Northrim BanCorp is a bank holding company. Co.'s direct wholly-owned subsidiaries include: Northrim Bank, which operates a factoring business through its subsidiary, Northrim Funding Services, and also provides various commercial and consumer loan and deposit products, investment products, and electronic banking services over the Internet; Northrim Investment Services Company, which owns Pacific Wealth Advisors, LLC, an investment advisory, trust, and wealth management business; and Northrim Statutory Trust 2, which facilitates a trust preferred securities offering by Co. Also, Co. originates one-to-four family residential mortgages throughout Alaska which it sells to the secondary market. We show 56 historical shares outstanding datapoints in our NRIM shares outstanding history coverage, used to compute NRIM market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NRIM market cap history over the course of time is important for investors
interested in comparing NRIM's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of NRIM versus a peer is one thing; comparing
NRIM market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like NRIM can fluctuate over the course of history.
With this page we aim to empower investors researching NRIM by allowing them to research the NRIM market cap history. |
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Video: The Importance of Market Cap
