Insider Buying: Northrim BanCorp (NASDAQ:NRIM) Director Acquires $31,440.00 in Stock

September 9, 2026 by InsiderTrades.com

Key Points

Director Linda Thomas purchased 1,200 Northrim BanCorp shares at $26.20 each, investing $31,440 and increasing her ownership by 21.87% to 6,688 shares.
Northrim BanCorp exceeded quarterly expectations, reporting $0.68 in EPS versus the $0.61 consensus and revenue of $53.79 million versus $51.80 million expected.
The company raised its quarterly dividend to $0.17 per share, equivalent to a $0.68 annualized payout and a 2.6% yield; analysts maintain a “Moderate Buy” consensus with a $30 target price.

Northrim BanCorp Inc (NASDAQ:NRIM - Get Free Report) Director Linda Thomas purchased 1,200 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The stock was acquired at an average price of $26.20 per share, with a total value of $31,440.00. Following the purchase, the director owned 6,688 shares in the company, valued at $175,225.60. This represents a 21.87% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Northrim BanCorp Stock Performance

Shares of NRIM stock opened at $26.03 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. Northrim BanCorp Inc has a 12-month low of $19.60 and a 12-month high of $30.82. The business's 50 day moving average is $26.72 and its two-hundred day moving average is $25.17. The company has a market capitalization of $579.17 million, a P/E ratio of 8.56 and a beta of 0.87.

Northrim BanCorp (NASDAQ:NRIM - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.07. The business had revenue of $53.79 million during the quarter, compared to analysts' expectations of $51.80 million. Northrim BanCorp had a return on equity of 17.33% and a net margin of 26.03%. Analysts expect that Northrim BanCorp Inc will post 2.68 EPS for the current fiscal year.

Northrim BanCorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Thursday, September 10th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, September 10th. This is a boost from Northrim BanCorp's previous quarterly dividend of $0.16. Northrim BanCorp's payout ratio is presently 21.05%.

Analyst Upgrades and Downgrades

NRIM has been the topic of several recent analyst reports. Hovde Group started coverage on shares of Northrim BanCorp in a report on Tuesday. They set an "outperform" rating and a $30.00 price objective on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Northrim BanCorp in a research note on Wednesday, July 1st. They set a "market perform" rating and a $30.00 target price for the company. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Northrim BanCorp in a research report on Tuesday, June 16th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.00.

Read Our Latest Stock Analysis on Northrim BanCorp

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Western Wealth Management LLC purchased a new stake in shares of Northrim BanCorp in the first quarter valued at approximately $27,000. Quarry LP lifted its position in Northrim BanCorp by 47.7% during the fourth quarter. Quarry LP now owns 1,275 shares of the financial services provider's stock worth $34,000 after buying an additional 412 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Northrim BanCorp by 298.0% during the third quarter. CANADA LIFE ASSURANCE Co now owns 1,568 shares of the financial services provider's stock worth $34,000 after buying an additional 1,174 shares in the last quarter. IFP Advisors Inc boosted its stake in Northrim BanCorp by 97.0% during the second quarter. IFP Advisors Inc now owns 1,375 shares of the financial services provider's stock worth $38,000 after buying an additional 677 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in Northrim BanCorp by 227.2% during the third quarter. Ameritas Investment Partners Inc. now owns 1,816 shares of the financial services provider's stock worth $39,000 after buying an additional 1,261 shares during the last quarter. 65.99% of the stock is owned by hedge funds and other institutional investors.

Northrim BanCorp Company Profile

(Get Free Report)

Northrim BanCorp is the bank holding company for Northrim Bank, a community bank headquartered in Anchorage, Alaska. The company offers a comprehensive suite of personal and commercial banking products and services, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury and cash management solutions.

With branches located across Alaska's major population centers—such as Anchorage, Fairbanks and Juneau—Northrim serves both urban and rural communities.