Northrim BanCorp Current Valuation vs. Net Income
| NRIM Stock | USD 77.06 2.75 3.45% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 1.09 | 1.14 |
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| Pretax Profit Margin | 0.32 | 0.2513 |
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For Northrim BanCorp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Northrim BanCorp to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Northrim BanCorp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Northrim BanCorp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Northrim BanCorp over time as well as its relative position and ranking within its peers.
Northrim |
Northrim BanCorp's Revenue Breakdown by Earning Segment
Check out Correlation Analysis.
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.
Northrim BanCorp Net Income vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Northrim BanCorp's current stock value. Our valuation model uses many indicators to compare Northrim BanCorp value to that of its competitors to determine the firm's financial worth. Northrim BanCorp is rated below average in current valuation category among its peers. It is rated below average in net income category among its peers making up about 0.07 of Net Income per Current Valuation. The ratio of Current Valuation to Net Income for Northrim BanCorp is roughly 13.83 . At this time, Northrim BanCorp's Net Income is very stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Northrim BanCorp by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Northrim Current Valuation vs. Competition
Northrim BanCorp is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Financials industry is now estimated at about 30.08 Billion. Northrim BanCorp claims roughly 351.17 Million in current valuation contributing just under 2% to equities under Financials industry.
Northrim Net Income vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Northrim BanCorp |
| = | 351.17 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Northrim BanCorp |
| = | 25.39 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Northrim Net Income Comparison
Northrim BanCorp is currently under evaluation in net income category among its peers.
Northrim BanCorp Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Northrim BanCorp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Northrim BanCorp will eventually generate negative long term returns. The profitability progress is the general direction of Northrim BanCorp's change in net profit over the period of time. It can combine multiple indicators of Northrim BanCorp, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -16.4 M | -15.6 M | |
| Operating Income | 26.4 M | 25.5 M | |
| Net Income | 25.4 M | 13 M | |
| Income Tax Expense | 6.2 M | 5.3 M | |
| Income Before Tax | 31.6 M | 20.1 M | |
| Total Other Income Expense Net | 5.2 M | 5.5 M | |
| Net Income Applicable To Common Shares | 35.4 M | 37.1 M | |
| Net Income From Continuing Ops | 27.4 M | 23 M | |
| Net Interest Income | 102.9 M | 78.9 M | |
| Interest Income | 124.9 M | 85.4 M | |
| Change To Netincome | 58.6 M | 61.5 M | |
| Net Income Per Share | 4.53 | 4.76 | |
| Income Quality | 1.53 | 1.46 | |
| Net Income Per E B T | 0.80 | 0.54 |
Northrim Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Northrim BanCorp. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Northrim BanCorp position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Northrim BanCorp's important profitability drivers and their relationship over time.
Use Northrim BanCorp in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Northrim BanCorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Northrim BanCorp will appreciate offsetting losses from the drop in the long position's value.Northrim BanCorp Pair Trading
Northrim BanCorp Pair Trading Analysis
The ability to find closely correlated positions to Northrim BanCorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northrim BanCorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Northrim BanCorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Northrim BanCorp to buy it.
The correlation of Northrim BanCorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northrim BanCorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northrim BanCorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Northrim BanCorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Northrim BanCorp position
In addition to having Northrim BanCorp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Correlation Analysis. To learn how to invest in Northrim Stock, please use our How to Invest in Northrim BanCorp guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
To fully project Northrim BanCorp's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Northrim BanCorp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Northrim BanCorp's income statement, its balance sheet, and the statement of cash flows.