Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
15 November 1990Website:
http://www.northrim.comNext earnings report:
26 July 2024Last dividends:
06 June 2024Next dividends:
N/APrice
regular market | Wed, 03 Jul 2024 13:30:00 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
NRIM Latest News
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?
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.
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?
ANCHORAGE, Alaska, May 24, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.61 per share. The dividend will be payable on June 14, 2024, to shareholders of record at the close of business on June 6, 2024.
Northrim BanCorp, Inc. has experienced a slight rise in shares, although it has not kept pace with the S&P 500. The company has demonstrated improved profitability but a slight decrease in deposits. Despite some reservations, the company's strong asset foundation and share repurchase initiative justify a cautious "buy" recommendation.
Are dividends the most appealing aspect of being a shareholder, and is Northrim BanCorp (NRIM) a strong contender in this regard?
Are dividends a top perk for shareholders, and is Northrim BanCorp (NRIM) a strong contender for a great dividend stock?
Northrim BanCorp (NRIM) reported quarterly earnings of $1.48 per share, surpassing the Zacks Consensus Estimate of $1.05 per share. This is an increase from earnings of $0.84 per share in the same quarter last year.
Are dividends a top perk of being a shareholder, but identifying a solid dividend stock can be challenging. Is Northrim BanCorp (NRIM) up to the task?
Robust top-line growth on the back of higher rates, decent loan demand and solid deposit balance will support Northrim BanCorp (NRIM). This makes the stock an attractive pick.
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What type of business is Northrim BanCorp?
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.
What sector is Northrim BanCorp in?
Northrim BanCorp is in the Financial Services sector
What industry is Northrim BanCorp in?
Northrim BanCorp is in the Banks - Regional industry
What country is Northrim BanCorp from?
Northrim BanCorp is headquartered in United States
When did Northrim BanCorp go public?
Northrim BanCorp initial public offering (IPO) was on 15 November 1990
What is Northrim BanCorp website?
https://www.northrim.com
Is Northrim BanCorp in the S&P 500?
No, Northrim BanCorp is not included in the S&P 500 index
Is Northrim BanCorp in the NASDAQ 100?
No, Northrim BanCorp is not included in the NASDAQ 100 index
Is Northrim BanCorp in the Dow Jones?
No, Northrim BanCorp is not included in the Dow Jones index
When does Northrim BanCorp report earnings?
The next expected earnings date for Northrim BanCorp is 26 July 2024