Hovde Group initiated coverage on Northrim Bank with a new price target
$NRIM
Savings Institutions
Finance
Hovde Group initiated coverage of Northrim Bank with a rating of Outperform and set a new price target of $96.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/24/2025 | $28.00 → $33.00 | Outperform | Hovde Group |
| 4/28/2025 | $99.00 → $104.00 | Outperform | Hovde Group |
| 12/20/2024 | $96.50 | Outperform | Hovde Group |
| 2/25/2022 | Neutral → Buy | Janney |
ANCHORAGE, Alaska, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on December 26, 2025, to shareholders of record at the close of business on December 18, 2025. "We are pleased to announce a quarterly dividend of $0.16 per share, as we continue to provide returns to our shareholders," said Mike Huston, President and CEO. At the stock price of $25.05 per share at the close of the market on December 4, 2025, the current dividend equates to a yield of 2.55% on an annualized basis. On October 22, 2025, Northrim reported net income of
ANCHORAGE, Alaska, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM). ("Northrim" or the "Company") today announced the completion of its private placement of $60.0 million in aggregate principal amount of 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035 (the "Notes") to certain qualified institutional buyers and institutional accredited investors. The Notes bear interest at a fixed annual rate of 6.875% for the first five years and will reset quarterly thereafter to the then current three-month SOFR rate plus 348 basis points. The Notes are intended to qualify as Tier 2 capital for regulatory capital purposes for the Company.The Company intends to use the ne
KBRA assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to Northrim BanCorp, Inc. (NASDAQ:NRIM)("Northrim" or "the company"). Additionally, KBRA assigns deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 to its subsidiary, Northrim Bank. The Outlook for all long-term ratings is Stable. Northrim's ratings are supported by the company's strong earnings power, which is upheld by a low-cost deposit franchise and higher-yielding commercial loan portfolio that are additive to the above average NIM. Furthermore, the earnings profile has benefited fro
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4 - NORTHRIM BANCORP INC (0001163370) (Issuer)
4 - NORTHRIM BANCORP INC (0001163370) (Issuer)
4 - NORTHRIM BANCORP INC (0001163370) (Issuer)
Hovde Group reiterated coverage of Northrim Bank with a rating of Outperform and set a new price target of $33.00 from $28.00 previously
Hovde Group reiterated coverage of Northrim Bank with a rating of Outperform and set a new price target of $104.00 from $99.00 previously
Hovde Group initiated coverage of Northrim Bank with a rating of Outperform and set a new price target of $96.50
ANCHORAGE, AK, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) announced that Shauna Hegna has been appointed to its Board of Directors. "We are pleased to have Shauna join our Board," said Joe Schierhorn, Chairman of the Board. "Shauna has extensive expertise in shareholder services, communications, and government affairs. Her proven leadership and accomplishments will be a notable addition to our Board of Directors." Hegna has served as President of Koniag, an Alaska Native regional corporation, since 2017. Ranked No. 7 on Alaska Business' Top 49ers list, Koniag is one of the largest for-profit companies headquartered in the state. Prior to joining Koniag
ANCHORAGE, Alaska, April 26, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp announces the retirement of Residential Mortgage Chief Executive Officer, Steve Aldrich. Residential Mortgage is a wholly owned subsidiary of Northrim Bank which is a wholly owned subsidiary of Northrim BanCorp. Northrim Chairman and CEO Joe Schierhorn thanks Steve for his 25 years at Residential Mortgage and dedication to our community. Aldrich's last day with the company will be May 5, 2023. He has been with Residential Mortgage since they opened their doors in 1998 and served as the executive vice president, chief operating officer, and president, before assuming the chief executive officer role. He has led with hu
ANCHORAGE, Alaska, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) announced that Marilyn F. Romano has been appointed to the Board of Directors. "We are pleased to have Marilyn join our Board," said Joe Schierhorn, President and CEO. "Marilyn's expertise spans a wide range of areas including strategic external relations, corporate giving, sales and marketing, communications and government affairs. Her knowledge and experience will be a notable addition to our Board of Directors." Romano is currently the Regional Vice President in Alaska for Alaska Airlines, where she maintains close relations with the over 1,900 employees in the state and the communities served by
ANCHORAGE, Alaska, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on December 26, 2025, to shareholders of record at the close of business on December 18, 2025. "We are pleased to announce a quarterly dividend of $0.16 per share, as we continue to provide returns to our shareholders," said Mike Huston, President and CEO. At the stock price of $25.05 per share at the close of the market on December 4, 2025, the current dividend equates to a yield of 2.55% on an annualized basis. On October 22, 2025, Northrim reported net income of
KBRA assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to Northrim BanCorp, Inc. (NASDAQ:NRIM)("Northrim" or "the company"). Additionally, KBRA assigns deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 to its subsidiary, Northrim Bank. The Outlook for all long-term ratings is Stable. Northrim's ratings are supported by the company's strong earnings power, which is upheld by a low-cost deposit franchise and higher-yielding commercial loan portfolio that are additive to the above average NIM. Furthermore, the earnings profile has benefited fro
ANCHORAGE, Alaska, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim" or the "Company") today reported net income of $27.1 million, or $1.20 per diluted share, in the third quarter of 2025, compared to $11.8 million, or $0.52 per diluted share, in the second quarter of 2025, and $8.8 million, or $0.39 per diluted share, in the third quarter a year ago. The increase in third quarter 2025 profitability as compared to the third quarter a year ago was primarily the result of the gain from the sale of certain assets by Pacific Wealth Advisors of $14.2 million, as well as an increase in net interest income, and higher purchased receivable income, which were partia
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