Northrim BanCorp, Inc. (NRIM) Stock Price Hits 52-Week High Today

May 17, 2018 - By Paula Hilliard

Investors sentiment decreased to 1.19 in 2017 Q4. Its down 0.59, from 1.78 in 2017Q3. It worsened, as 4 investors sold Northrim BanCorp, Inc. shares while 28 reduced holdings. 15 funds opened positions while 23 raised stakes. 4.77 million shares or 1.99% less from 4.87 million shares in 2017Q3 were reported.
Los Angeles Cap Mgmt Equity Rech has 6,290 shares for 0% of their portfolio. California State Teachers Retirement Sys holds 10,655 shares. Martingale Asset Mgmt L P invested in 0.02% or 47,519 shares. Royal National Bank Of Canada holds 0% of its portfolio in Northrim BanCorp, Inc. (NASDAQ:NRIM) for 144,474 shares. Acadian Asset Management Ltd Liability Com accumulated 3,365 shares. Dalton Greiner Hartman Maher And invested in 0.12% or 66,703 shares. Northern holds 0% of its portfolio in Northrim BanCorp, Inc. (NASDAQ:NRIM) for 83,082 shares. Bnp Paribas Arbitrage has 2,009 shares for 0% of their portfolio. 147,252 are held by Kennedy Capital Management. Fincl Bank Of America De reported 0% in Northrim BanCorp, Inc. (NASDAQ:NRIM). 15,058 were accumulated by First Manhattan. Kistler has 0% invested in Northrim BanCorp, Inc. (NASDAQ:NRIM) for 123 shares. Brandes Inv Prns Ltd Partnership has 0.03% invested in Northrim BanCorp, Inc. (NASDAQ:NRIM). Corda Investment Mngmt Ltd Liability Corp stated it has 30,000 shares. Fuller And Thaler Asset holds 22,084 shares.

Since May 7, 2018, it had 0 buys, and 1 sale for $12,179 activity.

The stock of Northrim BanCorp, Inc. (NASDAQ:NRIM) hit a new 52-week high and has $41.52 target or 7.00 % above today’s $38.80 share price. The 8 months bullish chart indicates low risk for the $266.63 million company. The 1-year high was reported on May, 17 by Barchart.com. If the $41.52 price target is reached, the company will be worth $18.66 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.26% or $0.1 during the last trading session, reaching $38.8. About 10,513 shares traded. Northrim BanCorp, Inc. (NASDAQ:NRIM) has risen 16.67% since May 17, 2017 and is uptrending. It has outperformed by 5.12% the S&P500.

Analysts await Northrim BanCorp, Inc. (NASDAQ:NRIM) to report earnings on July, 30. They expect $0.62 EPS, up 21.57 % or $0.11 from last year’s $0.51 per share. NRIM’s profit will be $4.26 million for 15.65 P/E if the $0.62 EPS becomes a reality. After $0.58 actual EPS reported by Northrim BanCorp, Inc. for the previous quarter, Wall Street now forecasts 6.90 % EPS growth.

Another recent and important Northrim BanCorp, Inc. (NASDAQ:NRIM) news was published by Nasdaq.com which published an article titled: “Northrim BanCorp First Quarter 2018 Net Income Increases 6% to $4.1 Million, or $0.58 per Diluted Share” on April 30, 2018.

Northrim BanCorp, Inc. operates as the bank holding firm for Northrim Bank that provides commercial banking services and products to businesses and professionals in Alaska. The company has market cap of $266.63 million. The firm operates in two divisions, Community Banking and Home Mortgage Lending. It has a 20.64 P/E ratio. It offers various deposit products, including noninterest-bearing checking accounts and interest-bearing time deposits, checking accounts, and savings accounts, as well as money market deposit accounts, certificates of deposit, and courier noncash deposits.

Northrim BanCorp, Inc. (NASDAQ:NRIM) Institutional Positions Chart

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