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NASDAQ:NRIM

Northrim BanCorp Stock Forecast, Price & News

$24.00
-0.15 (-0.62 %)
(As of 09/28/2020 03:13 AM ET)
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Today's Range
$23.82
Now: $24.00▼
$24.85
50-Day Range
$22.42
MA: $26.56▼
$29.07
52-Week Range
$17.32
Now: $24.00▼
$40.66
Volume43,400 shs
Average Volume27,994 shs
Market Capitalization$152.83 million
P/E Ratio6.90
Dividend Yield5.83%
Beta0.69
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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Northrim BanCorp logo

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

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 Ratio0.17
Current Ratio0.95
Quick Ratio0.88

Price-To-Earnings

Trailing P/E Ratio6.90
Forward P/E Ratio6.14
P/E GrowthN/A

Sales & Book Value

Annual Sales$107.43 million
Price / Sales1.42
Cash Flow$3.13 per share
Price / Cash Flow7.68
Book Value$31.67 per share
Price / Book0.76

Profitability

EPS (Most Recent Fiscal Year)$3.04
Net Income$20.69 million
Net Margins19.79%
Return on Equity11.30%
Return on Assets1.32%

Miscellaneous

Employees430
Outstanding Shares6,368,000
Market Cap$152.83 million
Next Earnings Date10/26/2020 (Estimated)
OptionableNot Optionable
$24.00
-0.15 (-0.62 %)
(As of 09/28/2020 03:13 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 COVID-19 (Coronavirus)?

Northrim BanCorp's stock was trading at $28.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NRIM stock has decreased by 14.8% and is now trading at $24.00.
View which stocks have been most impacted by COVID-19.

When is Northrim BanCorp's next earnings date?

Northrim BanCorp is scheduled to release its next quarterly earnings announcement on Monday, October 26th 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, July, 27th. The financial services provider reported $1.52 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.53 by $0.99. The financial services provider earned $34.99 million during the quarter, compared to analysts' expectations of $27.20 million. Northrim BanCorp had a net margin of 19.79% and a return on equity of 11.30%.
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 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend is Wednesday, September 9th. This is a boost 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 increase in short interest in the month of September. As of September 15th, there was short interest totaling 60,800 shares, an increase of 17.4% from the August 31st total of 51,800 shares. Based on an average daily trading volume, of 29,300 shares, the days-to-cover ratio is currently 2.1 days. Currently, 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), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), Signature Bank (SBNY), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
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), AbbVie (ABBV), Walt Disney (DIS), Enterprise Products Partners (EPD), Altria Group (MO), Gilead Sciences (GILD), 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 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 LSV Asset Management (2.10%), Dalton Greiner Hartman Maher & Co. (1.77%), AltraVue Capital LLC (1.32%), Bank of New York Mellon Corp (0.82%), AJO LP (0.82%) and Bridgeway Capital Management Inc. (0.79%). 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 institutional investors are selling Northrim BanCorp stock?

NRIM stock was sold by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, LSV Asset Management, Frontier Investment Mgmt Co., Bridgeway Capital Management Inc., Bank of New York Mellon Corp, AltraVue Capital LLC, First Trust Advisors LP, and UBS Group AG.
View insider buying and selling activity for Northrim BanCorp.

Which institutional investors are buying Northrim BanCorp stock?

NRIM stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Jacobs Levy Equity Management Inc., WINTON GROUP Ltd, Ancora Advisors LLC, Bailard Inc., Goldman Sachs Group Inc., Russell Investments Group Ltd., and FMR LLC. 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 $24.00.

How big of a company is Northrim BanCorp?

Northrim BanCorp has a market capitalization of $152.83 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 9/28/2020 by MarketBeat.com Staff
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