Northrim BanCorp Inc's fundamentals are relatively healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 38/403 in the Banking Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Strong Buy, with the highest price target at 31.50.In the medium term, the stock price is expected to trend up.The company has been performing well in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Northrim BanCorp Inc's Score
Industry at a Glance
Industry Ranking
38 / 403
Overall Ranking
90 / 4563
Industry
Banking Services
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
2
analysts
Strong Buy
Current Rating
31.500
Target Price
+26.20%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Northrim BanCorp Inc Highlights
StrengthsRisks
Northrim BanCorp, Inc. is a bank holding company. The Company is primarily engaged in the delivery of business and personal banking services through its wholly owned banking subsidiary, Northrim Bank (the Bank). Its segments include Community Banking, Home Mortgage Lending, and Specialty Finance. Community Banking segment's principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. Home Mortgage Lending segment's principal business focus is the origination and sale of mortgage loans for one-to-four family residential properties, mortgage loan servicing for a portion of mortgage loans sold, and investment in certain one-to-four family residential mortgage loans. The Specialty Finance segment's principal business focus is factoring, asset-based lending and alternative working capital solutions to small and medium-sized enterprises and includes Sallyport Commercial Finance, LLC (SCF) and Northrim Funding Services.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 16.28% year-on-year.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 144.96M.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 37.05%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 37.05%.
Overvalued
The company’s latest PB is 1.90, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 16.28M shares, decreasing 4.41% quarter-over-quarter.
Northrim BanCorp, Inc. is a bank holding company. The Company is primarily engaged in the delivery of business and personal banking services through its wholly owned banking subsidiary, Northrim Bank (the Bank). Its segments include Community Banking, Home Mortgage Lending, and Specialty Finance. Community Banking segment's principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. Home Mortgage Lending segment's principal business focus is the origination and sale of mortgage loans for one-to-four family residential properties, mortgage loan servicing for a portion of mortgage loans sold, and investment in certain one-to-four family residential mortgage loans. The Specialty Finance segment's principal business focus is factoring, asset-based lending and alternative working capital solutions to small and medium-sized enterprises and includes Sallyport Commercial Finance, LLC (SCF) and Northrim Funding Services.