Snatch This Bargain Even Cheaper Than Director Thomas Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on September 8, Northrim BanCorp Inc's Director, Linda C. Thomas, invested $31,440.00 into 1,200 shares of NRIM, for a cost per share of $26.20. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Monday, bargain hunters could buy shares of Northrim BanCorp Inc (Symbol: NRIM) and achieve a cost basis 1.2% cheaper than Thomas, with shares changing hands as low as $25.89 per share. It should be noted that Thomas has collected $0.17/share in dividends since the time of their purchase, so they are currently down 0.5% on their purchase from a total return basis. Northrim BanCorp Inc shares are currently trading up about 0.4% on the day. The chart below shows the one year performance of NRIM shares, versus its 200 day moving average:

Looking at the chart above, NRIM's low point in its 52 week range is $19.60 per share, with $30.82 as the 52 week high point — that compares with a last trade of $26.46. By comparison, below is a table showing the prices at which NRIM insider buying was recorded over the last six months:

The current annualized dividend paid by Northrim BanCorp Inc is $0.68/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/10/2026. Below is a long-term dividend history chart for NRIM, which can be of good help in judging whether the most recent dividend with approx. 2.6% annualized yield is likely to continue.

Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »

Further NRIM Research:

• NRIM Stock Predictions
• NRIM Historical Stock Prices
• Top Stocks Held By Howard Marks