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NASDAQ:NRIMNorthrim BanCorp Stock Price, Forecast & News

$22.47
-0.28 (-1.23 %)
(As of 08/5/2020 04:00 PM ET)
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Today's Range
$22.23
Now: $22.47
$22.85
50-Day Range
$20.90
MA: $23.12
$25.04
52-Week Range
$17.32
Now: $22.47
$42.28
Volume34,204 shs
Average Volume27,475 shs
Market Capitalization$143.04 million
P/E Ratio6.46
Dividend Yield5.98%
Beta0.55
Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals in Alaska. 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, money market deposit accounts, certificates of deposit, and courier noncash deposits. It also provides family residential mortgages; commercial loans, such as secured and unsecured loans for working capital and expansion; commercial real estate loans; construction loans for commercial real estate projects, and land development and residential subdivision construction loans; and loans for automobiles, recreational vehicles, boats, and other consumer purchases, as well as home equity and commercial credit lines, and factoring services. In addition, the company offers other services that include consumer online banking, mobile app and mobile deposit, mobile Web and text banking, business online banking, personal finance, online documents, consumer and business debit cards, home equity advantage access cards, and telebanking and automated teller services. Further, it provides personalized checks, overdraft protection for savings accounts, commercial drive-up banking services, automatic transfers and payments, People Pay services, external and wire transfers, bill pay services, direct payroll deposits, electronic tax payments, automated clearing house origination and receipt services, remote deposit capture services, account reconciliation and positive pay services, merchant and cash management programs, annuity products, and long term investment portfolios. As of January 28, 2019, the company operated 15 branches in Anchorage, the Matanuska Valley, Juneau, Fairbanks, Ketchikan, and Sitka. Northrim BanCorp, Inc. was founded in 1990 and is headquartered in Anchorage, Alaska.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.1Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.43 out of 5 stars


Industry, Sector and Symbol

Industry Federal savings institutions
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:NRIM
CUSIP66676210
Phone907-562-0062

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$107.43 million
Cash Flow$3.72 per share
Book Value$31.67 per share

Profitability

Net Income$20.69 million

Miscellaneous

Employees430
Market Cap$143.04 million
Next Earnings Date10/26/2020 (Estimated)
OptionableNot Optionable
$22.47
-0.28 (-1.23 %)
(As of 08/5/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Northrim BanCorp (NASDAQ:NRIM) Frequently Asked Questions

How has Northrim BanCorp's stock been impacted by COVID-19 (Coronavirus)?

Northrim BanCorp's stock was trading at $28.16 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NRIM shares have decreased by 20.2% and is now trading at $22.47.
View which stocks have been most impacted by Coronavirus
.

When is Northrim BanCorp's next earnings date?

Northrim BanCorp is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Northrim BanCorp
.

How were Northrim BanCorp's earnings last quarter?

Northrim BanCorp, Inc. (NASDAQ:NRIM) released its quarterly earnings results on Monday, July, 27th. The financial services provider reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.99. The financial services provider earned $34.99 million during the quarter, compared to the consensus estimate of $27.20 million. Northrim BanCorp had a return on equity of 11.36% and a net margin of 19.79%.
View Northrim BanCorp's earnings history
.

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

Northrim BanCorp declared a quarterly dividend on Monday, June 1st. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.34 per share on Friday, June 19th. This represents a $1.36 annualized dividend and a dividend yield of 6.05%. The ex-dividend date is Wednesday, June 10th.
View Northrim BanCorp's dividend history
.

Has Northrim BanCorp been receiving favorable news coverage?

Media coverage about NRIM stock has been trending somewhat negative on Thursday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Northrim BanCorp earned a coverage optimism score of -1.4 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term.
View the latest news about Northrim BanCorp
.

Are investors shorting Northrim BanCorp?

Northrim BanCorp saw a decline in short interest in July. As of July 15th, there was short interest totaling 86,700 shares, a decline of 28.3% from the June 30th total of 120,900 shares. Based on an average daily volume of 31,100 shares, the short-interest ratio is presently 2.8 days. Currently, 1.4% of the shares of the stock are sold short.
View Northrim BanCorp's Current Options Chain
.

Who are some of Northrim BanCorp's key competitors?

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 Walt Disney (DIS), Cisco Systems (CSCO), Pfizer (PFE), Verizon Communications (VZ), Boeing (BA), Enterprise Products Partners (EPD), Gilead Sciences (GILD), Altria Group (MO), Wells Fargo & Co (WFC) and Exxon Mobil (XOM).

Who are Northrim BanCorp's key executives?

Northrim BanCorp's management team includes the following people:
  • Mr. Joseph M. Schierhorn, Chairman, Pres, CEO & COO (Age 61)
  • Mr. Jed W. Ballard CPA, Exec. VP & CFO (Age 40)
  • Mr. Michael A. Martin, Exec. VP, Gen. Counsel & Corp. Sec. (Age 52)
  • Mr. Benjamin D. Craig, Exec. VP & Chief Information Officer of Northrim Bank (Age 44)
  • Mr. Michael G. Huston, Exec. VP & Chief Lending Officer of Northrim Bank (Age 51)

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 a variety of institutional and retail investors. Top institutional shareholders include LSV Asset Management (2.10%), Dalton Greiner Hartman Maher & Co. (1.77%), AltraVue Capital LLC (1.32%), WINTON GROUP Ltd (0.58%), Assenagon Asset Management S.A. (0.53%) and Wedge Capital Management L L P NC (0.37%). Company insiders that own Northrim BanCorp stock include Aaron Michael Schutt, Anthony Drabek, David G Wight, David W Karp, John C Swalling, Karl L Hanneman, Krystal Murphy Nelson, Larry S Cash and Linda C Thomas.
View institutional ownership trends for Northrim BanCorp
.

Which major investors are selling Northrim BanCorp stock?

NRIM stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, AltraVue Capital LLC, First Trust Advisors LP, UBS Group AG, and Wedbush Securities Inc..
View insider buying and selling activity for Northrim BanCorp
.

Which major investors are buying Northrim BanCorp stock?

NRIM stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., WINTON GROUP Ltd, Russell Investments Group Ltd., Wedge Capital Management L L P NC, Dalton Greiner Hartman Maher & Co., and Strs Ohio. Company insiders that have bought Northrim BanCorp stock in the last two years include Aaron Michael Schutt, Anthony Drabek, David G Wight, David W Karp, John C Swalling, Karl L Hanneman, Krystal Murphy Nelson, Larry S Cash, and Linda C Thomas.
View insider buying and selling activity for Northrim BanCorp
.

How do I buy shares of Northrim BanCorp?

Shares of NRIM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Northrim BanCorp's stock price today?

One share of NRIM stock can currently be purchased for approximately $22.47.

How big of a company is Northrim BanCorp?

Northrim BanCorp has a market capitalization of $143.04 million and generates $107.43 million in revenue each year. The financial services provider earns $20.69 million in net income (profit) each year or $3.04 on an earnings per share basis. Northrim BanCorp employs 430 workers across the globe.

What is Northrim BanCorp's official website?

The official website for Northrim BanCorp is www.northrim.com.

How can I contact Northrim BanCorp?

Northrim BanCorp's mailing address is 3111 C Street, ANCHORAGE AK, 99503. The financial services provider can be reached via phone at 907-562-0062 or via email at [email protected]

This page was last updated on 8/6/2020 by MarketBeat.com Staff

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