Northrim BanCorp Inc (NASDAQ: NRIM) is a financial institution that provides banking services in Alaska. It competes with other regional banks by offering a range of financial products. On January 31, 2025, Shauna Hegna, a director at Northrim, purchased 113 shares of the company's common stock at $84.01 each, indicating confidence in the company's future.
Northrim recently declared a quarterly cash dividend of $0.64 per share, payable on March 14, 2025, to shareholders recorded by March 6, 2025. At a stock price of $78.80 as of January 23, 2025, this dividend offers an annualized yield of 3.25%. This reflects the company's commitment to providing returns to its shareholders, as highlighted by Mike Huston, President and CEO.
Financially, Northrim reported a net income of $10.9 million, or $1.95 per diluted share, for Q4 2024. This marks an increase from $8.8 million, or $1.57 per diluted share, in Q3 2024, and a significant rise from $6.6 million, or $1.19 per diluted share, in Q4 2023. This growth demonstrates the company's improving profitability.
Northrim's price-to-earnings (P/E) ratio is approximately 12.69, indicating the price investors are willing to pay for each dollar of earnings. The price-to-sales ratio is about 2.75, suggesting the company's market value relative to its sales. These metrics help investors assess the company's valuation and growth potential.
The enterprise value to sales ratio is around 2.50, reflecting Northrim's total value compared to its sales. Additionally, the enterprise value to operating cash flow ratio is approximately 20.56, showing the company's valuation in relation to its cash flow from operations. The earnings yield of about 7.88% represents the return on investment for shareholders, highlighting the company's financial health.
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