Insider Sell: Michael Huston Sells Shares of Northrim BanCorp Inc (NRIM)

On February 7, 2025, Michael Huston, President, Chief Executive Officer, and Chief Operating Officer of Northrim Bank, sold 453 shares of Northrim BanCorp Inc (NRIM, Financial). Following this transaction, the insider now owns 23,759 shares of the company. The details of this transaction can be found in the SEC Filing.
Northrim BanCorp Inc is a bank holding company headquartered in Anchorage, Alaska. The company provides a full range of commercial and consumer banking services through its subsidiary, Northrim Bank. The bank operates in various segments, including community banking and home mortgage lending, serving customers in Alaska and the Pacific Northwest.
Over the past year, Michael Huston has sold a total of 453 shares and has not purchased any shares. The insider transaction history for Northrim BanCorp Inc indicates that there have been three insider buys and two insider sells over the past year.
On the day of the recent sale, shares of Northrim BanCorp Inc were trading at $89.18, giving the stock a market cap of $492.14 million. The company’s price-earnings ratio stands at 13.47, which is higher than the industry median of 10.77 and also higher than the company’s historical median price-earnings ratio.
With a trading price of $89.18 and a GF Value of $51.59, Northrim BanCorp Inc has a price-to-GF-Value ratio of 1.73, indicating that the stock is significantly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company’s past returns and growth, as well as future estimates of business performance from Morningstar analysts.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.