Shares of Northrim BanCorp rallied for the fifth straight trading session and touched a 52-week high of 67.59. Encouraging inflation numbers and cooling employment data have increased the chances of the Federal Reserve cutting the interest rates as early as during the September FOMC meeting. As the rates come down, banks' funding costs will stabilize or move lower eventually. Also, demand for loans is expected to improve. Hence, the investors turned bullish on banking sector stocks, driving NRIM higher. For ...

Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going. There are several stocks that passed through the screen and Northrim BanCorp (NRIM) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing. ...

While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases. Headquarte ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Our ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yi ...

ANCHORAGE, Alaska, May 24, 2024 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.61 per share. The dividend will be payable on June 14, 2024, to shareholders of record at the close of business on June 6, 2024. "We are pleased to announce a quarterly dividend of $0.61 per share, as we continue to provide returns to our shareholders," said Mike Huston, President and CEO. At the stock price of $53.01 per share ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate re ...

Unfortunately, the opposite occurred. Although shares have seen a respectable 5.2% increase since then, that has actually fallen short of the 14.8% increase seen by the S&P 500 (SP500). Given this return disparity, you might think that the fundamental condition for the company has been worsening. But that's not exactly the case. In fact, the most recent data provided by management shows continued growth from a profitability perspective. On the other hand, a recent downturn, as modest as it is, when it comes ...

Company Overview - Northrim BanCorp (NRIM) is headquartered in Anchorage and operates in the Finance sector, with a year-to-date stock price change of -9.54% [3] - The company currently pays a dividend of $0.61 per share, resulting in a dividend yield of 4.72%, which is significantly higher than the Banks - West industry's yield of 3.33% and the S&P 500's yield of 1.58% [3] Dividend Performance - Northrim BanCorp's annualized dividend of $2.44 has increased by 1.7% from the previous year, and over the past five years, the company has raised its dividend five times, averaging an annual increase of 17.20% [4] - The current payout ratio for Northrim is 48%, indicating that the company distributes 48% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year 2024, the Zacks Consensus Estimate projects earnings of $5.61 per share for Northrim BanCorp, reflecting a year-over-year growth rate of 24.94% [5] Investment Appeal - Northrim BanCorp is positioned as an attractive investment opportunity due to its strong dividend yield and growth potential, alongside a strong Zacks Rank of 1 (Strong Buy) [7]

Northrim BanCorp (NRIM) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individ ...