Northrim BanCorp, Inc. (NRIM)
| Market Cap | 271.18M |
| Revenue (ttm) | 127.35M |
| Net Income (ttm) | 30.74M |
| Shares Out | 5.70M |
| EPS (ttm) | 5.27 |
| PE Ratio | 9.03 |
| Forward PE | 8.26 |
| Dividend | $2.01 (4.23%) |
| Ex-Dividend Date | Mar 8, 2023 |
| Volume | 17,719 |
| Open | 47.02 |
| Previous Close | 46.90 |
| Day's Range | 46.80 - 47.57 |
| 52-Week Range | 38.42 - 56.77 |
| Beta | 0.68 |
| Analysts | Buy |
| Price Target | 63.24 (+32.94%) |
| Earnings Date | Apr 27, 2023 |
About 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, commerc... [Read more]
Financial Performance
In 2022, NRIM's revenue was $127.35 million, a decrease of -7.17% compared to the previous year's $137.19 million. Earnings were $30.74 million, a decrease of -18.06%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for NRIM stock is "Buy." The 12-month stock price forecast is $63.24, which is an increase of 32.94% from the latest price.
News
Northrim (NRIM) Rewards Investors With a 20% Dividend Hike
Northrim (NRIM) announces a 20% increase in dividend. Regular dividend hikes, along with share repurchases, will enhance shareholder value.
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.60 per Share
ANCHORAGE, Alaska, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.60 per share. Th...
Northrim BanCorp, Inc. Appoints Marilyn F. Romano to its Board of Directors
ANCHORAGE, Alaska, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) announced that Marilyn F. Romano has been appointed to the Board of Directors.
Northrim BanCorp, Inc. Expands Stock Repurchase Program
ANCHORAGE, Alaska, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that its Board of Directors has authorized for repurchase up to an additional 285,000 shares o...
Northrim BanCorp (NRIM) Q4 Earnings and Revenues Lag Estimates
Northrim (NRIM) delivered earnings and revenue surprises of -6.92% and 0.69%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Northrim BanCorp Earns $8.6 Million, or $1.48 Per Diluted Share, in Fourth Quarter 2022, and $30.7 Million, or $5.27 Per Diluted Share, for the Year Ended December 31, 2022
ANCHORAGE, Alaska, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the "Company") today reported net income of $8.6 million, or $1.48 per diluted share, in the fo...
Northrim (NRIM) Is a Great Choice for 'Trend' Investors, Here's Why
Northrim (NRIM) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our s...
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.50 per Share
ANCHORAGE, Alaska, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.50 per share. Th...
Here's Why "Trend" Investors Would Love Betting on Northrim (NRIM)
Northrim (NRIM) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our...
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Northrim BanCorp (NRIM) Beats Q3 Earnings and Revenue Estimates
Northrim (NRIM) delivered earnings and revenue surprises of 30.37% and 2.89%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Northrim BanCorp Earns $10.1 Million, or $1.76 Per Diluted Share, in Third Quarter 2022
ANCHORAGE, Alaska, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $10.1 million, or $1.76 per diluted share, in the t...
Northrim (NRIM) Rewards Investors With a 22% Dividend Hike
Northrim (NRIM) announces a 22% increase in the quarterly dividend. This, along with share repurchase plans, enhances shareholder value.
Northrim BanCorp (NRIM) Q2 Earnings Miss Estimates
Northrim (NRIM) delivered earnings and revenue surprises of -10.75% and 0.74%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Northrim BanCorp Earns $4.8 Million, or $0.83 Per Diluted Share, in Second Quarter 2022
ANCHORAGE, Alaska, July 28, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the "Company") today reported net income of $4.8 million, or $0.83 per diluted share, in the se...
5 Stocks Insiders Have Boosted Over the Past 2 Months
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Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.41 per Share
ANCHORAGE, Alaska, May 27, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.41 per share. The...
6 Value Stocks That Are Too Cheap to Be Ignored
These six value stocks have low P/E's, low price-to-book-value ratios, and good earnings and dividend yields going forward. The post 6 Value Stocks That Are Too Cheap to Be Ignored appeared first on I...
Northrim BanCorp (NRIM) Q1 Earnings and Revenues Surpass Estimates
Northrim (NRIM) delivered earnings and revenue surprises of 22.45% and 2.13%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Northrim BanCorp Earns $7.2 Million, or $1.20 Per Diluted Share, in First Quarter 2022
ANCHORAGE, Alaska, April 28, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the "Company") today reported net income of $7.2 million, or $1.20 per diluted share, in the f...
Northrim BanCorp, Inc. Announces Executive Promotions
ANCHORAGE, Alaska, March 25, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) announced the promotions of Michael Huston to serve as President and Chief Lending Officer of Northrim Bank ...
4 Banks to Keep an Eye on to Earn Higher Dividend Income
Dividend is a steady source of income for investors during uncertain times. So, banks - MVBF, BPOP, WSBC and NRIM - that hiked dividends in recent days are worth watching.
Northrim (NRIM) Rewards Investors With 7.9% Dividend Hike
Northrim (NRIM) hikes quarterly dividend by 7.9% to 41 cents per share. This, along with its share buyback program, is expected to continue enhancing shareholder value.