How does NRIM's PE Ratio compare to its peers?

NRIM is good value based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (17.1x).

How does NRIM's PE Ratio compare vs other companies in the US Banks Industry?

NRIM is expensive based on its Price-To-Earnings Ratio (13.8x) compared to the US Banks industry average (12.8x).

What is NRIM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NRIM is good value based on its Price-To-Earnings Ratio (13.8x) compared to the estimated Fair Price-To-Earnings Ratio (20.5x).

What is the Fair Price of NRIM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

NRIM ($81.81) is trading below our estimate of [[fair value]] ($95.4)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Northrim BanCorp (Nasdaq:NRIM) - Stock Price, News & Analysis

NRIM Stock Overview

Operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. More details

NRIM fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	5/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 14.2% below our estimate of its fair value

Earnings are forecast to grow 39.93% per year

Earnings grew by 19.3% over the past year

Pays a reliable dividend of 3.03%

Risk Analysis

Significant insider selling over the past 3 months

Northrim BanCorp, Inc. Competitors

Enterprise Bancorp

NasdaqGS:EBTC

US$445.0m

Capital Bancorp

NasdaqGS:CBNK

US$457.2m

Carter Bankshares

NasdaqGS:CARE

US$431.7m

Sierra Bancorp

NasdaqGS:BSRR

US$440.2m

Price History & Performance

Summary of all time highs, changes and price drops for Northrim BanCorp
Historical stock prices
Current Share Price	US$81.81
52 Week High	US$85.06
52 Week Low	US$43.92
Beta	0.74
11 Month Change	20.20%
3 Month Change	27.23%
1 Year Change	66.59%
33 Year Change	81.24%
5 Year Change	118.16%
Change since IPO	2,362.18%

Northrim BanCorp: Rosy Earnings Outlook Appears Priced-In

Oct 20

Recent updates

Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's

Jan 30

Northrim BanCorp: Margin's High Rate-Sensitivity To Benefit Earnings

Oct 05

Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's

Aug 29

Northrim BanCorp raises dividend by 22% to $0.50

Aug 26

Northrim BanCorp: High Oil Prices, Interest Rates To Salvage Earnings

Jul 21

Northrim: A Cheap Alaskan Bank Faces Some Headwinds In 2022

May 07

Northrim BanCorp: Topline Growth To Counter Mortgage Refinancing Normalization

Feb 17

Northrim BanCorp: Regional Economy, Company-Specific Factors Likely To Limit Earnings

Oct 26

Northrim BanCorp's (NASDAQ:NRIM) Dividend Will Be Increased To US$0.38

Aug 30

Northrim BanCorp: Strong Loan Growth, Subdued Credit Costs To Lift Earnings

Jul 22

Northrim BanCorp declares $0.37 dividend

May 28

Shareholders Will Probably Not Have Any Issues With Northrim BanCorp, Inc.'s (NASDAQ:NRIM) CEO Compensation

May 22

Northrim BanCorp EPS beats by $0.54

Apr 26

Shareholder Returns

	NRIM	US Banks	US Market
7D	0.1%	-0.9%	-1.0%
1Y	66.6%	53.3%	30.3%

Return vs Industry: NRIM exceeded the US Banks industry which returned 54.2% over the past year.

Return vs Market: NRIM exceeded the US Market which returned 30.4% over the past year.

Price Volatility

Is NRIM's price volatile compared to industry and market?
NRIM volatility
NRIM Average Weekly Movement	6.5%
Banks Industry Average Movement	5.1%
Market Average Movement	6.2%
10% most volatile stocks in US Market	15.7%
10% least volatile stocks in US Market	3.1%

Stable Share Price: NRIM has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: NRIM's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1990	472	Mike Huston	www.northrim.com

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 through 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.

Northrim BanCorp, Inc. Fundamentals Summary

How do Northrim BanCorp's earnings and revenue compare to its market cap?
NRIM fundamental statistics
Market cap	US$448.30m
Earnings (TTM)	US$32.66m
Revenue (TTM)	US$141.59m

13.8x

P/E Ratio

1.7x

P/B Ratio

Is NRIM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NRIM income statement (TTM)
Revenue	US$141.59m
Cost of Revenue	US$0
Gross Profit	US$141.59m
Other Expenses	US$108.93m
Earnings	US$32.66m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	5.94
Gross Margin	100.00%
Net Profit Margin	23.06%
Debt/Equity Ratio	12.6%

How did NRIM perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

41%

Payout Ratio

NRIM Stock Overview

Rewards

Risk Analysis

Northrim BanCorp, Inc. Competitors

NasdaqGS:EBTC

US$445.0m

NasdaqGS:CBNK

US$457.2m

NasdaqGS:CARE

US$431.7m

NasdaqGS:BSRR

US$440.2m

Price History & Performance

Recent News & Updates

Independent Director recently sold US$201k worth of stock

Now 23% undervalued

Investor sentiment improves as stock rises 17%

Northrim BanCorp, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2024

Third quarter 2024 earnings released: EPS: US$1.60 (vs US$1.50 in 3Q 2023)

Northrim BanCorp: Rosy Earnings Outlook Appears Priced-In

Recent updates

Independent Director recently sold US$201k worth of stock

Now 23% undervalued

Investor sentiment improves as stock rises 17%

Northrim BanCorp, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2024

Third quarter 2024 earnings released: EPS: US$1.60 (vs US$1.50 in 3Q 2023)

Northrim BanCorp: Rosy Earnings Outlook Appears Priced-In

Northrim BanCorp (NASDAQ:NRIM) Is Paying Out A Larger Dividend Than Last Year

Second quarter dividend of US$0.62 announced

Northrim Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on September 13, 2024

Price target increased by 25% to US$70.00

Second quarter 2024 earnings released: EPS: US$1.64 (vs US$0.99 in 2Q 2023)

Now 22% undervalued

Investor sentiment improves as stock rises 19%

First quarter dividend of US$0.61 announced

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend, Payable on June 14, 2024

Northrim BanCorp: Still Marginally Attractive Despite Some Weak Spots

First quarter 2024 earnings released: EPS: US$1.49 (vs US$0.85 in 1Q 2023)

Northrim BanCorp, Inc., Annual General Meeting, May 23, 2024

Northrim BanCorp, Inc. Announces CEO Changes

Northrim BanCorp, Inc. Names Mike Huston as President and Chief Operating Officer

Full year 2023 earnings released: EPS: US$4.53 (vs US$5.33 in FY 2022)

Insufficient new directors

Upcoming dividend of US$0.61 per share

Investor sentiment improves as stock rises 16%

Northrim BanCorp, Inc. Announces Resignation of David G. Wight as Board of Directors

Northrim BanCorp: The Golden Moment Continues

Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's

Fourth quarter dividend increased to US$0.61

Full year 2023 earnings released: EPS: US$4.53 (vs US$5.33 in FY 2022)

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend, Payable on March 15, 2024

Chairman exercised options and sold US$110k worth of stock

Upcoming dividend of US$0.60 per share at 4.6% yield

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend, Payable on December 22, 2023

Chairman exercised options and sold US$69k worth of stock

Northrim BanCorp, Inc. Announces Dividend for the Third Quarter 2023

Third quarter 2023 earnings released: EPS: US$1.50 (vs US$1.78 in 3Q 2022)

Upcoming dividend of US$0.60 per share at 5.6% yield

Northrim Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on September 15, 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$0.99 (vs US$0.83 in 2Q 2022)

Upcoming dividend of US$0.60 per share at 6.4% yield

Northrim Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on June 16, 2023

Chairman recently bought US$72k worth of stock

Independent Director recently bought US$94k worth of stock

Full year 2022 earnings released: EPS: US$5.33 (vs US$6.07 in FY 2021)

Northrim BanCorp, Inc. Appoints Marilyn F. Romano to Board of Directors

Full year 2022 earnings released: EPS: US$5.33 (vs US$6.07 in FY 2021)

Independent Director recently sold US$82k worth of stock

Independent Director notifies of intention to sell stock

Upcoming dividend of US$0.50 per share

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend, Payable on December 23, 2022

Price target increased to US$62.00

Insufficient new directors

Chairman exercised options and sold US$68k worth of stock

Third quarter 2022 earnings released: EPS: US$1.78 (vs US$1.43 in 3Q 2021)

Northrim BanCorp: Margin's High Rate-Sensitivity To Benefit Earnings

Independent Director recently bought US$51k worth of stock

Upcoming dividend of US$0.50 per share

Northrim BanCorp's (NASDAQ:NRIM) Upcoming Dividend Will Be Larger Than Last Year's