NASDAQ:NRIMNorthrim BanCorp Stock Price, Forecast & News

$23.90

-0.19 (-0.79 %)

(As of 06/3/2020 08:48 AM ET)

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Today's Range

$23.14

Now: $23.90▼

$25.54

50-Day Range

$19.63

MA: $22.39▼

$26.43

52-Week Range

$17.32

Now: $23.90▼

$42.28

Volume25,090 shs

Average Volume33,925 shs

Market Capitalization$152.24 million

P/E Ratio9.26

Dividend Yield5.65%

Beta0.57

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.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Northrim BanCorp.

2.1 Community Rank

Outperform Votes
Northrim BanCorp has received 185 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Northrim BanCorp has received 255 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Northrim BanCorp has received 57.95% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Northrim BanCorp and other stocks. Vote “Outperform” if you believe NRIM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe NRIM will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Northrim BanCorp is a leading dividend payer. It pays a dividend yield of 5.65%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Northrim BanCorp has been increasing its dividend for 10 years.
Dividend Coverage
The dividend payout ratio of Northrim BanCorp is 44.74 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, Northrim BanCorp will have a dividend payout ratio of 85.00 % in the coming year. This indicates that Northrim BanCorp may not be able to sustain their current dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Northrim BanCorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $86,020.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.20% of the stock of Northrim BanCorp is held by insiders.
Percentage Held by Institutions
71.17% of the stock of Northrim BanCorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Northrim BanCorp are expected to decrease by -37.25% in the coming year, from $2.55 to $1.60 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Northrim BanCorp is 9.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of Northrim BanCorp is 9.26, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.30.
Price to Book Value per Share Ratio
Northrim BanCorp has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.43 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

Debt

Debt-to-Equity Ratio0.31

Current Ratio0.91

Quick Ratio0.84

Price-To-Earnings

Trailing P/E Ratio9.26

Forward P/E Ratio9.37

P/E GrowthN/A

Sales & Book Value

Annual Sales$107.43 million

Price / Sales1.42

Cash Flow$3.75 per share

Price / Cash Flow6.37

Book Value$31.67 per share

Price / Book0.75

Profitability

EPS (Most Recent Fiscal Year)$3.04

Net Income$20.69 million

Net Margins16.31%

Return on Equity8.54%

Return on Assets1.07%

Miscellaneous

Employees430

Outstanding Shares6,370,000

Market Cap$152.24 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 Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, NRIM shares have decreased by 15.1% and is now trading at $23.90. 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) issued its quarterly earnings data on Monday, April, 27th. The financial services provider reported $0.16 EPS 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 Monday, June 1st. Investors 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 yield of 5.69%. The ex-dividend date of this dividend is Wednesday, June 10th. View Northrim BanCorp's dividend history.

Has Northrim BanCorp been receiving favorable news coverage?

News coverage about NRIM stock has been trending positive recently, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Northrim BanCorp earned a news impact score of 2.4 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. 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 trading volume of 30,400 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the company's shares are short sold. View Northrim BanCorp's Current Options Chain.

Who are some of Northrim BanCorp's key competitors?

Some companies that are related to Northrim BanCorp include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), SVB Financial Group (SIVB), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). 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 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 many different 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 major 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 major investors are buying Northrim BanCorp stock?

NRIM stock was purchased 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 $23.90.

How big of a company is Northrim BanCorp?

Northrim BanCorp has a market capitalization of $152.24 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 6/3/2020 by MarketBeat.com Staff