Northrim BanCorp (NRIM) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Northrim BanCorp (NRIM) is identified as a promising momentum stock with a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy) [3][4][12] Price Performance - NRIM shares have increased by 13.89% over the past week, outperforming the Zacks Banks - West industry, which rose by 3.18% during the same period [6] - Over the past month, NRIM's price change is 18.37%, compared to the industry's 7.3% [6] - In the last quarter, NRIM shares have risen by 21.44%, and over the past year, they have gained 29.31%, while the S&P 500 has only moved 4% and 14.09%, respectively [7] Trading Volume - The average 20-day trading volume for NRIM is 127,601 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, one earnings estimate for NRIM has increased, while none have decreased, raising the consensus estimate from $2.35 to $2.50 [10] - For the next fiscal year, one estimate has moved upwards with no downward revisions during the same period [10]