How to Buy Northrim Bancorp Stock
Northrim Bancorp Inc
Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals.
Northrim Bancorp stock last closed at $49.02, up 2.19% from the previous day, and has increased 19.15% in one year. It has overperformed other stocks in the Banks - Regional industry by 0 percentage points. Northrim Bancorp stock is currently +47.25% from its 52-week low of $33.29, and -18.16% from its 52-week high of $59.90.
There are currently 5.5M shares of NRIM outstanding. The market cap of NRIM is $269.59M. In the last 24 hours, 7148 NRIM shares were traded.
How to Buy Northrim Bancorp Stock
Not sure how to invest in Northrim Bancorp stock? Here's how.
- Decide where to buy Northrim Bancorp stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Northrim Bancorp stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Pick your method of payment and add your information.
- Research Northrim Bancorp stock: The Northrim Bancorp ticker symbol is NRIM. Is Northrim Bancorp stock a good investment? Should you buy shares of NRIM? How do NRIM's underlying business fundamentals look? Do top analysts think Northrim Bancorp is a good buy? Why has NRIM's stock price moved recently? (Hint: Our stock market research tools can help you decide if NRIM is a good stock to buy).
- Make your NRIM buy order: Decide if you will purchase NRIM shares at the current market price or use a limit order to buy NRIM shares at a particular price.
- Keep an eye on your NRIM position: Create a watchlist to get the latest news on your position in Northrim Bancorp stock.
Step 1: Decide where to buy Northrim Bancorp stock
You will need a brokerage account in order to access the NASDAQ market and buy NRIM stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, the next step is to fill out some personal information so you can buy NRIM stock today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to create a new brokerage account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have opened your account on the best stock trading app, you can securely and quickly fund your account:
Watch this video walkthrough to see the process of transferring funds into your new investment account.
Step 4: Research Northrim Bancorp stock
After you have chosen the best place to buy Northrim Bancorp stock, it's absolutely critical to research their stock prior to buying, so you actually understand the risk as well as the opportunity.
Northrim Bancorp stock quick numbers
NRIM Fundamentals
WallStreetZen was built to help average investors do more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on NRIM's stock page.
How is NRIM stock valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge NRIM's intrinsic value.
Using relative valuations ratios:
- NRIM may be undervalued based on its P/E ratio of 10.82x, relative to Banks - Regional industry P/E ratio of -9.61x
- NRIM may be overvalued based on its P/B ratio of 1.15x, relative to Banks - Regional industry P/B ratio of 0.99x
- NRIM may be overvalued based on its PEG ratio of 1.6x
You can do additional valuation analysis on NRIM's stock here.
NRIM Financial Health Overview
Positive Financial Indicators:
- NRIM earnings of $31.61M is not sufficient to cover its interest payments.
- NRIM's operating cash flow of $38.93M allows it to safely service it's debt of $33.08M.
Negative Financial Indicators:
- Total NRIM debt is higher than 5 years ago, relative to shareholder equity.
- NRIM has a relatively high debt to equity ratio of 10.96.
- NRIM profit margin has gone down from 24.1% to 20.2% in the past year.
You can dig deeper into what analysts are saying on the Northrim Bancorp stock forecast page.
NRIM Momentum
How are NRIM Revenues/Earnings doing?
Last year, NRIM earnings were $25.39M. During the past five year, NRIM's earnings have gone up by 9.25% per year. This was slower than the Banks - Regional industry average of 17.16%.
Last year, NRIM revenue was $125.79M. During the past 5 year, NRIM's revenue has grown by 6.03% per year. This was slower than the Banks - Regional industry average of 7.44%.
Learn more about NRIM's earnings and revenue performance here.
Latest Insiders Trades at NRIM
In the last 12 months, executives and large shareholders at NRIM have bought more shares than they have sold.
Jed W. Ballard, EVP CFO of NRIM, was the latest NRIM insider to buy. They bought $45,560.02 worth of NRIM shares on Mar 28, 2024.
Research more about who owns NRIM stock here.
Can I rely on NRIM as an income stream?
Northrim Bancorp pays a dividend of 4.92%, compared to the Banks - Regional industry's average dividend yield of 3.85%. If you owned $1,000 of NRIM stock, you would have been paid $49.16 in the past 12 months.
Northrim Bancorp dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Northrim Bancorp dividend yield and history here.
What others are saying about NRIM
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your NRIM buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific price limit, place a limit order.
Hit the Open button and eToro will execute your order.
If you want additional assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Keep an eye on your NRIM position
Now that you own some NRIM stock, you'll want to keep up with your stock purchase.
Add NRIM to a watchlist to track your NRIM stock.
NRIM Feed
How to Buy Stock in Northrim Bancorp
To summarize, here are the 6 steps for buying Northrim Bancorp stock:
- Decide where to buy Northrim Bancorp stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Research Northrim Bancorp stock
- Make your NRIM buy order
- Keep an eye on your NRIM position
If you require a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep tabs on your investment in Northrim Bancorp, add NRIM to your watchlist below.
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