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Northrim BanCorp Inc (NRIM)NRIM
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Upturn Advisory Summary
09/18/2024: NRIM (3-star) is a STRONG-BUY. BUY since 15 days. Profits (4.58%). Updated daily EoD!
Analysis of Past Upturns
Type: Stock | Upturn Star Rating | Today’s Advisory: Strong Buy |
Profit: 86.47% | Upturn Advisory Performance 4 | Avg. Invested days: 41 |
Profits based on simulation | Stock Returns Performance 4 | Last Close 09/18/2024 |
Type: Stock | Today’s Advisory: Strong Buy |
Profit: 86.47% | Avg. Invested days: 41 |
Upturn Star Rating | Stock Returns Performance 4 |
Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 4 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 384.59M USD |
Price to earnings Ratio 12.11 | 1Y Target Price 70 |
Dividends yield (FY) 3.57% | Basic EPS (TTM) 5.77 |
Volume (30-day avg) 15834 | Beta 0.73 |
52 Weeks Range 36.61 - 73.65 | Updated Date 09/18/2024 |
Company Size Small-Cap Stock | Market Capitalization 384.59M USD | Price to earnings Ratio 12.11 | 1Y Target Price 70 |
Dividends yield (FY) 3.57% | Basic EPS (TTM) 5.77 | Volume (30-day avg) 15834 | Beta 0.73 |
52 Weeks Range 36.61 - 73.65 | Updated Date 09/18/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 23.61% | Operating Margin (TTM) 33.33% |
Management Effectiveness
Return on Assets (TTM) 1.18% | Return on Equity (TTM) 13.75% |
Revenue by Products
Revenue by Products - Current and Previous Year
Valuation
Trailing PE 12.11 | Forward PE 12.38 |
Enterprise Value 389554080 | Price to Sales(TTM) 2.82 |
Enterprise Value to Revenue 3.21 | Enterprise Value to EBITDA - |
Shares Outstanding 5501940 | Shares Floating 5338535 |
Percent Insiders 3.33 | Percent Institutions 69.97 |
Trailing PE 12.11 | Forward PE 12.38 | Enterprise Value 389554080 | Price to Sales(TTM) 2.82 |
Enterprise Value to Revenue 3.21 | Enterprise Value to EBITDA - | Shares Outstanding 5501940 | Shares Floating 5338535 |
Percent Insiders 3.33 | Percent Institutions 69.97 |
Analyst Ratings
Rating 5 | Target Price 58 | Buy - |
Strong Buy 1 | Hold - | Sell - |
Strong Sell - |
Rating 5 | Target Price 58 | Buy - | Strong Buy 1 |
Hold - | Sell - | Strong Sell - |
AI Summarization
Northrim BanCorp Inc. - A Comprehensive Overview
Company Profile:
History and Background:
Northrim BanCorp Inc. (NRIM), established in 2006, is a bank holding company headquartered in Anchorage, Alaska. NRIM operates three wholly-owned subsidiaries: Northrim Bank, N.A., a state-chartered commercial bank; Northrim Trust Company, N.A., a trust company; and Northrim Insurance Solutions, Inc., an insurance agency.
Core Business Areas:
NRIM focuses on providing a comprehensive range of financial services to individuals, businesses, and institutions in Alaska. These services include:
- Commercial Banking: Offering deposit accounts, loans, treasury management, and trade finance solutions to businesses of all sizes.
- Retail Banking: Providing checking and savings accounts, certificates of deposit, mortgages, consumer loans, and debit and credit cards to individuals.
- Wealth Management: Offering investment management services, trust services, and retirement planning solutions.
- Insurance Services: Providing insurance products through Northrim Insurance Solutions, Inc.
Leadership and Structure:
NRIM is led by Mark W. Nordlund, President and Chief Executive Officer. The company's Board of Directors comprises experienced professionals from various business sectors. NRIM's organizational structure is designed to ensure efficient and effective management of its operations.
Top Products and Market Share:
- Commercial Banking: NRIM is a leading commercial bank in Alaska, with a strong market share in business loans and deposits.
- Retail Banking: NRIM holds a significant market share in deposits and consumer loans within its primary market area.
- Wealth Management: NRIM offers a range of wealth management services, including investment management, trust services, and retirement planning.
- Insurance Services: NRIM's insurance agency provides a comprehensive range of insurance products to individuals and businesses.
Total Addressable Market:
The total addressable market for NRIM is the banking and financial services industry in Alaska. This market is estimated to be worth over $20 billion.
Financial Performance:
NRIM has consistently delivered strong financial performance in recent years. The company has reported revenue growth, increasing net income, and improving profit margins. NRIM's balance sheet remains healthy with adequate cash flow.
Dividends and Shareholder Returns:
NRIM has a history of paying dividends to its shareholders. The company's recent dividend yield is around 2.5%. NRIM has also delivered strong total shareholder returns over various time periods.
Growth Trajectory:
NRIM has experienced historical growth over the past 5-10 years. The company's future growth prospects are positive, considering its focus on organic growth initiatives and strategic acquisitions.
Market Dynamics:
The banking and financial services industry in Alaska is characterized by strong competition. However, NRIM is well-positioned within the market due to its strong brand recognition, loyal customer base, and diversified product offerings.
Key Competitors:
- First National Bank Alaska (FNBA): FNBA is the largest bank in Alaska, with a significant market share in deposits and loans.
- Wells Fargo & Company (WFC): WFC is a major national bank with a strong presence in Alaska.
- Bank of America Corporation (BAC): BAC is another major national bank with a presence in Alaska.
Potential Challenges and Opportunities:
Challenges:
- Competition from larger national banks.
- Economic downturns in Alaska.
- Regulatory changes in the banking industry.
Opportunities:
- Growth through acquisitions.
- Expansion into new product lines.
- Leveraging technology to improve efficiency and customer experience.
Recent Acquisitions:
NRIM has not made any acquisitions in the last three years.
AI-Based Fundamental Rating:
Based on an AI-based analysis of NRIM's financial health, market position, and future prospects, the company receives a rating of 7 out of 10. This rating indicates that NRIM is a financially sound company with strong growth potential. However, investors should be aware of the challenges faced by the company, including competition and economic downturns.
Sources and Disclaimers:
This analysis is based on publicly available information from NRIM's website, financial statements, and other reputable sources. Investors should conduct their own due diligence before making investment decisions.
Disclaimer: This information is for educational purposes only and should not be considered as financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Northrim BanCorp Inc
Exchange | NASDAQ | Headquaters | Anchorage, AK, United States |
IPO Launch date | 1993-10-25 | President, COO, CEO & Director | Mr. Michael G. Huston |
Sector | Financial Services | Website | https://www.northrim.com |
Industry | Banks - Regional | Full time employees | 472 |
Headquaters | Anchorage, AK, United States | ||
President, COO, CEO & Director | Mr. Michael G. Huston | ||
Website | https://www.northrim.com | ||
Website | https://www.northrim.com | ||
Full time employees | 472 |
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 through 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 app 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, corporate purchase cards, integrated payables, 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 services. The company was founded in 1990 and is headquartered in Anchorage, Alaska.
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