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NASDAQ: NRIM
Northrim Bancorp Inc Stock

$56.25+0.04 (+0.07%)
Updated May 17, 2024
NRIM Price
$56.25
Fair Value Price
N/A
Market Cap
$309.35M
52 Week Low
$36.91
52 Week High
$59.90
P/E
10.88x
P/B
1.29x
P/S
2.13x
PEG
1.26x
Dividend Yield
4.28%
Revenue
$130.35M
Earnings
$28.76M
Gross Margin
100%
Operating Margin
27.65%
Profit Margin
22.1%
Debt to Equity
10.53
Operating Cash Flow
$29M
Beta
1.04
Next Earnings
May 23, 2024
Ex-Dividend
N/A
Next Dividend
N/A

NRIM Overview

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, 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. It also provides short and medium-term commercial loans, commercial credit lines, construction and real estate loans, and consumer loans, as well as short-term working capital. In addition, the company offers other services comprising consumer and business online banking, mobile app, and mobile deposits; and debit and credit cards. Further, it provides mobile web and text banking, consumer online account opening, personal finance, online documents, consumer debit cards, business debit cards, my rewards for consumer debit cards, retail lockbox, card control, business employee purchase cards, home equity advantage access cards, telebanking, and automated teller services. Additionally, the company offers personalized checks at account opening, overdraft protection from a savings account, commercial drive-up banking, automatic transfer and payment, People Pay, external transfer, Bill Pay, wire transfer, direct payroll deposit, electronic tax payment, Automated Clearing House origination and receipt, remote deposit capture, account reconciliation and positive pay, merchant, cash management, annuity, and long term investment portfolio products and services. It also provides investment advisory, trust, wealth management, factoring, and mortgage brokerage services. As of January 28, 2022, the company operated 17 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, Fairbanks, Ketchikan, and Sitka. Northrim BanCorp, Inc. was founded in 1990 and is headquartered in Anchorage, Alaska.

Zen Score

Industry Average (31)
You've viewed Zen Score for 10/10 free stocks. Upgrade to Premium to see how NRIM scored across 38 valuation, financial, forecast, performance, and dividend due diligence checks.

Due Diligence Checks

NRIM ($56.25) is trading above its intrinsic value of $44.04, according to an updated version of Benjamin Graham's Formula from Chapter 11 of "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
NRIM is good value based on its earnings relative to its share price (10.88x), compared to the US market average (30.97x)
P/E vs Market Valuation
NRIM is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
There are 35 more NRIM due diligence checks available for Premium users.

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NRIM News

Valuation

NRIM fair value

Fair Value of NRIM stock based on Discounted Cash Flow (DCF)
Price
$56.25
Fair Value
$53.44
Overvalued by
5.25%
NRIM ($56.25) is trading above... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

NRIM price to earnings (PE)

For valuing profitable companies with steady earnings
Company
10.88x
Industry
-7.74x
Market
30.97x
NRIM is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
NRIM is good value based... subscribe to Premium to read more.
P/E vs Market Valuation

NRIM price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
1.29x
Industry
1.06x
NRIM is poor value based... subscribe to Premium to read more.
P/B vs Industry Valuation

NRIM price to earnings growth (PEG)

For valuing profitable companies with growth potential
NRIM is poor value relative... subscribe to Premium to read more.
PEG Value Valuation

NRIM's financial health

Profit margin

Revenue
$34.1M
Net Income
$8.2M
Profit Margin
24%
NRIM's Earnings (EBIT) of $36.04M... subscribe to Premium to read more.
Interest Coverage Financials
NRIM's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$2.8B
Liabilities
$2.5B
Debt to equity
10.53
NRIM's debt has increased relative... subscribe to Premium to read more.
Shrinking Debt Financials
NRIM's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
-$5.5M
Investing
$22.6M
Financing
-$55.2M
NRIM's operating cash flow ($29.03M)... subscribe to Premium to read more.
Debt Coverage Financials

NRIM vs Bank Stocks

TickerMarket Cap1d %P/EP/B
NRIM$309.35M+0.07%10.88x1.29x
HBCP$309.04M+1.28%7.97x0.83x
FMAO$312.77M+0.40%14.38x0.98x
WTBA$300.47M-0.72%13.54x1.34x
BSRR$320.23M-0.14%9.03x0.93x

Northrim Bancorp Stock FAQ

What is Northrim Bancorp's quote symbol?

(NASDAQ: NRIM) Northrim Bancorp trades on the NASDAQ under the ticker symbol NRIM. Northrim Bancorp stock quotes can also be displayed as NASDAQ: NRIM.

If you're new to stock investing, here's how to buy Northrim Bancorp stock.

What is the 52 week high and low for Northrim Bancorp (NASDAQ: NRIM)?

(NASDAQ: NRIM) Northrim Bancorp's 52-week high was $59.90, and its 52-week low was $36.91. It is currently -6.09% from its 52-week high and 52.4% from its 52-week low.

How much is Northrim Bancorp stock worth today?

(NASDAQ: NRIM) Northrim Bancorp currently has 5,499,578 outstanding shares. With Northrim Bancorp stock trading at $56.25 per share, the total value of Northrim Bancorp stock (market capitalization) is $309.35M.

Northrim Bancorp stock was originally listed at a price of $8.95 in Dec 31, 1997. If you had invested in Northrim Bancorp stock at $8.95, your return over the last 26 years would have been 528.77%, for an annualized return of 7.33% (not including any dividends or dividend reinvestments).

How much is Northrim Bancorp's stock price per share?

(NASDAQ: NRIM) Northrim Bancorp stock price per share is $56.25 today (as of May 17, 2024).

What is Northrim Bancorp's Market Cap?

(NASDAQ: NRIM) Northrim Bancorp's market cap is $309.35M, as of May 18, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Northrim Bancorp's market cap is calculated by multiplying NRIM's current stock price of $56.25 by NRIM's total outstanding shares of 5,499,578.
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