Stock Analysis

Trade Alert: The Independent Director Of Northrim BanCorp, Inc. (NASDAQ:NRIM), David Wight, Has Just Spent US$94k Buying 13% More Shares

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Whilst it may not be a huge deal, we thought it was good to see that the Northrim BanCorp, Inc. (NASDAQ:NRIM) Independent Director, David Wight, recently bought US$94k worth of stock, for US$46.91 per share. That purchase might not be huge but it did increase their holding by 13%.

Check out our latest analysis for Northrim BanCorp

The Last 12 Months Of Insider Transactions At Northrim BanCorp

In fact, the recent purchase by David Wight was the biggest purchase of Northrim BanCorp shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of US$45.50. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

Over the last year, we can see that insiders have bought 11.06k shares worth US$491k. But they sold 1.49k shares for US$82k. Overall, Northrim BanCorp insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

NasdaqGS:NRIM Insider Trading Volume March 19th 2023

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.7% of Northrim BanCorp shares, worth about US$7.0m, according to our data. We do generally prefer see higher levels of insider ownership.

So What Do The Northrim BanCorp Insider Transactions Indicate?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Northrim BanCorp insiders are reasonably well aligned, and optimistic for the future. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

What are the risks and opportunities for Northrim BanCorp?

Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals.

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  • Trading at 49.9% below our estimate of its fair value

  • Earnings are forecast to grow 7.68% per year


No risks detected for NRIM from our risks checks.

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