Northrim Bancorp saw an improvement in its IBD SmartSelect Composite Rating Monday, from 94 to 96.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Northrim Bancorp is currently forming a cup without handle, with a 91.72 entry. See if the stock can break out in volume at least 40% higher than normal. But note that it's a later-stage base, which makes it a riskier entry point. Understand that it's a thinly traded stock, with average daily dollar volume under $8 million. Such stocks may experience more volatility than large-cap stocks.
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The stock has an 86 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 86% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported 64% EPS growth for Q4. Sales growth increased 32%, up from 18% in the prior report. The company has now posted accelerating growth in each of the last two quarters.
Northrim Bancorp holds the No. 2 rank among its peers in the Banks-West/Southwest industry group. Third Coast Bancshares is the top-ranked stock within the group.
