Alert: Positive Investment/Fundamental Signals (12/1/23)-Northrim BanCorp Inc (NASDAQ: NRIM)


Northrim BanCorp Inc (NASDAQ: NRIM). Important positive changes in investment behavior have recently occurred: positive upside/downside volume developed.

Important positive changes in Northrim BanCorp Inc (NASDAQ: NRIM) fundamentals have recently occurred: the consensus estimate for December, 2023 increased significantly, the stock’s power rating rose above 70, 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

Reflecting future returns on capital that are 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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Northrim BanCorp has a neutral Appreciation Score of 59 but a good Power Rating of 72, leading to the Positive Value Trend Rating.

Recent Price Action

On 12/1/23, Northrim BanCorp Inc (NASDAQ: NRIM) stock enjoyed a large increase of 4.7%, closing at $51.68. Moreover, trading volume in this advance was unusually high at 151% of normal. Relative to the market the stock has been strong over the last nine months and has risen 5.2% during the last week.

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