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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/25/2022 | Neutral → Buy | Janney |
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. "Having worked with Nick and the Sallyport team for several
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. Dividends p
ANCHORAGE, Alaska, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.62 per share. The dividend will be payable on September 13, 2024, to shareholders of record at the close of business on September 5, 2024. "We are pleased to announce a quarterly dividend of $0.62 per share, as we continue to provide returns to our shareholders," said Mike Huston, President and CEO. At the stock price of $64.30 per share at the close of the market on August 22, 2024, the current dividend equates to a yield of 3.86% on an annualized basis. On July 24, 2024, Northri
8-K - NORTHRIM BANCORP INC (0001163370) (Filer)
10-Q - NORTHRIM BANCORP INC (0001163370) (Filer)
8-K - NORTHRIM BANCORP INC (0001163370) (Filer)
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, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) announced that Joseph (Joe) Marushack has been appointed to the Board of Directors, effective immediately. “We are pleased that Joe has decided to join our Board,” said Joe Schierhorn, President and CEO. “Joe is well known and highly respected in Alaska’s business communities, especially within the oil & gas industry. He brings a wealth of knowledge from his executive experience and will be a good addition to our Board of Directors.” Marushack recently retired from his position as President of ConocoPhillips, Alaska. He began his career with Phillips Petroleum Company in 1982 as a staff engineer in
4 - NORTHRIM BANCORP INC (0001163370) (Issuer)
4 - NORTHRIM BANCORP INC (0001163370) (Issuer)
Janney upgraded Northrim Bank from Neutral to Buy
Northrim BanCorp (NASDAQ:NRIM) reported quarterly earnings of $1.62 per share which beat the analyst consensus estimate of $1.31 by 23.66 percent. This is a 65.31 percent increase over earnings of $0.98 per share from the same period last year.
Northrim BanCorp (NASDAQ:NRIM) reported quarterly earnings of $1.48 per share which beat the analyst consensus estimate of $1.05 by 40.95 percent. This is a 76.19 percent increase over earnings of $0.84 per share from the same period last year.
With U.S. stock futures trading mixed this morning on Monday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Super Micro Computer, Inc. (NASDAQ:SMCI) to report quarterly earnings at $4.93 per share on revenue of $3.06 billion after the closing bell. Super Micro Computer shares rose 0.5% to $476.38 in after-hours trading. Northrim BanCorp, Inc. (NASDAQ:NRIM) said its board authorized repurchase of up to additional 110,000 shares of its common stock. Northrim BanCorp shares gained 0.3% to close at $53.60 on Friday. Analysts are expecting Nucor Corporation (NYSE:NUE) to earn $2.87 per share on revenue of $7.65 billion for the latest quarter. The
SC 13G - NORTHRIM BANCORP INC (0001163370) (Subject)
SC 13G/A - NORTHRIM BANCORP INC (0001163370) (Subject)
SC 13G/A - NORTHRIM BANCORP INC (0001163370) (Subject)
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. "Having worked with Nick and the Sallyport team for several
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. Dividends p
ANCHORAGE, Alaska, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.62 per share. The dividend will be payable on September 13, 2024, to shareholders of record at the close of business on September 5, 2024. "We are pleased to announce a quarterly dividend of $0.62 per share, as we continue to provide returns to our shareholders," said Mike Huston, President and CEO. At the stock price of $64.30 per share at the close of the market on August 22, 2024, the current dividend equates to a yield of 3.86% on an annualized basis. On July 24, 2024, Northri
4 - NORTHRIM BANCORP INC (0001163370) (Issuer)
4 - NORTHRIM BANCORP INC (0001163370) (Issuer)
4 - NORTHRIM BANCORP INC (0001163370) (Issuer)