Northrim BanCorp Inc (NASDAQ: NRIM) has reported earnings for its first fiscal quarter (ending March 31) of $1.49 versus $0.85 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $5.17 versus $4.96 for the same period a year ago.
Recent Price Action
Northrim BanCorp Inc (NASDAQ: NRIM) stock closed at $46.97 on 4/24/24 after an increase of 1.7%. NORMAL trading volume accompanied the advance. The stock has risen 4.2% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NRIM is expected to continue to be a modest Value Builder.
Northrim BanCorp has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Northrim BanCorp has a good Appreciation Score of 70 and a good Power Rating of 83, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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