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Northrim BanCorp (NRIM) Stock Price, News & Analysis

$49.10
-0.60 (-1.21%)
(As of 02/26/2024 ET)
Today's Range
$48.70
$50.57
50-Day Range
$46.14
$59.68
52-Week Range
$33.29
$59.90
Volume
7,442 shs
Average Volume
13,670 shs
Market Capitalization
$277.42 million
P/E Ratio
10.94
Dividend Yield
4.89%
Price Target
N/A

Northrim BanCorp MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.93% 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.

4.45 out of 5 stars

Finance Sector

181st out of 838 stocks

Federal Savings Institutions Industry

4th out of 33 stocks


NRIM stock logo

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 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 Stock Price History

NRIM Stock News Headlines

Northrim BanCorp: The Golden Moment Continues
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Northrim BanCorp, Inc. Expands Stock Repurchase Program
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Northrim BanCorp Inc NRIM
Northrim BanCorp (NASDAQ: NRIM)
See More Headlines
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Company Calendar

Ex-Dividend for 12/22 Dividend
12/13/2023
Dividend Payable
12/22/2023
Last Earnings
1/25/2024
Today
2/26/2024
Ex-Dividend for 3/15 Dividend
3/06/2024
Dividend Payable
3/15/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Federal savings institutions
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:NRIM
CUSIP
66676210
Employees
469
Year Founded
1990

Profitability

Net Income
$25.39 million
Pretax Margin
21.80%

Debt

Sales & Book Value

Annual Sales
$158.33 million
Cash Flow
$6.18 per share
Book Value
$38.41 per share

Miscellaneous

Free Float
5,424,000
Market Cap
$276.68 million
Optionable
Not Optionable
Beta
0.72

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Key Executives

  • Mr. Joseph M. Schierhorn (Age 66)
    Chairman, President, CEO & COO
    Comp: $881.07k
  • Mr. Jed W. Ballard CPAMr. 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. Caroline Huntley
    Marketing 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














NRIM Stock Analysis - Frequently Asked Questions

How have NRIM shares performed in 2024?

Northrim BanCorp's stock was trading at $57.21 at the beginning of 2024. Since then, NRIM shares have decreased by 14.2% and is now trading at $49.10.
View the best growth stocks for 2024 here
.

Are investors shorting Northrim BanCorp?

Northrim BanCorp saw a decrease in short interest in January. As of January 31st, there was short interest totaling 50,000 shares, a decrease of 15.4% from the January 15th total of 59,100 shares. Based on an average daily volume of 16,400 shares, the days-to-cover ratio is currently 3.0 days. Approximately 0.9% of the shares of the stock are sold short.
View Northrim BanCorp's Short Interest
.

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) announced its earnings results on Thursday, January, 25th. The financial services provider reported $1.19 EPS for the quarter, missing analysts' consensus estimates 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 trailing twelve-month return on equity of 11.35% and a net margin of 16.04%.

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

Northrim BanCorp declared 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 4.97%. The ex-dividend date of this dividend is Wednesday, March 6th. This is a boost 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 $2.40 per share and currently has a dividend yield of 4.83%. 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 53.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NRIM will have a dividend payout ratio of 45.71% 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).

Who are Northrim BanCorp's major shareholders?

Northrim BanCorp's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (8.30%), Vanguard Group Inc. (5.15%), The Manufacturers Life Insurance Company (4.16%), LSV Asset Management (2.82%), Hotchkis & Wiley Capital Management LLC (2.19%) and Bridgeway Capital Management LLC (1.01%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:NRIM) was last updated on 2/26/2024 by MarketBeat.com Staff