562-0062
Fax: 907-562-1758
Employees: 469
Year Founded: 1990

Profitability

EPS (Most Recent Fiscal Year): $5.06
Trailing P/E Ratio: 7.75
Forward P/E Ratio: 9.45
P/E Growth: N/A
Net Income: $30.74 million
Net Margins: 19.92%
Pretax Margin: 24.62%
Return on Equity: 13.31%
Return on Assets: 1.10%

Debt

Debt-to-Equity Ratio: 0.34
Current Ratio: 0.77
Quick Ratio: 0.74

Sales & Book Value

Annual Sales: $134.40 million
Price / Sales: 1.65
Cash Flow: $6.24 per share
Price / Cash Flow: 6.29
Book Value: $38.41 per share
Price / Book: 1.02

Miscellaneous

Outstanding Shares: 5,650,000
Free Float: 5,424,000
Market Cap: $221.65 million
Optionable: Not Optionable
Beta: 0.67

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Key Executives

Mr. Joseph M. Schierhorn (Age 65)
Chairman, Pres, CEO & COO
Comp: $881.07k

Mr. Jed W. Ballard CPA (Age 43)
Exec. VP & CFO
Comp: $470.46k

Mr. Benjamin D. Craig (Age 48)
Exec. VP & Chief Information Officer of Northrim Bank
Comp: $386.05k

Mr. Michael G. Huston (Age 55)
Pres of Northrim Bank
Comp: $515.6k

Mr. Michael C. Baldwin (Age 56)
Pres & COO of Residential Mortgage, LLC
Comp: $451.51k

Ms. Lynn A. Wolfe
Exec. VP & Chief Admin. Officer

Ms. Caroline Huntley
Marketing Officer

Ms. Kari Skinner
Sr. VP & Marketing and Communications Director

Ms. Latosha M. Frye (Age 44)
Sr. VP & Corp. Accounting Mang.

Mr. Mark D. Edwards
Exec. VP, Chief Credit Officer & Bank Economist

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NRIM Stock - Frequently Asked Questions

How have NRIM shares performed in 2023?: Northrim BanCorp's stock was trading at $54.57 at the beginning of 2023. Since then, NRIM stock has decreased by 28.1% and is now trading at $39.23.
View the best growth stocks for 2023 here.
When is Northrim BanCorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
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, July, 27th. The financial services provider reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.40 by $0.42. The financial services provider had revenue of $32.12 million for the quarter, compared to the consensus estimate of $35.20 million. Northrim BanCorp had a trailing twelve-month return on equity of 13.31% and a net margin of 19.92%.
How often does Northrim BanCorp pay dividends? What is the dividend yield for Northrim BanCorp?: Northrim BanCorp declared a quarterly dividend on Friday, August 25th. Investors of record on Thursday, September 7th will be given a dividend of $0.60 per share on Friday, September 15th. This represents a $2.40 annualized dividend and a dividend yield of 6.12%. The ex-dividend date is Wednesday, September 6th.
Read our dividend analysis for NRIM.
Is Northrim BanCorp a good dividend stock?: Northrim BanCorp (NASDAQ:NRIM) pays an annual dividend of $2.40 per share and currently has a dividend yield of 6.09%. 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 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 47.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NRIM will have a dividend payout ratio of 53.33% 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).
What is Northrim BanCorp's stock symbol?: Northrim BanCorp trades on the NASDAQ under the ticker symbol "NRIM."
Who are Northrim BanCorp's major shareholders?: Northrim BanCorp's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.01%), Dimensional Fund Advisors LP (8.36%), The Manufacturers Life Insurance Company (4.54%), LSV Asset Management (2.85%), Acadian Asset Management LLC (2.31%) and Geode Capital Management LLC (1.94%). Insiders that own company stock include Aaron Michael Schutt, Anthony Drabek, David G Wight, David J Mccambridge, David W Karp, Jed W Ballard, John C Swalling, Joseph M Schierhorn, Joseph Marushack, Karl L Hanneman, Krystal Murphy Nelson, Larry S Cash, Linda C Thomas and Marilyn Romano.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Northrim BanCorp's stock price today?: One share of NRIM stock can currently be purchased for approximately $39.23.
How much money does Northrim BanCorp make?: Northrim BanCorp (NASDAQ:NRIM) has a market capitalization of $221.65 million and generates $134.40 million in revenue each year. The financial services provider earns $30.74 million in net income (profit) each year or $5.06 on an earnings per share basis.
How many employees does Northrim BanCorp have?: The company employs 469 workers across the globe.
How can I contact Northrim BanCorp?: Northrim BanCorp's mailing address is 3111 C Street, ANCHORAGE AK, 99503. The official website for the company is www.northrim.com. The financial services provider can be reached via phone at (907) 562-0062, via email at investors@nrim.com, or via fax at 907-562-1758.

This page (NASDAQ:NRIM) was last updated on 9/22/2023 by MarketBeat.com Staff

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