Is Northrim BanCorp Stock a Good Investment?
Northrim BanCorp Investment Advice | NRIM |
- Examine Northrim BanCorp's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Northrim BanCorp's leadership team and their track record. Good management can help Northrim BanCorp navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Regional Banks space and any emerging trends that could impact Northrim BanCorp's business and its evolving consumer preferences.
- Compare Northrim BanCorp's performance and market position to its competitors. Analyze how Northrim BanCorp is positioned in terms of product offerings, innovation, and market share.
- Check if Northrim BanCorp pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Northrim BanCorp's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Northrim BanCorp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Northrim BanCorp is a good investment.
Sell | Buy |
Strong Buy
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine Northrim BanCorp Stock
Researching Northrim BanCorp's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 72.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.73. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Northrim BanCorp recorded earning per share (EPS) of 5.86. The entity last dividend was issued on the 5th of September 2024. The firm had 105:100 split on the 19th of September 2007.
To determine if Northrim BanCorp is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Northrim BanCorp's research are outlined below:
| About 72.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Northrim Upgraded to Strong Buy Heres What You Should Know - MSN |
Northrim BanCorp Quarterly Long Term Debt |
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Northrim BanCorp uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Northrim BanCorp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Northrim BanCorp's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 25th of April 2024 Upcoming Quarterly Report | View | |
| 25th of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 23rd of January 2025 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of December 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Northrim BanCorp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Northrim BanCorp's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
1995-04-18 | 1995-03-31 | 0.09 | 0.1 | 0.01 | 11 | ||
1994-10-15 | 1994-09-30 | 0.09 | 0.1 | 0.01 | 11 | ||
1996-10-16 | 1996-09-30 | 0.12 | 0.14 | 0.02 | 16 | ||
1995-01-19 | 1994-12-31 | 0.1 | 0.12 | 0.02 | 20 | ||
1994-07-18 | 1994-06-30 | 0.07 | 0.09 | 0.02 | 28 | ||
1994-04-18 | 1994-03-31 | 0.1 | 0.08 | -0.02 | 20 | ||
1993-10-08 | 1993-09-30 | 0.11 | 0.13 | 0.02 | 18 | ||
2009-10-21 | 2009-09-30 | 0.27 | 0.3 | 0.03 | 11 |
Know Northrim BanCorp's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Northrim BanCorp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Northrim BanCorp backward and forwards among themselves. Northrim BanCorp's institutional investor refers to the entity that pools money to purchase Northrim BanCorp's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Bridgeway Capital Management, Llc | 2024-06-30 | 61.6 K | Huber Capital Management Llc | 2024-09-30 | 49.4 K | Northern Trust Corp | 2024-09-30 | 49 K | Bank Of New York Mellon Corp | 2024-06-30 | 47.3 K | Franklin Resources Inc | 2024-06-30 | 41.3 K | Zacks Investment Management Inc | 2024-06-30 | 40.7 K | Elizabeth Park Capital Advisors, Ltd | 2024-09-30 | 40.2 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 33.8 K | Renaissance Technologies Corp | 2024-09-30 | 32 K | Blackrock Inc | 2024-06-30 | 732.1 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 458.1 K |
Northrim BanCorp's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 468.11 M.Market Cap |
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Northrim BanCorp's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.01 | 0.01 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.11 | 0.08 |
Determining Northrim BanCorp's profitability involves analyzing its financial statements and using various financial metrics to determine if Northrim BanCorp is a good buy. For example, gross profit margin measures Northrim BanCorp's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Northrim BanCorp's profitability and make more informed investment decisions.
Evaluate Northrim BanCorp's management efficiency
Northrim BanCorp has return on total asset (ROA) of 0.0114 % which means that it generated a profit of $0.0114 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1346 %, meaning that it created $0.1346 on every $100 dollars invested by stockholders. Northrim BanCorp's management efficiency ratios could be used to measure how well Northrim BanCorp manages its routine affairs as well as how well it operates its assets and liabilities. As of the 22nd of November 2024, Return On Tangible Assets is likely to drop to 0.01. In addition to that, Return On Capital Employed is likely to drop to 0.01. At this time, Northrim BanCorp's Total Assets are very stable compared to the past year. As of the 22nd of November 2024, Non Current Assets Total is likely to grow to about 3.4 B, though Other Assets are likely to grow to (487.8 M).| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 41.90 | 35.50 | |
| Tangible Book Value Per Share | 35.03 | 34.02 | |
| Enterprise Value Over EBITDA | 2.40 | 2.28 | |
| Price Book Value Ratio | 1.37 | 1.41 | |
| Enterprise Value Multiple | 2.40 | 2.28 | |
| Price Fair Value | 1.37 | 1.41 | |
| Enterprise Value | 235.4 M | 247.2 M |
The operational strategies employed by Northrim BanCorp management play a crucial role in its market positioning. Assessing these strategies alongside financial data helps us evaluate the stock's investment potential.
Dividend Yield 0.0303 | Forward Dividend Yield 0.0303 | Forward Dividend Rate 2.48 | Beta 0.744 |
Basic technical analysis of Northrim Stock
As of the 22nd of November, Northrim BanCorp secures the Mean Deviation of 1.91, risk adjusted performance of 0.129, and Downside Deviation of 2.03. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Northrim BanCorp, as well as the relationship between them. Please verify Northrim BanCorp information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Northrim BanCorp is priced some-what accurately, providing market reflects its recent price of 85.08 per share. Given that Northrim BanCorp has jensen alpha of 0.191, we recommend you to check Northrim BanCorp's last-minute market performance to make sure the company can sustain itself at a future point.Northrim BanCorp's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Northrim BanCorp insiders, such as employees or executives, is commonly permitted as long as it does not rely on Northrim BanCorp's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Northrim BanCorp insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Northrim BanCorp's Outstanding Corporate Bonds
Northrim BanCorp issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Northrim BanCorp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Northrim bonds can be classified according to their maturity, which is the date when Northrim BanCorp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| NORTHRIVER MIDSTREAM FIN Corp BondUS66679NAA81 | View |
Understand Northrim BanCorp's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Northrim BanCorp's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.129 | |||
| Market Risk Adjusted Performance | 0.1821 | |||
| Mean Deviation | 1.91 | |||
| Semi Deviation | 1.7 | |||
| Downside Deviation | 2.03 | |||
| Coefficient Of Variation | 627.29 | |||
| Standard Deviation | 2.9 | |||
| Variance | 8.42 | |||
| Information Ratio | 0.1217 | |||
| Jensen Alpha | 0.191 | |||
| Total Risk Alpha | 0.0741 | |||
| Sortino Ratio | 0.1737 | |||
| Treynor Ratio | 0.1721 | |||
| Maximum Drawdown | 20.99 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 4.39 | |||
| Downside Variance | 4.13 | |||
| Semi Variance | 2.89 | |||
| Expected Short fall | (2.28) | |||
| Skewness | 2.26 | |||
| Kurtosis | 11.27 |
| Risk Adjusted Performance | 0.129 | |||
| Market Risk Adjusted Performance | 0.1821 | |||
| Mean Deviation | 1.91 | |||
| Semi Deviation | 1.7 | |||
| Downside Deviation | 2.03 | |||
| Coefficient Of Variation | 627.29 | |||
| Standard Deviation | 2.9 | |||
| Variance | 8.42 | |||
| Information Ratio | 0.1217 | |||
| Jensen Alpha | 0.191 | |||
| Total Risk Alpha | 0.0741 | |||
| Sortino Ratio | 0.1737 | |||
| Treynor Ratio | 0.1721 | |||
| Maximum Drawdown | 20.99 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 4.39 | |||
| Downside Variance | 4.13 | |||
| Semi Variance | 2.89 | |||
| Expected Short fall | (2.28) | |||
| Skewness | 2.26 | |||
| Kurtosis | 11.27 |
Consider Northrim BanCorp's intraday indicators
Northrim BanCorp intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Northrim BanCorp stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Northrim BanCorp Corporate Filings
F4 | 21st of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 1st of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
10Q | 30th of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
| 9th of April 2024 Other Reports | ViewVerify |
Northrim Stock media impact
Far too much social signal, news, headlines, and media speculation about Northrim BanCorp that are available to investors today. That information is available publicly through Northrim media outlets and privately through word of mouth or via Northrim internal channels. However, regardless of the origin, that massive amount of Northrim data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Northrim BanCorp news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Northrim BanCorp relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Northrim BanCorp's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Northrim BanCorp alpha.
Northrim BanCorp Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Northrim BanCorp can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Northrim BanCorp Corporate Executives
Elected by the shareholders, the Northrim BanCorp's board of directors comprises two types of representatives: Northrim BanCorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Northrim. The board's role is to monitor Northrim BanCorp's management team and ensure that shareholders' interests are well served. Northrim BanCorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Northrim BanCorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jed CPA | Executive CFO | Profile | |
| Latosha Frye | CFO, Executive VP, CFO of Northrim Bank and Executive VP of Northrim Bank | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northrim BanCorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Northrim Stock, please use our How to Invest in Northrim BanCorp guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northrim BanCorp. If investors know Northrim will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northrim BanCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.061 | Dividend Share 2.46 | Earnings Share 5.86 | Revenue Per Share 25.726 | Quarterly Revenue Growth 0.157 |
The market value of Northrim BanCorp is measured differently than its book value, which is the value of Northrim that is recorded on the company's balance sheet. Investors also form their own opinion of Northrim BanCorp's value that differs from its market value or its book value, called intrinsic value, which is Northrim BanCorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northrim BanCorp's market value can be influenced by many factors that don't directly affect Northrim BanCorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Northrim BanCorp's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Northrim BanCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northrim BanCorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.