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 Video: What is a Stock Split?
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| 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. According to our Northrim BanCorp stock split history records, Northrim BanCorp has had 9 splits. | |
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Northrim BanCorp (NRIM) has 9 splits in our Northrim BanCorp stock split history database. The first split for NRIM took place on January 29, 1999. This was a 105 for 100
split, meaning for each 100
shares of NRIM owned pre-split, the shareholder now owned 105 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. NRIM's second split took place on February 01, 2000. This was a 105 for 100
split, meaning for each 100
shares of NRIM owned pre-split, the shareholder now owned 105 shares. For example, a 1050 share position pre-split, became a 1102.5 share position following the split. NRIM's third split took place on November 13, 2001. This was a 11 for 10 split, meaning for each 10 shares of NRIM owned pre-split, the shareholder now owned 11 shares. For example, a 1102.5 share position pre-split, became a 1212.75 share position following the split. NRIM's 4th split took place on August 16, 2006. This was a 105 for 100 split, meaning for each 100 shares of NRIM owned pre-split, the shareholder now owned 105 shares. For example, a 1212.75 share position pre-split, became a 1273.3875 share position following the split. NRIM's 5th split took place on September 19, 2007. This was a 105 for 100 split, meaning for each 100 shares of NRIM owned pre-split, the shareholder now owned 105 shares. For example, a 1273.3875 share position pre-split, became a 1337.056875 share position following the split. NRIM's 6th split took place on April 28, 1995. This was a 105 for 100 split, meaning for each 100 shares of NRIM owned pre-split, the shareholder now owned 105 shares. For example, a 1337.056875 share position pre-split, became a 1403.90971875 share position following the split. NRIM's 7th split took place on January 29, 1996. This was a 105 for 100 split, meaning for each 100 shares of NRIM owned pre-split, the shareholder now owned 105 shares. For example, a 1403.90971875 share position pre-split, became a 1474.1052046875 share position following the split. NRIM's 8th split took place on January 29, 1997. This was a 105 for 100 split, meaning for each 100 shares of NRIM owned pre-split, the shareholder now owned 105 shares. For example, a 1474.1052046875 share position pre-split, became a 1547.81046492188 share position following the split. NRIM's 9th split took place on January 29, 1998. This was a 105 for 100 split, meaning for each 100 shares of NRIM owned pre-split, the shareholder now owned 105 shares. For example, a 1547.81046492188 share position pre-split, became a 1625.20098816797 share position following the split.
When a company such as Northrim BanCorp splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the Northrim BanCorp stock split history from start to finish, an original position size of 1000 shares would have turned into 1625.20098816797 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Northrim BanCorp shares, starting with a $10,000 purchase of NRIM, presented on a split-history-adjusted basis factoring in the complete Northrim BanCorp stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/17/2024 |
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| Start price/share: |
$24.89 |
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| End price/share: |
$45.00 |
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| Starting shares: |
401.77 |
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| Ending shares: |
565.27 |
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| Dividends reinvested/share: |
$12.55 |
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| Total return: |
154.37% |
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| Average Annual Total Return: |
9.79% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$25,433.47 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/17/2024 |
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| Start price/share: |
$24.89 |
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| End price/share: |
$45.00 |
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| Dividends collected/share: |
$12.55 |
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| Total return: |
131.22% |
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| Average Annual Total Return: |
8.75% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,125.60 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 01/29/1999 | 105 for 100
| | 02/01/2000 | 105 for 100
| | 11/13/2001 | 11 for 10 | | 08/16/2006 | 105 for 100 | | 09/19/2007 | 105 for 100 | | 04/28/1995 | 105 for 100 | | 01/29/1996 | 105 for 100 | | 01/29/1997 | 105 for 100 | | 01/29/1998 | 105 for 100 |
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