Perhaps timely catching Northrim Bancorp, Inc (NRIM) would be a good idea

With 57951.0 shares changed hands, the volume of the stock remained heavier than its average volume of 34740.0 shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $75.23 whereas the lowest price it dropped to was $73.265. The 52-week range on NRIM shows that it touched its highest point at $91.72 and its lowest point at $43.92 during that stretch. It currently has a 1-year price target of $93.25. With its current market cap of 405.66 million, NRIM has annualized dividend of $2.46 while the current yield stands at 3.34%. Beta for the stock currently stands at 0.84.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NRIM was down-trending over the past week, with a drop of -5.40%, but this was down by -14.77% over a month. Three-month performance surged to 9.68% while six-month performance rose 29.69%. The stock gained 38.67% in the past year, while it has lost -5.40% so far this year. A look at the trailing 12-month EPS for NRIM yields 5.86 with Next year EPS estimates of 7.83. For the next quarter, that number is 1.71. This implies an EPS growth rate of 42.32% for this year and 22.54% for next year.

Float and Shares Shorts:

At present, 5.50 million NRIM shares are outstanding with a float of 5.34 million shares on hand for trading. On 2024-12-13, short shares totaled 41907.0, which was 76.0 higher than short shares on 1731628800. In addition to Mr. Michael G. Huston as the firm’s President, COO, CEO & Director, Mr. Jed W. Ballard CPA serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 0.72513 of NRIM’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NRIM since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NRIM analysts setting a high price target of 96.5 and a low target of 90.0, the average target price over the next 12 months is 93.25. Based on these targets, NRIM could surge 30.88% to reach the target high and rise by 22.07% to reach the target low. Reaching the average price target will result in a growth of 26.47% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $6.39 being high and $6.39 being low. For NRIM, this leads to a yearly average estimate of $6.39.