Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Northrim Bancorp, Inc shares valued at $201,454 were sold by Thomas Linda C on Nov 13 ’24. At $79.00 per share, Thomas Linda C sold 2,550 shares. The insider’s holdings dropped to 1,172 shares worth approximately $86411.56 following the completion of this transaction.
Also, Linda C Thomas purchased 2,550 shares, netting a total of over 201,454 in proceeds.
Before that, MARUSHACK JOSEPH had added 493 shares to its account. In a trade valued at $29,687, the Director bought Northrim Bancorp, Inc shares for $60.22 each. Upon closing the transaction, the insider’s holdings increased to 493 shares, worth approximately $0.2 million.
As published in their initiating research note from Hovde Group on December 20, 2024, Northrim Bancorp, Inc [NRIM] has been an Outperform and the price target has been revised to $96.50. Analysts at Janney upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late February. As of October 25, 2007, Friedman Billings has increased its “Mkt perform” rating to a “an Outperform” for NRIM. Earlier on September 24, 2007, Friedman Billings resumed its rating. Their recommendation was “a Mkt perform” for NRIM stock.
Analyzing NRIM Stock Performance
During the last five days, there has been a drop of approximately -5.40%. Over the course of the year, Northrim Bancorp, Inc shares have dropped approximately -5.40%. Shares of the company reached a 52-week high of $79.25 on 01/02/25 and a 52-week low of $73.26 on 01/08/25. A 50-day SMA is recorded $79.38, while a 200-day SMA reached $64.57. Nevertheless, trading volume fell to 57951.0 shares from 39100.0 shares the previous day.
Support And Resistance Levels for Northrim Bancorp, Inc (NRIM)
According to the 24-hour chart, there is a support level at 72.92, which, if violated, would cause prices to drop to 72.11. In the upper region, resistance lies at 74.89. The next price resistance is at 76.04. RSI (Relative Strength Index) is 35.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.56, which suggests the price will decrease in the coming days. Percent R is at 96.04%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
