Northrim BanCorp (NRIM) Stock Forecast, Price & News

Northrim BanCorp's stock was trading at $54.57 at the beginning of 2023. Since then, NRIM stock has decreased by 27.7% and is now trading at $39.43.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our NRIM earnings forecast.

Northrim BanCorp, Inc. (NASDAQ:NRIM) released 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 earned $32.12 million during the quarter, compared to analysts' expectations of $35.20 million. Northrim BanCorp had a trailing twelve-month return on equity of 13.31% and a net margin of 19.92%.

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 yield of 6.09%. The ex-dividend date is Wednesday, September 6th.
Read our dividend analysis for NRIM.

Northrim BanCorp (NASDAQ:NRIM) pays an annual dividend of $2.40 per share and currently has a dividend yield of 6.11%. 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.

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.

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).

Northrim BanCorp trades on the NASDAQ under the ticker symbol "NRIM."

Northrim BanCorp's stock is owned by a variety of institutional and retail investors. Top institutional investors 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.
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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.
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One share of NRIM stock can currently be purchased for approximately $39.43.

Northrim BanCorp (NASDAQ:NRIM) has a market capitalization of $222.78 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.

The company employs 469 workers across the globe.

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.