Northrim BanCorp (NRIM) vs Waterstone Financial (WSBF)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Waterstone Financial (WSBF) has outperformed Northrim BanCorp (NRIM) over the past year, gaining 30.2% versus a gain of 16.0%. Over five years, NRIM leads with a +123.8% price change compared with -4.1% for WSBF. Northrim BanCorp is the larger company by market cap ($548.3 million vs $352.0 million), about 1.6 times the size.
On valuation, Northrim BanCorp trades at a lower forward P/E (8.9x vs 19.4x for Waterstone Financial). Waterstone Financial offers the higher dividend yield (3.27% vs 1.30%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | NRIM | WSBF |
|---|---|---|
| Share price | $24.65 | $19.58 |
| Market cap | $548.33M | $351.99M |
| 1-day change | +1.44% | +0.62% |
| YTD return | -7.37% | +18.31% |
| 1-year return | +16.00% | +30.19% |
| 5-year return | +123.84% | -4.07% |
| P/E ratio (TTM) | 8.11 | 11.32 |
| Forward P/E | 8.88 | 19.39 |
| EPS (TTM) | $3.04 | $1.73 |
| Dividend yield | 1.30% | 3.27% |
| Annual dividend | $0.32 | $0.64 |
| 52-week high | $30.82 | $21.66 |
| 52-week low | $19.60 | $14.52 |
| Distance from 52-week high | -20.02% | -9.60% |
| Analyst consensus | none | — |
| Avg. price target upside | +23.04% | — |
| Average volume | 143.92K | 75.76K |
| Shares outstanding | 22.24M | 17.98M |
| Employees | 516 | 593 |
| Sector | Finance | Financial Services |
| Industry | Savings Institutions | Banks - Regional |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- WSBF has outperformed NRIM by 14.2 percentage points over the past year.
- Waterstone Financial trades at a higher earnings multiple (11.3x vs 8.1x trailing P/E).
- Waterstone Financial offers a meaningfully higher dividend yield (3.27% vs 1.30%).
- The two companies sit in different sectors: Northrim BanCorp in Finance and Waterstone Financial in Financial Services.
About Northrim BanCorp
NRIM stock →Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals.
Finance · Savings Institutions · 516 employees
About Waterstone Financial
WSBF stock →Waterstone Financial, Inc. operates as a bank holding company for WaterStone Bank SSB that provides various financial services to customers in southeastern Wisconsin, the United States.
Financial Services · Banks - Regional · 593 employees
NRIM vs WSBF FAQ
Which is bigger, Northrim BanCorp or Waterstone Financial?
Northrim BanCorp (NRIM) is larger, with a market capitalization of $548.33M compared with $351.99M for Waterstone Financial (WSBF).
Which stock has performed better over the past year, NRIM or WSBF?
WSBF returned +30.19% over the past 12 months, compared with +16.00% for NRIM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NRIM or WSBF?
NRIM has the lower trailing P/E at 8.1, versus 11.3 for WSBF. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Northrim BanCorp or Waterstone Financial?
Waterstone Financial has the higher yield at 3.27%, compared with 1.30% for Northrim BanCorp.
Are Northrim BanCorp and Waterstone Financial in the same industry?
No. Northrim BanCorp is in the Finance sector, while Waterstone Financial is in Financial Services.