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NASDAQ:NRIMNorthrim BanCorp Stock Price, Forecast & News

$23.07
-2.45 (-9.60 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$22.78
Now: $23.07
$25.86
50-Day Range
$19.63
MA: $22.44
$26.43
52-Week Range
$17.32
Now: $23.07
$42.28
Volume29,807 shs
Average Volume33,950 shs
Market Capitalization$146.96 million
P/E Ratio8.94
Dividend Yield5.90%
Beta0.58
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$3.78 per share
Book Value$31.06 per share

Profitability

Net Income$20.69 million

Miscellaneous

Employees430
Market Cap$146.96 million
Next Earnings Date8/3/2020 (Estimated)
OptionableNot Optionable

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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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, NRIM stock has decreased by 18.1% and is now trading at $23.07. 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, August 3rd 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 data on Monday, April, 27th. The financial services provider reported $0.16 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.47 by $0.31. The financial services provider earned $22.12 million during the quarter, compared to analysts' expectations of $24.10 million. Northrim BanCorp had a net margin of 16.31% and a return on equity of 8.54%. View Northrim BanCorp's earnings history.

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

Northrim BanCorp announced a quarterly dividend on Friday, February 28th. Investors of record on Thursday, March 12th will be paid a dividend of $0.34 per share on Friday, March 20th. This represents a $1.36 annualized dividend and a dividend yield of 5.90%. The ex-dividend date is Wednesday, March 11th. This is an increase from Northrim BanCorp's previous quarterly dividend of $0.33. View Northrim BanCorp's dividend history.

Has Northrim BanCorp been receiving favorable news coverage?

Media headlines about NRIM stock have been trending very negative on Sunday, according to InfoTrie. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Northrim BanCorp earned a news impact score of -3.4 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutNorthrim BanCorp.

Are investors shorting Northrim BanCorp?

Northrim BanCorp saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 19,300 shares, a drop of 9.4% from the April 30th total of 21,300 shares. Based on an average daily trading volume, of 30,400 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (8.78%), The Manufacturers Life Insurance Company (3.74%), State Street Corp (2.19%), Dalton Greiner Hartman Maher & Co. (1.71%), Acadian Asset Management LLC (1.57%) and Geode Capital Management LLC (1.49%). Company insiders that own Northrim BanCorp stock include Aaron Michael Schutt, Anthony Drabek, David G Wight, David J Mccambridge, David W Karp, John C Swalling, Karl L Hanneman, Krystal Murphy Nelson, Linda C Thomas and Michael A Martin. View institutional ownership trends for Northrim BanCorp.

Which institutional investors are selling Northrim BanCorp stock?

NRIM stock was sold by a variety of institutional investors in the last quarter, including AltraVue Capital LLC, The Manufacturers Life Insurance Company , Private Capital Management LLC, AJO LP, Grantham Mayo Van Otterloo & Co. LLC, UBS Group AG, State Street Corp, and Frontier Investment Mgmt Co.. View insider buying and selling activity for Northrim BanCorp.

Which institutional investors are buying Northrim BanCorp stock?

NRIM stock was acquired by a variety of institutional investors in the last quarter, including Martingale Asset Management L P, BlackRock Inc., Acadian Asset Management LLC, Dalton Greiner Hartman Maher & Co., Bessemer Group Inc., WINTON GROUP Ltd, Wedge Capital Management L L P NC, and State Board of Administration of Florida Retirement System. Company insiders that have bought Northrim BanCorp stock in the last two years include Aaron Michael Schutt, Anthony Drabek, David G Wight, David J Mccambridge, David W Karp, John C Swalling, Karl L Hanneman, Krystal Murphy Nelson, 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 $23.07.

How big of a company is Northrim BanCorp?

Northrim BanCorp has a market capitalization of $146.96 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 5/31/2020 by MarketBeat.com Staff

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