Northrim BanCorp (NRIM) Stock Forecast, Price & News

Northrim BanCorp's stock was trading at $54.57 on January 1st, 2023. Since then, NRIM stock has decreased by 31.0% and is now trading at $37.67.
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Northrim BanCorp saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 27,800 shares, a decline of 53.8% from the April 30th total of 60,200 shares. Based on an average trading volume of 31,700 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the company's stock are short sold.
View Northrim BanCorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our NRIM earnings forecast.

Northrim BanCorp, Inc. (NASDAQ:NRIM) posted its earnings results on Thursday, October, 28th. The financial services provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.44 by $0.02. The financial services provider had revenue of $33.09 million for the quarter, compared to the consensus estimate of $33.70 million. Northrim BanCorp had a net margin of 20.51% and a trailing twelve-month return on equity of 13.05%.

Northrim BanCorp declared a quarterly dividend on Friday, May 26th. Stockholders of record on Thursday, June 8th will be paid a dividend of $0.60 per share on Friday, June 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date is Wednesday, June 7th.
Read our dividend analysis for NRIM.

ETFs with the largest weight of Northrim BanCorp (NASDAQ:NRIM) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), First Trust NASDAQ ABA Community Bank Index Fund (QABA),

Northrim BanCorp (NASDAQ:NRIM) pays an annual dividend of $2.40 per share and currently has a dividend yield of 6.30%. 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 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 48.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NRIM will have a dividend payout ratio of 46.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NRIM.

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.

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).

Northrim BanCorp trades on the NASDAQ under the ticker symbol "NRIM."

Northrim BanCorp's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.46%), Dimensional Fund Advisors LP (8.69%), Ameriprise Financial Inc. (4.36%), LSV Asset Management (2.76%), Acadian Asset Management LLC (2.38%) and Ancora Advisors LLC (1.41%). 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.
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Shares of NRIM stock 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.
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One share of NRIM stock can currently be purchased for approximately $37.67.

Northrim BanCorp (NASDAQ:NRIM) has a market capitalization of $212.84 million and generates $134.40 million in revenue each year. The financial services provider earns $30.74 million in net income (profit) each year or $4.91 on an earnings per share basis.

The company employs 451 workers across the globe.

Northrim BanCorp's mailing address is 3111 C Street, ANCHORAGE AK, 99503. The official website for the company is www.northrim.com. The financial services provider can be reached via phone at (907) 562-0062, via email at investors@nrim.com, or via fax at 907-562-1758.