WallStreetZenWallStreetZen

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 $53.84, up 1.57% from the previous day, and has increased 37.14% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.17 percentage points. Northrim Bancorp stock is currently +45.87% from its 52-week low of $36.91, and -10.12% from its 52-week high of $59.90.

There are currently 5.5M shares of NRIM outstanding. The market cap of NRIM is $296.10M. In the last 24 hours, 10,205 NRIM shares were traded.

How to Buy Northrim Bancorp Stock

Not sure how to invest in Northrim Bancorp stock? Here's how.
  1. 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.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your brokerage account: Pick your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

Our recommended brokerage: eToro

Based on our research, eToro is the best online stock brokerage. Here's why:

  • Invest in stocks with 0% commissions: Invest without commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
  • Access to global markets: From Tech to Healthcare, New York to Hong Kong — you can fill your portfolio with stocks from the globe's top stock exchanges.
  • Social investing: eToro offers a community of more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of other investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other financial assets: Such as ETFs and cryptos.

Get $10 towards your purchase of stock by creating an account with eToro now.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 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

  1. 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.
  2. Input your personal data to create a new brokerage account.
  1. Submit your info by clicking the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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 Price
$53.84
1w %
-4.28%
1y %
37.14%
5y %
56.06%
P/E
10.41x
P/B
1.24x
P/S
2.27x
PEG
1.2x
Revenue
$130.35M
Earnings
$28.76M
Fore. Rev. Growth
8.63%
Fore. Earn. Growth
N/A
Market Cap
$296.10M
Next Earnings
Jul 25, 2024
Next Dividend
Jun 14, 2024

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 10.41x, relative to Banks - Regional industry P/E ratio of -8.24x
  • NRIM may be overvalued based on its P/B ratio of 1.24x, relative to Banks - Regional industry P/B ratio of 1.04x
  • NRIM may be overvalued based on its PEG ratio of 1.2x

You can do additional valuation analysis on NRIM's stock here.

NRIM Financial Health Overview

Positive Financial Indicators:

  • NRIM earnings of $36.04M is not sufficient to cover its interest payments.
  • NRIM's operating cash flow of $29.03M allows it to safely service it's debt of $32.76M.

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 10.53.
  • NRIM profit margin has gone down from 22.4% to 22.1% in the past year.

You can dig deeper into what analysts are saying on the Northrim Bancorp stock forecast page.

NRIM Momentum

SMA10
54.59
SMA20
52.31
SMA50
49.48
SMA100
50.11
SMA200
47.75
MACD
1.66
MACD Signal
1.68
MACD Histogram
-0.02
RSI
58.74
Stochastic %K
54.68
Stochastic %D
62.82
StochRSI %K
17.04
StochRSI %D
29.43

How are NRIM Revenues/Earnings doing?

Last year, NRIM earnings were $28.76M. During the past five year, NRIM's earnings have gone up by 11.88% per year. This was slower than the Banks - Regional industry average of 14.14%.

Last year, NRIM revenue was $130.35M. During the past 5 year, NRIM's revenue has grown by 6.6% per year. This was slower than the Banks - Regional industry average of 10.98%.

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 4.48%, compared to the Banks - Regional industry's average dividend yield of 3.71%. If you owned $1,000 of NRIM stock, you would have been paid $44.76 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:

Open eToro Account

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:

  1. Decide where to buy Northrim Bancorp stock
  2. Sign up for your brokerage account
  3. Deposit funds into your brokerage account
  4. Research Northrim Bancorp stock
  5. Make your NRIM buy order
  6. Keep an eye on your NRIM position

If you require a brokerage account, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep tabs on your investment in Northrim Bancorp, add NRIM to your watchlist below.

NASDAQ: NRIM
$53.84+0.83 (+1.57%)
Updated May 24, 2024
Open eToro Account
NASDAQ: NRIM
$53.84+0.83 (+1.57%)
Updated May 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Northrim Bancorp share?

As of May 24, 2024, it costs $53.84 to buy one share of Northrim Bancorp stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.186 shares of NRIM.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Northrim Bancorp stock?

One way to place an order for Northrim Bancorp stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.