Joseph Schierhorn - Northrim BanCorp CEO
| NRIM Stock | USD 85.57 0.61 0.71% |
CEO
Mr. Joseph M. Schierhorn serves as President, Chief Executive Officer, Chief Operating Officer of the company and as President and Chief Executive Officer of Northrim Bank . Mr. Schierhorn previously served as Assistant Vice President, Commercial Loan Officer, with Key Bank Alaska from 1988 until 1990. He joined the Bank in 1990 as Vice President and Commercial Loan Officer, was appointed Senior Vice President, Commercial Loan and Compliance Manager in 2000 and in 2001 was named an executive officer as Senior Vice President, Chief Financial Officer and Compliance Manager of the Company and the Bank. He was named Executive Vice President, Chief Financial Officer in 2005 and Corporationrationrate Secretary in 2013. In 2013, Mr. Schierhorn was appointed Chief Operating Officer of the Company and the Bank while continuing to serve as the Executive Vice President, Chief Financial Officer, and Corporationrationrate Secretary of the Company and the Bank until May, 2014. In March of 2015, Mr. Schierhorn was promoted to President of the Bank and in January 2016, was named Chief Executive Officer of the Bank, and retained his title of Executive Vice President, Chief Operating Officer of the Company. In June of 2017, Mr. Schierhorn was named President and Chief Executive Officer of the Company, while retaining his title of Chief Operating Officer. At the beginning of 2018, he was named Chairman of both the Company and the Bank Board of Directors while retaining his titles of President and Chief Executive Officer of the Bank, and President, Chief Executive Officer and Chief Operating Officer of the Company since 2017.
| Age | 66 |
| Tenure | 7 years |
| Address | 3111 C Street, Anchorage, AK, United States, 99503 |
| Phone | 907 562 0062 |
| Web | https://www.northrim.com |
Joseph Schierhorn Latest Insider Activity
Tracking and analyzing the buying and selling activities of Joseph Schierhorn against Northrim BanCorp stock is an integral part of due diligence when investing in Northrim BanCorp. Joseph Schierhorn insider activity provides valuable insight into whether Northrim BanCorp is net buyers or sellers over its current business cycle. Note, Northrim BanCorp insiders must abide by specific rules, including filing SEC forms every time they buy or sell Northrim BanCorp'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Joseph Schierhorn over a week ago Disposition of 3830 shares by Joseph Schierhorn of Northrim BanCorp at 28.1 subject to Rule 16b-3 | ||
Joseph Schierhorn over six months ago Acquisition by Joseph Schierhorn of 1744 shares of Northrim BanCorp at 50.51 subject to Rule 16b-3 |
Northrim BanCorp Management Efficiency
The company has return on total asset (ROA) of 0.0114 % which means that it generated a profit of $0.0114 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1346 %, meaning that it created $0.1346 on every $100 dollars invested by stockholders. Northrim BanCorp's management efficiency ratios could be used to measure how well Northrim BanCorp manages its routine affairs as well as how well it operates its assets and liabilities. As of the 29th of November 2024, Return On Tangible Assets is likely to drop to 0.01. In addition to that, Return On Capital Employed is likely to drop to 0.01. At this time, Northrim BanCorp's Asset Turnover is very stable compared to the past year.Similar Executives
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Management Performance
| Return On Equity | 0.13 | |||
| Return On Asset | 0.0114 |
Northrim BanCorp Leadership Team
Elected by the shareholders, the Northrim BanCorp's board of directors comprises two types of representatives: Northrim BanCorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Northrim. The board's role is to monitor Northrim BanCorp's management team and ensure that shareholders' interests are well served. Northrim BanCorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Northrim BanCorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Steve Aldrich, LLC Company | ||
| Nathan Reed, Executive Officer | ||
| Benjamin Craig, Executive Vice President CIO | ||
| Michael Huston, Executive Vice President and Chief Lending Officer | ||
| Jed CPA, Executive CFO | ||
| Joseph Schierhorn, COO, Director, CEO of Northrim Bank and President of Northrim Bank and Director of Northrim Bank | ||
| Lynn Wolfe, Executive Officer | ||
| Latosha Frye, CFO, Executive VP, CFO of Northrim Bank and Executive VP of Northrim Bank | ||
| Kelly LykinsLonglet, VP Bank | ||
| Jason Criqui, Executive Officer | ||
| Amber Zins, Executive Bank | ||
| Latosha CPA, Senior Manager | ||
| Michael Baldwin, LLC Mortgage | ||
| Mark Edwards, Chief VP | ||
| Kari Skinner, Senior Director | ||
| Caroline Huntley, Marketing Officer |
Northrim Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Northrim BanCorp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.13 | |||
| Return On Asset | 0.0114 | |||
| Profit Margin | 0.23 % | |||
| Operating Margin | 0.32 % | |||
| Current Valuation | 397.99 M | |||
| Shares Outstanding | 5.5 M | |||
| Shares Owned By Insiders | 3.32 % | |||
| Shares Owned By Institutions | 72.50 % | |||
| Number Of Shares Shorted | 47.01 K | |||
| Price To Earning | 7.99 X |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northrim BanCorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Northrim Stock, please use our How to Invest in Northrim BanCorp guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northrim BanCorp. If investors know Northrim will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northrim BanCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.061 | Dividend Share 2.46 | Earnings Share 5.86 | Revenue Per Share 25.726 | Quarterly Revenue Growth 0.157 |
The market value of Northrim BanCorp is measured differently than its book value, which is the value of Northrim that is recorded on the company's balance sheet. Investors also form their own opinion of Northrim BanCorp's value that differs from its market value or its book value, called intrinsic value, which is Northrim BanCorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northrim BanCorp's market value can be influenced by many factors that don't directly affect Northrim BanCorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Northrim BanCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northrim BanCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northrim BanCorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.