Are You Looking for a Top Momentum Pick? Why Northrim BanCorp (NRIM) is a Great Choice

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), indicating potential for short-term gains [3][4][12]. Momentum Style Score - The Momentum Style Score incorporates metrics such as price change and earnings estimate revisions, which are essential for evaluating stock performance [2][9]. - NRIM's recent price activity shows a 0.22% increase over the past week, contrasting with a 0.78% decline in the Zacks Banks - West industry [6]. Price Performance - Over the last month, NRIM's shares have increased by 8.57%, outperforming the industry average of 3.45% [6]. - In the past quarter, NRIM shares rose by 23.56%, and over the last year, they increased by 36.46%, while the S&P 500 only moved 3.44% and 18.1%, respectively [7]. Trading Volume - NRIM's average 20-day trading volume is 169,789 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, one earnings estimate for NRIM has increased, raising the consensus estimate from $2.35 to $2.50 for the full year [10]. - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [10].