Northrim BanCorpNRIM
NRIM
About: Northrim BanCorp Inc is a bank holding company. The company operates in two segments: Community Banking and Home Mortgage Lending. It generates maximum revenue from the Community Banking segment. It offers to spend and save products such as checking, savings, money market accounts, debit cards, cashback rewards, and credit cards. It also includes loans and credit lines, mortgage loans, investment, and plan products.
Employees: 472
0
Funds holding %
of 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
380% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 5
27% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 33
15% more funds holding
Funds holding: 108 [Q3] → 124 (+16) [Q4]
9% more capital invested
Capital invested by funds: $271M [Q3] → $296M (+$25.2M) [Q4]
0.17% less ownership
Funds ownership: 69.26% [Q3] → 69.09% (-0.17%) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for NRIM.
Financial journalist opinion
Based on 4 articles about NRIM published over the past 30 days
Positive
Zacks Investment Research
4 days ago
Why Northrim BanCorp (NRIM) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Northrim BanCorp (NRIM) have what it takes?
Neutral
GlobeNewsWire
3 weeks ago
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.64 per Share
ANCHORAGE, Alaska, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.64 per share. The dividend will be payable on March 14, 2025, to shareholders of record at the close of business on March 6, 2025.
Positive
Zacks Investment Research
4 weeks ago
Northrim BanCorp (NRIM) Q4 Earnings and Revenues Surpass Estimates
Northrim BanCorp (NRIM) came out with quarterly earnings of $1.95 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $1.19 per share a year ago.
Neutral
GlobeNewsWire
4 weeks ago
Northrim BanCorp Earns $10.9 Million, or $1.95 Per Diluted Share, in Fourth Quarter 2024, and $37.0 Million, or $6.62 Per Diluted Share, for the Year Ended December 31, 2024
ANCHORAGE, Alaska, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $10.9 million, or $1.95 per diluted share, in the fourth quarter of 2024, compared to $8.8 million, or $1.57 per diluted share, in the third quarter of 2024, and $6.6 million, or $1.19 per diluted share, in the fourth quarter a year ago. The increase in the fourth quarter of 2024 compared to the third quarter of 2024 is primarily due to an increase in purchased receivable income due to the Company's acquisition of Sallyport Commercial Finance, LLC (“Sallyport”), which was completed on October 31, 2024. Sallyport and its direct and indirect subsidiaries provide services and products related to factoring and asset-based lending in the United States, Canada, and the United Kingdom. Additionally, in the fourth quarter of 2024 the Company had an increase in mortgage banking income, primarily as a result of an increase in the fair value of a mortgage servicing portfolio that the Company purchased from another financial institution in the fourth quarter. The increase profitability in the fourth quarter of 2024 as compared to the same quarter of the prior year was largely driven by an increase in mortgage banking income and higher net interest income, as well as an increase in purchased receivable income as noted above, which was only partially offset by higher other operating expenses and an increase in the provision for credit losses.
Neutral
Seeking Alpha
1 month ago
Northrim BanCorp: Not Ready For A Downgrade Just Yet, But Getting Close
Northrim BanCorp, Inc. has significantly outperformed the S&P 500, with shares rising 52% since May 2024 and 75% since August 2023. Despite initial thoughts of downgrading, recent growth, strategic acquisition, and improved financials justify maintaining a soft 'buy' rating. The acquisition of Sallyport Commercial Finance is expected to boost 2025 earnings by 15% and 2026 earnings per share by 20%.
Positive
Zacks Investment Research
2 months ago
Here's Why Momentum in Northrim (NRIM) Should Keep going
Northrim (NRIM) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Neutral
GlobeNewsWire
2 months ago
Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.62 per Share
ANCHORAGE, Alaska, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.62 per share. The dividend will be payable on December 27, 2024, to shareholders of record at the close of business on December 19, 2024.
Neutral
GlobeNewsWire
2 months ago
Northrim BanCorp, Inc. Appoints Shauna Hegna to its Board of Directors
ANCHORAGE, AK, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) announced that Shauna Hegna has been appointed to its Board of Directors.
Positive
Zacks Investment Research
2 months ago
Northrim (NRIM) is on the Move, Here's Why the Trend Could be Sustainable
If you are looking for stocks that are well positioned to maintain their recent uptrend, Northrim (NRIM) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
Positive
Zacks Investment Research
2 months ago
Northrim (NRIM) is on the Move, Here's Why the Trend Could be Sustainable
Northrim (NRIM) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
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