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An update from Northrim Bancorp ( (NRIM) ) is now available.
On November 26, 2025, Northrim BanCorp, Inc. announced the completion of a $60 million private placement of 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035. The proceeds are intended for general corporate purposes and to support regulatory capital ratios for growth initiatives. The notes, which qualify as Tier 2 capital, were sold to qualified institutional buyers and institutional accredited investors, with Keefe, Bruyette & Woods and Hovde Group acting as placement agents. This strategic financial move is expected to bolster Northrim’s capital structure and support its expansion plans.
The most recent analyst rating on (NRIM) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on Northrim Bancorp stock, see the NRIM Stock Forecast page.
Spark’s Take on NRIM Stock
According to Spark, TipRanks’ AI Analyst, NRIM is a Outperform.
Northrim Bancorp’s strong financial performance, characterized by robust profitability and efficient cash flow management, is the primary driver of its high score. The technical analysis indicates a strong upward trend, though caution is advised due to overbought signals. The stock’s valuation is attractive, with a low P/E ratio and a decent dividend yield, further supporting the positive outlook.
To see Spark’s full report on NRIM stock, click here.
More about Northrim Bancorp
Northrim BanCorp, Inc. is the holding company of Northrim Bank, an Alaska-based community bank with 20 branches throughout the state. The bank is known for its deep understanding of Alaska’s economy and its ‘Customer First Service’ philosophy. It operates Northrim Funding Services, a division focusing on factoring and asset-based lending in Washington, and owns Sallyport Commercial Finance, LLC, and Residential Mortgage, LLC.
Average Trading Volume: 136,950
Technical Sentiment Signal: Buy
Current Market Cap: $560.7M
For detailed information about NRIM stock, go to TipRanks’ Stock Analysis page.