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 6,790 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
167% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 6
28% more capital invested
Capital invested by funds: $212M [Q2] → $271M (+$58.6M) [Q3]
10% more funds holding
Funds holding: 98 [Q2] → 108 (+10) [Q3]
2.27% more ownership
Funds ownership: 66.88% [Q2] → 69.16% (+2.27%) [Q3]
0% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 34
Research analyst outlook
We haven’t received any recent analyst ratings for NRIM.
Financial journalist opinion
Based on 5 articles about NRIM published over the past 30 days
Positive
Zacks Investment Research
3 days 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
3 days 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.
Positive
Zacks Investment Research
3 weeks ago
Surging Earnings Estimates Signal Upside for Northrim (NRIM) Stock
Northrim (NRIM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Positive
Zacks Investment Research
3 weeks ago
Northrim (NRIM) Upgraded to Strong Buy: Here's What You Should Know
Northrim (NRIM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Positive
Zacks Investment Research
3 weeks ago
Recent Price Trend in Northrim (NRIM) is Your Friend, Here's Why
Northrim (NRIM) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Neutral
GlobeNewsWire
1 month ago
Northrim BanCorp Announces Acquisition of Sallyport Commercial Finance, LLC
ANCHORAGE, Alaska, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today announced the acquisition of Sallyport Commercial Finance, LLC (“Sallyport” or “SCF”) in an all cash transaction that closed on October 31, 2024 and is valued at approximately $53.9 million. Sallyport Commercial Finance, LLC is a leading provider of factoring, asset based lending and alternative working capital solutions to small and medium sized enterprises in the United States and Canada. The transaction is expected to provide earnings accretion of approximately 15% to Northrim's 2025 operating results.
Positive
Zacks Investment Research
1 month ago
Northrim BanCorp (NRIM) Q3 Earnings and Revenues Surpass Estimates
Northrim BanCorp (NRIM) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.48 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Northrim BanCorp Earns $8.8 Million, or $1.57 Per Diluted Share, in Third Quarter 2024
ANCHORAGE, Alaska, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $8.8 million, or $1.57 per diluted share, in the third quarter of 2024, compared to $9.0 million, or $1.62 per diluted share, in the second quarter of 2024, and $8.4 million, or $1.48 per diluted share, in the third quarter a year ago. The increase in third quarter 2024 profitability as compared to the third quarter a year ago was primarily the result of an increase in mortgage banking income and higher net interest income, which was only partially offset by higher other operating expenses and a higher provision for credit losses.
Positive
Zacks Investment Research
2 months ago
Northrim (NRIM) Is a Great Choice for 'Trend' Investors, Here's Why
Northrim (NRIM) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Positive
Zacks Investment Research
2 months ago
Here's Why Momentum in Northrim (NRIM) Should Keep going
Northrim (NRIM) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
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