NASDAQ:NRIM

Northrim BanCorp Stock Forecast, Price & News

$41.01
+0.20 (+0.49 %)
(As of 07/28/2021 12:00 AM ET)
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Today's Range
$40.52
$41.28
50-Day Range
$40.40
$45.27
52-Week Range
$22.21
$48.19
Volume8,909 shs
Average Volume21,231 shs
Market Capitalization$254.55 million
P/E Ratio5.95
Dividend Yield3.63%
Beta0.8
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Northrim BanCorp logo

About Northrim BanCorp

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 accounts, money market deposit accounts, and certificates of deposit. 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 from savings accounts, commercial drive-up banking, automatic transfers and payments, people pay, external and wire transfers, bill pay, direct payroll deposits, electronic tax payments, automated clearing house origination and receipt, remote deposit capture, and account reconciliation and positive pay services, as well as merchant and cash management programs, annuity products, and long term investment portfolios. As of December 31, 2020, the company operated 16 branches in Anchorage, the Matanuska-Susitna Valley, Juneau, Fairbanks, Ketchikan, Sitka, and Kenai Peninsula. Northrim BanCorp, Inc. was founded in 1990 and is headquartered in Anchorage, Alaska.

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MarketRank

Overall MarketRank

2.50 out of 5 stars

Finance Sector

110th out of 2,033 stocks

Federal Savings Institutions Industry

3rd out of 115 stocks

Analyst Opinion: 0.0Community Rank: 2.9Dividend Strength: 5.0Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -
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Northrim BanCorp (NASDAQ:NRIM) Frequently Asked Questions

What stocks does MarketBeat like better than Northrim BanCorp?

Wall Street analysts have given Northrim BanCorp a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Northrim BanCorp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Northrim BanCorp?

Northrim BanCorp saw a increase in short interest in July. As of July 15th, there was short interest totaling 62,300 shares, an increase of 66.6% from the June 30th total of 37,400 shares. Based on an average daily volume of 15,500 shares, the days-to-cover ratio is currently 4.0 days. Approximately 1.0% of the company's shares are short sold.
View Northrim BanCorp's Short Interest
.

When is Northrim BanCorp's next earnings date?

Northrim BanCorp is scheduled to release its next quarterly earnings announcement on Monday, October 25th 2021.
View our earnings forecast for Northrim BanCorp
.

How were Northrim BanCorp's earnings last quarter?

Northrim BanCorp, Inc. (NASDAQ:NRIM) announced its earnings results on Sunday, July, 25th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.10 by $0.23. Northrim BanCorp had a trailing twelve-month return on equity of 20.14% and a net margin of 28.83%.
View Northrim BanCorp's earnings history
.

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

Northrim BanCorp's stock was trading at $28.16 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NRIM shares have increased by 45.6% and is now trading at $41.01.
View which stocks have been most impacted by COVID-19
.

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

Northrim BanCorp announced a quarterly dividend on Friday, May 28th. Stockholders of record on Thursday, June 10th will be paid a dividend of $0.37 per share on Friday, June 18th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Wednesday, June 9th.
View Northrim BanCorp's dividend history
.

Is Northrim BanCorp a good dividend stock?

Northrim BanCorp pays an annual dividend of $1.48 per share and currently has a dividend yield of 3.63%. Northrim BanCorp has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Northrim BanCorp is 28.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Northrim BanCorp will have a dividend payout ratio of 44.85% next year. This indicates that Northrim BanCorp will be able to sustain or increase its dividend.
View Northrim BanCorp's dividend history.

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 63, Pay $795.99k)
  • Mr. Jed W. Ballard CPA, Exec. VP & CFO (Age 42, Pay $417.17k)
  • Mr. Michael A. Martin, Exec. VP, Gen. Counsel & Corp. Sec. (Age 54, Pay $495.22k)
  • Mr. Benjamin D. Craig, Exec. VP & Chief Information Officer of Northrim Bank (Age 46, Pay $383.25k)
  • Mr. Michael G. Huston, Exec. VP & Chief Lending Officer of Northrim Bank (Age 53, Pay $449.58k)
  • Ms. Audrey L. Amundson, Exec. VP & Director of Accounting, Treasury and Financial Planning
  • 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, Sr. VP & Corp. Accounting Mang. (Age 42)

What is Joe Schierhorn's approval rating as Northrim BanCorp's CEO?

2 employees have rated Northrim BanCorp CEO Joe Schierhorn on Glassdoor.com. Joe Schierhorn has an approval rating of 100% among Northrim BanCorp's employees. This puts Joe Schierhorn in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 Cisco Systems (CSCO), Pfizer (PFE), Verizon Communications (VZ), The Walt Disney (DIS), Enterprise Products Partners (EPD), Altria Group (MO), AbbVie (ABBV), Gilead Sciences (GILD), The 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."

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 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 $41.01.

How much money does Northrim BanCorp make?

Northrim BanCorp has a market capitalization of $254.55 million and generates $140.04 million in revenue each year. The financial services provider earns $32.89 million in net income (profit) each year or $5.11 on an earnings per share basis.

How many employees does Northrim BanCorp have?

Northrim BanCorp employs 438 workers across the globe.

What is Northrim BanCorp's official website?

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

Where are Northrim BanCorp's headquarters?

Northrim BanCorp is headquartered at 3111 C Street, ANCHORAGE AK, 99503.

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 7/29/2021 by MarketBeat.com Staff
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