Northrim BanCorp Inc (NASDAQ: NRIM) stock enjoyed a major increase of 15.8% on 11/6/24. The shares closed at $77.78. Moreover, trading volume in this advance was unusually high at 197% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 16.9% during the last week.
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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Northrim BanCorp has a slightly positive Appreciation Score of 63 and a very high Power Rating of 89, with the Highest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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