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NASDAQ:NRIM

Northrim BanCorp Stock Forecast, Price & News

$33.03
+0.08 (+0.24 %)
(As of 11/23/2020 11:11 AM ET)
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Compare
Today's Range
$32.61
Now: $33.03▼
$33.30
50-Day Range
$25.48
MA: $30.23▼
$34.67
52-Week Range
$17.32
Now: $33.03▼
$40.63
Volume645 shs
Average Volume27,600 shs
Market Capitalization$205.91 million
P/E Ratio7.85
Dividend Yield4.25%
Beta0.75
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 27, 2020, the company operated 16 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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Northrim BanCorp logo

Beat the Market (BTM) Rank™

Analyst Opinion: 0.0Community Rank: 2.1Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.13 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Federal savings institutions
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:NRIM
Previous Symbol
CUSIP66676210
CIK1163370
Webwww.northrim.com
Phone907-562-0062
Employees431

Debt

Debt-to-Equity Ratio0.11
Current Ratio0.95
Quick Ratio0.88

Price-To-Earnings

Trailing P/E Ratio7.85
Forward P/E Ratio8.45
P/E GrowthN/A

Sales & Book Value

Annual Sales$107.43 million
Price / Sales1.92
Cash Flow$4.28 per share
Price / Cash Flow7.71
Book Value$33.70 per share
Price / Book0.98

Profitability

EPS (Most Recent Fiscal Year)$3.04
Net Income$20.69 million
Net Margins21.13%
Return on Equity13.25%
Return on Assets1.47%

Miscellaneous

Outstanding Shares6,234,000
Market Cap$205.91 million
Next Earnings Date1/25/2021 (Estimated)
OptionableNot Optionable
$33.03
+0.08 (+0.24 %)
(As of 11/23/2020 11:11 AM 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 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 stock has increased by 17.3% and is now trading at $33.03.
View which stocks have been most impacted by COVID-19.

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 short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Northrim BanCorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Northrim BanCorp's next earnings date?

Northrim BanCorp is scheduled to release its next quarterly earnings announcement on Monday, January 25th 2021.
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 Saturday, October, 31st. The financial services provider reported $1.84 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.91 by $0.93. Northrim BanCorp had a return on equity of 13.25% and a net margin of 21.13%.
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 Tuesday, September 1st. Investors of record on Thursday, September 10th will be paid a dividend of $0.35 per share on Friday, September 18th. This represents a $1.40 annualized dividend and a yield of 4.24%. The ex-dividend date is Wednesday, September 9th. This is a positive change from Northrim BanCorp's previous quarterly dividend of $0.34.
View Northrim BanCorp's dividend history.

Are investors shorting Northrim BanCorp?

Northrim BanCorp saw a decline in short interest during the month of October. As of October 15th, there was short interest totaling 60,800 shares, a decline of 20.1% from the September 30th total of 76,100 shares. Based on an average daily trading volume, of 28,100 shares, the short-interest ratio is presently 2.2 days. Approximately 1.0% of the shares of the stock are short sold.
View Northrim BanCorp's Short Interest.

Who are some of Northrim BanCorp's key competitors?

Some companies that are related to Northrim BanCorp include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), First Horizon National (FHN), Zions Bancorporation, National Association (ZION), East West Bancorp (EWBC), Signature Bank (SBNY) and Prosperity Bancshares (PB).
View all 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).

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 62, Pay $722.18k)
  • Mr. Jed W. Ballard CPA, Exec. VP & CFO (Age 41, Pay $352.82k)
  • Mr. Michael A. Martin, Exec. VP, Gen. Counsel & Corp. Sec. (Age 53, Pay $445.74k)
  • Mr. Benjamin D. Craig, Exec. VP & Chief Information Officer of Northrim Bank (Age 45, Pay $373.23k)
  • Mr. Michael G. Huston, Exec. VP & Chief Lending Officer of Northrim Bank (Age 52, Pay $393.72k)
  • 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 41)

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (9.91%), The Manufacturers Life Insurance Company (3.73%), State Street Corp (2.28%), LSV Asset Management (1.94%), AltraVue Capital LLC (1.84%) and Acadian Asset Management LLC (1.72%). 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 Royce & Associates LP, Dalton Greiner Hartman Maher & Co., AJO LP, LSV Asset Management, WINTON GROUP Ltd, The Manufacturers Life Insurance Company , Private Capital Management LLC, and JPMorgan Chase & Co..
View insider buying and selling activity for Northrim BanCorp.

Which major investors are buying Northrim BanCorp stock?

NRIM stock was acquired by a variety of institutional investors in the last quarter, including New York State Common Retirement Fund, AltraVue Capital LLC, Legato Capital Management LLC, BlackRock Inc., Assenagon Asset Management S.A., Bowling Portfolio Management LLC, Arrowstreet Capital Limited Partnership, and First Trust Advisors LP. 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 $33.03.

How big of a company is Northrim BanCorp?

Northrim BanCorp has a market capitalization of $205.91 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 431 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 11/23/2020 by MarketBeat.com Staff
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