Comparing Coastway Bancorp (CWAY) & Northrim BanCorp (NRIM)

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Coastway Bancorp (NASDAQ:CWAY) and Northrim BanCorp (NASDAQ:NRIM) are both finance companies, but which is the better business? We will contrast the two businesses based on the strength of their earnings, profitability, risk, institutional ownership, valuation, dividends and analyst recommendations.

Dividends

Northrim BanCorp pays an annual dividend of $1.08 per share and has a dividend yield of 2.9%. Coastway Bancorp does not pay a dividend. Northrim BanCorp pays out 52.9% of its earnings in the form of a dividend. Northrim BanCorp has raised its dividend for 8 consecutive years.

Analyst Ratings

This is a breakdown of recent ratings for Coastway Bancorp and Northrim BanCorp, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Coastway Bancorp 0 0 0 0 N/A
Northrim BanCorp 0 0 0 0 N/A

Profitability

This table compares Coastway Bancorp and Northrim BanCorp’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Coastway Bancorp N/A N/A N/A
Northrim BanCorp 16.25% 9.37% 1.22%

Valuation and Earnings

This table compares Coastway Bancorp and Northrim BanCorp’s revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Coastway Bancorp N/A N/A N/A N/A N/A
Northrim BanCorp $100.58 million 2.58 $13.15 million $2.04 18.50

Northrim BanCorp has higher revenue and earnings than Coastway Bancorp.

Insider and Institutional Ownership

22.9% of Coastway Bancorp shares are held by institutional investors. Comparatively, 70.8% of Northrim BanCorp shares are held by institutional investors. 4.0% of Coastway Bancorp shares are held by company insiders. Comparatively, 2.9% of Northrim BanCorp shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Summary

Northrim BanCorp beats Coastway Bancorp on 7 of the 9 factors compared between the two stocks.

Coastway Bancorp Company Profile

Coastway Bancorp, Inc. operates as the bank holding company for Coastway Community Bank that provides various financial services to individuals, families, and businesses in Rhode Island. The company's deposit products include certificate of deposit, savings, non-interest-bearing demand deposit, money market, and club accounts. Its loan products comprise one- to four-family residential real estate loans, home equity loans and lines of credit, commercial real estate loans, U.S. small business administration loans, commercial business loans, commercial construction loans, and consumer loans. The company also offers online and mobile banking services. It operates nine banking offices located in Providence County and Kent County. The company was founded in 1920 and is headquartered in Warwick, Rhode Island.

Northrim BanCorp Company Profile

Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professionals in Alaska. The company operates in two segments, Community Banking and Home Mortgage Lending. It offers various deposit products, including noninterest-bearing checking accounts and interest-bearing time deposits, checking accounts, and savings accounts, as well as money market deposit accounts, certificates of deposit, and courier noncash deposits. The company also provides family residential mortgages; commercial loans, such as secured and unsecured loans for working capital and expansion; commercial real estate loans; construction loans for commercial real estate projects, and land development and residential subdivision construction loans; and consumer loans comprising loans for automobiles, recreational vehicles, boats, and other consumer purchases, as well as home equity and commercial credit lines, and factoring services. In addition, it offers other services comprising consumer online banking, mobile app and mobile deposit, mobile Web and text banking, business online banking, personal finance, online documents, consumer and business debit cards, personalized checks at account opening, telebanking, automated teller, overdraft protection from a savings account, commercial drive-up banking, automatic transfers and payments, wire transfers, direct payroll deposit, electronic tax payments, automated clearing house origination and receipt, remote deposit capture, merchant, and cash management services, as well as annuity products, and long term investment portfolios. As of January 29, 2018, the company operated 14 branches in Anchorage, the Matanuska Valley, Juneau, Fairbanks, Ketchikan, and Sitka. Northrim BanCorp, Inc. was founded in 1990 and is headquartered in Anchorage, Alaska.

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