Northrim BanCorp Inc

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NRIM : NASDAQ : Financial
$30.9 | %
Today's Range: 29.45 - 31.05
Avg. Daily Volume: 15300.0
12/09/16 - 4:00 PM ET

Financial Analysis


NORTHRIM BANCORP INC's gross profit margin for the third quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry.

During the same period, stockholders' equity ("net worth") has increased by 5.77% from the same quarter last year.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)26.827.8
EBITDA ($mil)8.5213.06
EBIT ($mil)7.8212.4
Net Income ($mil)3.15.33


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)45.87144.57
Total Assets ($mil)1540.121539.25
Total Debt ($mil)50.6164.43
Equity ($mil)185.31175.19


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin95.1595.03
EBITDA Margin31.847.0
Operating Margin29.244.6
Sales Turnover0.070.07
Return on Assets0.961.32
Return on Equity8.0511.61
Debt Q3 FY16 Q3 FY15
Current Ratio0.00.0
Debt/Capital0.210.27
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)6.886.86
Div / share0.20.19
EPS0.440.77
Book value / share26.9325.54
Institutional Own % n/a n/a
Avg Daily Volume14942.032328.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 16.99 for the Commercial Banks industry and a significant discount compared to the S&P 500 average of 25.37. Conducting a second comparison, its price-to-book ratio of 1.06 indicates a significant discount versus the S&P 500 average of 2.81 and a discount versus the industry average of 1.18. The price-to-sales ratio is similar to the S&P 500 average, but it is significantly below the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, NORTHRIM BANCORP INC proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
NRIM 13.39 Peers 16.99   NRIM 293.06 Peers 11.87

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

NRIM is trading at a discount to its peers.

 

Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

NRIM is trading at a significant premium to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
NRIM 13.33 Peers 14.20   NRIM NM Peers 2.15

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

NRIM is trading at a discount to its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

NRIM's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
NRIM 1.06 Peers 1.18   NRIM -27.22 Peers -39.69

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

NRIM is trading at a discount to its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

NRIM is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
NRIM 1.92 Peers 2.86   NRIM -0.68 Peers 5.39

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

NRIM is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

NRIM significantly trails its peers on the basis of sales growth

 

 

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