Recent Insider Activity: Northrim BanCorp Inc $NRIM

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Northrim BanCorp Inc (NRIM) insider have most recently took part in a trading activity. On Aug 28, 2017 Karp David W, Director bought 650 shares having total worth of $18,330 at the price of $28.2 per share, following the transaction a total of 1,716 shares owned by Karp David W.

The stock has experienced a total of 4 insider trades in the past three months. These trades include 4 buy trades. Furthermore, over the past 12 months , the stock was traded 9 times by insiders. In 3 of these trades, the insider was a seller while an employee of the company was the buyer in 6 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 4 0 -2.29%
12 Month 6 3 31.96%

Shares of Northrim BanCorp Inc (NRIM) traded up 5.17% on Aug 28, 2017, hitting $29.5. 38,378 shares of the company’s stock traded hands. Northrim BanCorp Inc has a 52 week low of $22.36 and a 52 week high of $32.33. The company’s market cap is $173 million.

Northrim BanCorp Inc (NRIM) last announced its earnings results on Jul 31, 2017. The company reported 0.51 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.47 by $0.04. The company had revenue of $14 million for the quarter, compared to the consensus estimate of $14 million. During the same quarter in the previous year, the company posted 0.63 earnings per share. The company’s revenue for the quarter was up 1% on a year-over-year basis.

2017-07-31 2017-01-30 2016-08-01 2016-01-29 2015-10-27 2015-07-28 2015-04-28 2015-01-27 2014-10-21 2014-07-22
earnings per share 0.51 0.51 0.63 0.67 0.77 0.69 0.51 0.54 0.54 0.63
Revenue(M) 14.24 13.89 25.94 14.01 14.43 14.2 15.33 23.76 17.72 17.5

Northrim BanCorp, Inc. is incorporated in Alaska. It is a bank holding company for Northrim Bank. The Bank is a state chartered, full-service commercial bank. The Bank has ten branch locations in Alaska; seven in Anchorage, one in Fairbanks, and one each in Eagle River and Wasilla. It offers an array of commercial and consumer loan and deposit products, investment products, and electronic banking services over the Internet. The Company’s major line of business is commercial banking. Its deposit services include noninterest-bearing checking accounts and interest-bearing time deposits, checking accounts, and savings accounts. The Company’s interest-bearing accounts generally earn interest at rates established by management based on competitive market factors and management’s desire to increase or decrease certain types or maturities of deposits. It has two deposit products that are indexed to specific U.S. Treasury rates. It is an active lender with an emphasis on commercial and real estate lending. It has a significant niche in construction and land development lending in Anchorage, Fairbanks, and the Matanuska Valley (near Anchorage). In addition to its deposit and lending services, it offers its customers several 24-hour services: Consumer Online Banking, Mobile Web and Text Banking, Business Online Banking, Online Statements, Visa Check Cards, Business Visa Check Cards, Cash Back Rewards, Telebanking, faxed account statements, Internet banking for individuals and businesses, and automated teller services. Other special services include personalized checks at account opening, overdraft protection from a savings account, extended banking hours commercial drive-up banking with coin service, automatic transfers and payments, wire transfers, direct payroll deposit, electronic tax payments, Automated Clearing House origination and receipt, cash management programs to meet the specialized needs of business customers, and courier agents who pick up noncash deposits from business customers. The company competes with other commercial banks, credit unions, finance companies, mortgage banks and brokers, securities firms, insurance companies, private lenders, and other financial intermediaries. The Company is a bank holding company within the meaning of the Bank Holding Company Act of 1956 (the BHC Act) registered with and subject to examination by the Board of Governors of the Federal Reserve System (the FRB).

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.