Northrim BanCorp, Inc. (NRIM)

NASDAQ: NRIM · IEX Real-Time Price · USD
47.57
+0.67 (1.43%)
Mar 28, 2023, 4:00 PM EDT - Market closed
1.43%
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]

Sector Financials
Founded 1990
Employees 451
Stock Exchange NASDAQ
Ticker Symbol NRIM
Full Company Profile

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 Statements

Analyst 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.

Price Target
$63.24
(32.94% upside)
Analyst Consensus: Buy
Stock Forecasts

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.

1 month ago - Zacks Investment Research

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...

1 month ago - GlobeNewsWire

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.

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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?

2 months ago - Zacks Investment Research

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...

2 months ago - GlobeNewsWire

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...

4 months ago - Zacks Investment Research

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...

4 months ago - GlobeNewsWire

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...

4 months ago - Zacks Investment Research

Best Momentum Stocks to Buy for November 14th

ASUR, NRIM and BLKB made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on November 14, 2022.

Other symbols: ASURBLKB
4 months ago - Zacks Investment Research

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?

5 months ago - Zacks Investment Research

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...

5 months ago - GlobeNewsWire

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.

7 months ago - Zacks Investment Research

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?

8 months ago - Zacks Investment Research

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...

8 months ago - GlobeNewsWire

5 Stocks Insiders Have Boosted Over the Past 2 Months

According to the Insider Cluster Buys Screen, a Premium feature of GuruFocus, five stocks with a high GF Score and high insider buys over the past two months include Ames National Corp. ( ATLO , Finan...

Other symbols: ATLOBWFGHLFWBD
9 months ago - GuruFocus

6 Bargain Dividend Stocks to Buy Paying 3%+ Dividend Yields

These six bargain dividend stocks are worth buying as their 3.0%+ dividend yields provide a steady income for investors. The post 6 Bargain Dividend Stocks to Buy Paying 3%+ Dividend Yields appeared f...

Other symbols: EIXLYBMPWUGIVZ
10 months ago - InvestorPlace

6 Cheap Stocks To Buy Before They Take Off

These 6 cheap stocks are worth buying given their low P/E valuations, good earnings prospects, and dividend yields. The post 6 Cheap Stocks To Buy Before They Take Off appeared first on InvestorPlace.

Other symbols: AVTCVEGSOVVQCOM
10 months ago - InvestorPlace

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...

10 months ago - GlobeNewsWire

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...

Other symbols: AVTLYBTHFFXZEUS
11 months ago - InvestorPlace

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?

11 months ago - Zacks Investment Research

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...

11 months ago - GlobeNewsWire

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 ...

1 year ago - GlobeNewsWire

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.

Other symbols: BPOPMVBFWSBC
1 year ago - Zacks Investment Research

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.

1 year ago - Zacks Investment Research