Extremely important positive changes in investment behavior have recently occurred for Northrim BanCorp Inc (NASDAQ: NRIM): the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Northrim BanCorp Inc (NASDAQ: NRIM). Notable positive changes in fundamentals have recently occurred: the consensus estimate for December, 2025 increased significantly, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, NRIM is expected to continue to be a modest Value Builder.
Northrim BanCorp has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Northrim BanCorp has a slightly positive Appreciation Score of 64 and a good Power Rating of 72, producing the Positive Value Trend Rating.
Recent Price Action
Northrim BanCorp Inc (NASDAQ: NRIM) stock enjoyed a large increase of 2.9% on 6/28/24. The stock closed at $57.64. Moreover, this advance was accompanied by exceptionally high trading volume at 559% of normal. The stock has been strong relative to the market over the last nine months and has risen 5.5% during the last week.
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