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NRIM

NRIM - Northrim BanCorp Inc Stock Price, Fair Value and News

49.30USD+1.33 (+2.77%)Market Closed

Market Summary

NRIM
USD49.30+1.33
Market Closed
2.77%

NRIM Stock Price

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NRIM RSI Chart

NRIM Valuation

Market Cap

271.1M

Price/Earnings (Trailing)

10.68

Price/Sales (Trailing)

2.05

EV/EBITDA

1.13

Price/Free Cashflow

8.28

NRIM Price/Sales (Trailing)

NRIM Profitability

EBT Margin

23.95%

Return on Equity

10.82%

Return on Assets

0.9%

Free Cashflow Yield

12.08%

NRIM Fundamentals

NRIM Revenue

Revenue (TTM)

132.0M

Rev. Growth (Yr)

20.89%

Rev. Growth (Qtr)

4.42%

NRIM Earnings

Earnings (TTM)

25.4M

Earnings Growth (Yr)

-23.06%

Earnings Growth (Qtr)

-21.03%

Breaking Down NRIM Revenue

Last 7 days

6.3%

Last 30 days

-3.1%

Last 90 days

-8.0%

Trailing 12 Months

18.5%

How does NRIM drawdown profile look like?

NRIM Financial Health

NRIM Investor Care

Dividend Yield

5.03%

Dividend/Share (TTM)

2.3

Buy Backs (1Y)

3.53%

Diluted EPS (TTM)

4.49

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023110.1M118.9M125.7M132.0M
202284.1M86.8M93.1M100.3M
202180.0M81.2M82.7M84.6M
202070.5M72.2M74.2M76.7M
201966.3M68.0M69.2M70.1M
201860.4M61.1M62.2M64.2M
201758.6M58.7M59.4M60.1M
201660.2M60.0M59.5M58.9M
201557.1M58.1M59.3M59.8M
201446.7M49.1M51.8M54.3M
201344.8M45.1M45.4M46.1M
201245.3M44.9M44.9M44.7M
201148.6M47.5M46.5M45.9M
2010052.2M51.0M49.7M
200900053.5M
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Tracking the Latest Insider Buys and Sells of Northrim BanCorp Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 28, 2024
schierhorn joseph m
acquired
88,089
50.51
1,744
president, ceo, and coo
Mar 28, 2024
ballard jed w
acquired
45,560
50.51
902
evp, cfo
Dec 05, 2023
schierhorn joseph m
acquired
202,327
28.76
7,035
president, ceo, and coo
Dec 05, 2023
schierhorn joseph m
sold (taxes)
-243,289
52.66
-4,620
president, ceo, and coo
Dec 01, 2023
ballard jed w
sold (taxes)
-18,863
51.68
-365
evp, cfo
Dec 01, 2023
schierhorn joseph m
sold (taxes)
-27,028
51.68
-523
president, ceo, and coo
Nov 15, 2023
schierhorn joseph m
sold (taxes)
-159,590
48.2
-3,311
president, ceo, and coo
Nov 15, 2023
schierhorn joseph m
acquired
135,254
27.28
4,958
president, ceo, and coo
Sep 14, 2023
thomas linda c
sold
-48,900
40.75
-1,200
-
Sep 13, 2023
nelson krystal murphy
bought
25,386
40.6191
625
-

1–10 of 50

Which funds bought or sold NRIM recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 25, 2024
Bank of New York Mellon Corp
reduced
-9.2
-576,419
2,329,830
-%
Apr 24, 2024
Assenagon Asset Management S.A.
reduced
-52.97
-590,288
419,182
-%
Apr 23, 2024
AMALGAMATED BANK
reduced
-61.33
-19,000
9,000
-%
Apr 22, 2024
MetLife Investment Management, LLC
unchanged
-
52,084
169,399
-%
Apr 19, 2024
CALDWELL SUTTER CAPITAL, INC.
unchanged
-
-82,859
624,657
0.30%
Apr 19, 2024
REDMONT WEALTH ADVISORS LLC
reduced
-0.73
-100,300
711,843
0.99%
Apr 18, 2024
Alaska Wealth Advisors
reduced
-11.97
-208,032
725,561
0.11%
Apr 18, 2024
SeaCrest Wealth Management, LLC
sold off
-100
-247,347
-
-%
Apr 12, 2024
BALDWIN BROTHERS LLC/MA
unchanged
-
-4,355
32,832
-%
Apr 05, 2024
CWM, LLC
new
-
-
-
-%

1–10 of 50

Are Funds Buying or Selling NRIM?

Are funds buying NRIM calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own NRIM
No. of Funds

Unveiling Northrim BanCorp Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
5.27%
291,003
SC 13G
Feb 09, 2024
dimensional fund advisors lp
8.5%
468,780
SC 13G/A
Jan 23, 2024
blackrock inc.
14.0%
771,370
SC 13G/A
Sep 05, 2023
altravue capital, llc
0%
0
SC 13G/A
Jul 07, 2023
blackrock inc.
10.0%
565,666
SC 13G/A
Feb 10, 2023
dimensional fund advisors lp
8.8%
497,803
SC 13G/A
Jan 24, 2023
blackrock inc.
9.8%
558,453
SC 13G/A
Jan 19, 2023
altravue capital, llc
6.18%
351,539
SC 13G/A
Feb 14, 2022
ameriprise financial inc
4.75%
291,772
SC 13G/A
Feb 08, 2022
altravue capital, llc
6.10%
374,699
SC 13G/A

Recent SEC filings of Northrim BanCorp Inc

View All Filings
Date Filed Form Type Document
Apr 24, 2024
8-K
Current Report
Apr 10, 2024
8-K
Current Report
Apr 09, 2024
DEFA14A
DEFA14A
Apr 09, 2024
DEF 14A
DEF 14A
Apr 09, 2024
ARS
ARS
Apr 08, 2024
3
Insider Trading
Mar 29, 2024
8-K
Current Report
Mar 29, 2024
4
Insider Trading
Mar 29, 2024
4
Insider Trading
Mar 08, 2024
10-K
Annual Report

Peers (Alternatives to Northrim BanCorp Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
557.3B
171.1B
-3.02% 41.18%
11.25
3.26
60.72% 31.52%
297.7B
130.3B
- 30.88%
11.23
2.29
79.51% -3.68%
214.3B
85.7B
3.98% 51.03%
11.19
2.5
41.49% 39.96%
119.7B
133.3B
-0.18% 34.65%
12.97
0.9
79.09% -
16.1B
10.2B
-1.93% 16.75%
10.02
1.58
44.53% -22.43%
13.7B
7.9B
-6.07% 34.16%
14.19
1.73
46.47% -49.56%
MID-CAP
6.9B
4.2B
-4.02% 25.94%
9.92
1.62
34.68% -45.96%
6.2B
3.9B
-3.20% 57.15%
9.1
1.57
45.91% -25.03%
3.3B
1.3B
-0.60% 41.74%
12.27
2.58
43.24% -22.35%
3.3B
2.0B
1.46% 20.10%
17.81
1.66
70.97% -50.03%
SMALL-CAP
497.6M
120.2M
6.68% 49.76%
19.02
4.14
45.65% -13.98%
400.7M
164.9M
-6.54% 37.44%
34.26
2.43
42.66% -70.76%
378.6M
162.6M
-8.08% 4.96%
12.59
2.33
25.39% -38.37%
280.5M
96.6M
-10.60% 4.96%
8.85
2.9
11.02% -11.37%
45.1M
60.9M
-2.95% -12.04%
-13.48
0.74
24.06% -144.92%

Northrim BanCorp Inc News

Latest updates
Yahoo Canada Finance • 33 hours ago
Zacks Investment Research • 24 Apr 2024 • 09:07 pm
Yahoo Finance • 10 Apr 2024 • 07:00 am
MSN • 08 Apr 2024 • 12:44 pm
Yahoo Finance • 08 Apr 2024 • 07:00 am
Yahoo Finance • 05 Apr 2024 • 07:00 am

Northrim BanCorp Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue4.4%36.0034.0032.0030.0030.0028.0023.0020.0022.0021.0020.0021.0021.0020.0019.0017.0018.0018.0017.0017.0017.00
EBITDA Margin-6.2%1.02*1.09*1.20*1.27*1.36*1.40*1.42*1.49*1.56*1.61*1.67*1.68*---------
Interest Expenses1.4%27.0026.0025.0025.0027.0026.0022.0019.0022.0020.0019.0019.0019.0018.0017.0016.0016.0016.0016.0016.0016.00
Income Taxes-8.8%2.002.001.001.001.003.002.002.001.003.003.003.003.004.002.000.001.002.001.001.001.00
Earnings Before Taxes-18.8%8.0010.007.006.0010.0013.006.009.009.0012.0011.0016.0013.0016.0012.001.006.0010.005.005.006.00
EBT Margin-9.3%0.24*0.26*0.30*0.32*0.38*0.41*0.42*0.50*0.57*0.63*0.69*0.71*---------
Net Income-21.0%7.008.006.005.009.0010.005.007.008.009.008.0012.0010.0012.0010.001.005.008.004.004.005.00
Net Income Margin-11.6%0.19*0.22*0.24*0.26*0.31*0.33*0.33*0.39*0.44*0.48*0.52*0.55*---------
Free Cashflow436.5%49.009.00-29.063.0036.0025.00-5.0119.0038.005.0023.0044.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets0.6%2,8072,7902,6382,5802,6742,7182,6112,6262,7252,6102,4542,3512,1222,0982,0171,6911,6441,6171,5531,5201,503
    Cash Equivalents6.6%11911137.0013925940733753364649234720411610189.0086.0095.0092.0071.0079.0078.00
  Net PPE-0.6%41.0041.0040.0038.0038.0037.0037.0037.0037.0038.0038.0038.0038.0039.0039.0039.0038.0039.0039.0039.0039.00
  Goodwill0%15.0015.0015.0015.0015.0015.0015.0015.0015.0015.0015.0015.0015.0015.0015.0015.0015.0015.0015.0015.0015.00
Liabilities0.3%2,5732,5652,4172,3562,4562,5072,3962,4002,4872,3672,2162,1201,9001,8831,8101,4941,4371,4131,3461,3111,297
Shareholder's Equity4.2%235225221224219211215226238242237231222215207198207204206209206
  Retained Earnings1.4%236233228226224218211209204198192186173166156148150147142140137
  Additional Paid-In Capital-20.0%10.0012.0014.0017.0018.0018.0018.0026.0031.0039.0040.0040.0042.0043.0045.0045.0051.0050.0057.0062.0062.00
Shares Outstanding-0.6%6.006.006.006.006.006.006.006.006.006.006.006.00---------
Float---213---221---258---156---235--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations338.6%50,03611,408-26,8684,34937,28225,532-4,53619,84538,0685,47123,86744,583-9,43519,575-29,653-16,94121,520-4,586-26,6418,88627,362
  Share Based Compensation25.2%318254225140174191190187332232229280226237238242321161122196326
Cashflow From Investing19.9%-44,348-55,394-126,631-28,698-130,258-56,547-172,996-45,824885-7,94426,696-178,7267,826-74,027-281,333-35,291-37,405-28,479-582-5,454-14,276
Cashflow From Financing-98.6%1,614118,46251,040-95,790-54,595101,013-18,353-87,040114,595147,86792,732221,76816,44566,169314,58842,61819,12154,42219,121-2,037-5,727
  Dividend Payments3.2%3,4463,3403,3933,4212,9532,8292,3412,4482,4422,3332,3202,2932,2152,2222,1642,1992,2202,1742,0422,0641,946
  Buy Backs-7.6%2,5052,7112,5011,327--8,2345,9238,1181,204-2,2121,3002,366-6,310-7,1665,198205494

NRIM Income Statement

2023-12-31
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest and Dividend Income   
Interest and fees on loans and loans held for sale$ 108,612$ 82,785$ 79,241
Interest on investment securities available for sale15,8339,6793,339
Dividends on marketable equity securities766563440
Interest on investment securities held to maturity1,8931,5111,037
Dividends on Federal Home Loan Bank stock203125102
Interest on deposits in other banks4,6445,665447
Total Interest Income131,951100,32884,606
Interest Expense   
Interest expense on deposits26,5114,4853,077
Interest expense on borrowings1,784339320
Interest expense on junior subordinated debentures400389382
Total Interest Expense28,6955,2133,779
Net Interest Income103,25695,11580,827
Provision (benefit) for credit losses3,8421,846(4,099)
Net Interest Income After Provision (Benefit) for Credit Losses99,41493,26984,926
Other Operating Income   
Mortgage banking income12,76321,57242,144
Purchased receivable income4,4822,0022,259
Commercial servicing revenue5541,628306
Unrealized gain (loss) on marketable equity securities120(1,119)(101)
Keyman insurance proceeds02,0020
Gain on sale of marketable equity securities, net0067
Other income2,5502,6842,902
Total Other Operating Income26,37534,07752,263
Other Operating Expense   
Salaries and other personnel expense61,74158,17260,412
Data processing expense9,8218,9268,567
Occupancy expense7,3946,9157,078
Professional and outside services3,1282,9932,801
Marketing expense2,9292,7472,741
Insurance expense2,5192,0541,593
OREO (income) expense, net of rental income and gains on sale(794)500(432)
Intangible asset amortization expense172537
Other operating expense7,4266,5206,399
Total Other Operating Expense94,18188,85289,196
Income Before Provision for Income Taxes31,60838,49447,993
Provision for income taxes6,2147,75310,476
Net Income$ 25,394$ 30,741$ 37,517
Earnings per share, Basic (in USD per share)$ 4.53$ 5.33$ 6.07
Earnings per share, Diluted (in USD per share)$ 4.49$ 5.27$ 6.00
Weighted Average Shares Outstanding, Basic (in shares)5,601,4715,765,0886,180,801
Weighted Average Shares Outstanding, Diluted (in shares)5,661,4605,829,4126,249,313
Bankcard fees   
Other Operating Income   
Revenue from contract with customer$ 3,862$ 3,697$ 3,389
Service charges on deposit accounts   
Other Operating Income   
Revenue from contract with customer$ 2,044$ 1,611$ 1,297

NRIM Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS  
Cash and due from banks$ 27,457$ 27,747
Interest bearing deposits in other banks91,073231,603
Investment securities available for sale, at fair value637,936677,029
Marketable equity securities13,15310,740
Investment securities held to maturity, at amortized cost36,75036,750
Investment in Federal Home Loan Bank stock, at cost2,9803,816
Loans held for sale31,97427,538
Loans1,789,4971,501,785
Allowance for credit losses, loans(17,270)(13,838)
Net loans1,772,2271,487,947
Purchased receivables, net36,84219,994
Premises and equipment, net40,69337,821
Operating lease right-of-use assets9,0929,868
Goodwill15,01715,017
Other intangible assets, net950967
Other assets71,78968,846
Total assets2,807,4972,674,318
Deposits:  
Demand749,683797,434
Interest-bearing demand927,291767,686
Savings255,338320,917
Money market221,492308,317
Certificates of deposit less than $250,000189,106115,330
Certificates of deposit $250,000 and greater142,14577,527
Total deposits2,485,0552,387,211
Borrowings13,67514,095
Junior subordinated debentures10,31010,310
Operating lease liabilities9,0929,865
Other liabilities54,64734,208
Total liabilities2,572,7792,455,689
COMMITMENTS AND CONTINGENCIES (NOTE 18)
SHAREHOLDERS' EQUITY  
Preferred stock, $1 par value, 2,500,000 shares authorized, none issued or outstanding00
Common stock, $1 par value, 10,000,000 shares authorized, 5,513,459 and 5,700,728 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively5,5135,701
Additional paid-in capital9,60517,784
Retained earnings236,037224,225
Accumulated other comprehensive (loss), net of tax(16,437)(29,081)
Total shareholders' equity234,718218,629
Total liabilities and shareholders' equity2,807,4972,674,318
Mortgage servicing rights  
ASSETS  
Mortgage servicing rights, at fair value$ 19,564$ 18,635
NRIM
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 and money market deposit accounts, certificates of deposit, and business sweep accounts. It also provides short and medium-term commercial loans, commercial credit lines, construction and real estate loans, and consumer loans, as well as short-term working capital. In addition, the company offers other services comprising consumer and business online banking, mobile app, and mobile deposits; and debit and credit cards. Further, it provides mobile web and text banking, consumer online account opening, personal finance, online documents, consumer debit cards, business debit cards, my rewards for consumer debit cards, retail lockbox, card control, corporate purchase cards, integrated payables, home equity advantage access cards, telebanking, and automated teller services. Additionally, the company offers personalized checks at account opening, overdraft protection from a savings account, commercial drive-up banking, automatic transfer and payment, People Pay, external transfer, Bill Pay, wire transfer, direct payroll deposit, electronic tax payment, Automated Clearing House origination and receipt, remote deposit capture, account reconciliation and positive pay, merchant, cash management, annuity, and long term investment portfolio products and services. It also provides investment advisory, trust, wealth management, factoring, and mortgage brokerage services. The company was founded in 1990 and is headquartered in Anchorage, Alaska.
 CEO
 WEBSITEnorthrim.com
 INDUSTRYBanks Diversified
 EMPLOYEES469

Northrim BanCorp Inc Frequently Asked Questions


What is the ticker symbol for Northrim BanCorp Inc? What does NRIM stand for in stocks?

NRIM is the stock ticker symbol of Northrim BanCorp Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Northrim BanCorp Inc (NRIM)?

As of Fri Apr 26 2024, market cap of Northrim BanCorp Inc is 271.13 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of NRIM stock?

You can check NRIM's fair value in chart for subscribers.

What is the fair value of NRIM stock?

You can check NRIM's fair value in chart for subscribers. The fair value of Northrim BanCorp Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Northrim BanCorp Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for NRIM so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Northrim BanCorp Inc a good stock to buy?

The fair value guage provides a quick view whether NRIM is over valued or under valued. Whether Northrim BanCorp Inc is cheap or expensive depends on the assumptions which impact Northrim BanCorp Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for NRIM.

What is Northrim BanCorp Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 26 2024, NRIM's PE ratio (Price to Earnings) is 10.68 and Price to Sales (PS) ratio is 2.05. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. NRIM PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Northrim BanCorp Inc's stock?

In the past 10 years, Northrim BanCorp Inc has provided 0.103 (multiply by 100 for percentage) rate of return.