Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. More Details
Flawless balance sheet with solid track record and pays a dividend.
Share Price & News
How has Northrim BanCorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NRIM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: NRIM's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: NRIM exceeded the US Banks industry which returned 59.1% over the past year.
Return vs Market: NRIM exceeded the US Market which returned 35.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Northrim BanCorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StShould You Buy Northrim BanCorp, Inc. (NASDAQ:NRIM) For Its Upcoming Dividend?
2 months ago | Simply Wall StShareholders Will Probably Not Have Any Issues With Northrim BanCorp, Inc.'s (NASDAQ:NRIM) CEO Compensation
2 months ago | Simply Wall StWho Has Been Buying Northrim BanCorp, Inc. (NASDAQ:NRIM) Shares?
Is Northrim BanCorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NRIM ($40.82) is trading below our estimate of fair value ($62.33)
Significantly Below Fair Value: NRIM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NRIM is good value based on its PE Ratio (6x) compared to the US Banks industry average (10.7x).
PE vs Market: NRIM is good value based on its PE Ratio (6x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: NRIM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NRIM's PB Ratio (1.1x) is in line with the US Banks industry average.
How is Northrim BanCorp forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NRIM's earnings are forecast to decline over the next 3 years (-44.2% per year).
Earnings vs Market: NRIM's earnings are forecast to decline over the next 3 years (-44.2% per year).
High Growth Earnings: NRIM's earnings are forecast to decline over the next 3 years.
Revenue vs Market: Insufficient data to determine if NRIM's revenue is forecast to grow faster than the US market.
High Growth Revenue: Insufficient data to determine if NRIM's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NRIM's Return on Equity is forecast to be high in 3 years time
How has Northrim BanCorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NRIM has high quality earnings.
Growing Profit Margin: NRIM's current net profit margins (28.8%) are higher than last year (21.2%).
Past Earnings Growth Analysis
Earnings Trend: NRIM's earnings have grown significantly by 21.8% per year over the past 5 years.
Accelerating Growth: NRIM's earnings growth over the past year (84.3%) exceeds its 5-year average (21.8% per year).
Earnings vs Industry: NRIM earnings growth over the past year (84.3%) exceeded the Banks industry 35%.
Return on Equity
High ROE: NRIM's Return on Equity (17.9%) is considered low.
How is Northrim BanCorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: NRIM's Assets to Equity ratio (10.3x) is moderate.
Allowance for Bad Loans: NRIM has a sufficient allowance for bad loans (111%).
Low Risk Liabilities: 97% of NRIM's liabilities are made up of primarily low risk sources of funding.
Loan Level: NRIM has an appropriate level of Loans to Assets ratio (60%).
Low Risk Deposits: NRIM's Loans to Deposits ratio (69%) is appropriate.
Level of Bad Loans: NRIM has an appropriate level of bad loans (0.9%).
What is Northrim BanCorp current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NRIM's dividend (3.63%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: NRIM's dividend (3.63%) is in the top 25% of dividend payers in the US market (3.55%)
Stability and Growth of Payments
Stable Dividend: NRIM's dividends per share have been stable in the past 10 years.
Growing Dividend: NRIM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (10.6%), NRIM's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joe Schierhorn (63 yo)
Mr. Joseph M. Schierhorn, also known as Joe, has been the Chief Executive Officer of Northrim Bank since January 1, 2016 and its President since March 30, 2015 and as its Chairman of the Board since Januar...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD942.26K) is about average for companies of similar size in the US market ($USD1.11M).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
Experienced Management: NRIM's management team is seasoned and experienced (5.3 years average tenure).
Experienced Board: NRIM's board of directors are considered experienced (7.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NRIM insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Northrim BanCorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Northrim BanCorp, Inc.
- Ticker: NRIM
- Exchange: NasdaqGS
- Founded: 1990
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$253.366m
- Shares outstanding: 6.21m
- Website: https://www.northrim.com
Number of Employees
- Northrim BanCorp, Inc.
- 3111 C Street
- United States
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,...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/01 22:05|
|End of Day Share Price||2021/07/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.