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NRIM Crosses Below Key Price/Book Valuation Level

By Market News Video Staff, Tuesday, April 26, 12:47 PM ET
Now Playing: The Importance of Book Value


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In trading on Tuesday, shares of Northrim BanCorp Inc (NASDAQ:NRIM) crossed below their last reported book value — defined as common shareholder equity per share — of $18.21, changing hands as low as $18.09 per share. Northrim BanCorp Inc shares are currently trading off about 0.1% on the day. The chart below shows the one year performance of NRIM shares, versus its 50 and 200 day moving averages:

Northrim BanCorp Inc Moving Averages Chart

Looking at the chart above, NRIM's low point in its 52 week range is $15.16 per share, with $19.69 as the 52 week high point — that compares with a last trade of $18.31.

NRIM operates in the Banking & Savings sector, among companies like CapitalSource Inc (NYSE:CSE) which is up about 0.3% today, and Bank of Hawaii Corp (NYSE:BOH) trading higher by about 1.6%. Below is a three month price history chart comparing the stock performance of NRIM, versus CSE and BOH.

NRIM,CSE,BOH Relative Performance Chart


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This Article's Word Cloud:   BanCorp   Bank   Below   Book   Investment   NRIM   NYSE   Northrim   PORTFOLIO   Portfolio   Value   about   allows   among   asset   below   bonds   book   chart   classes   common   companies   completely   currently   designed   growth   hands   history   last   mdash   operates   performance   point   portfolio   price   range   raquo   share   shareholder   shares   short   slideshow   stocks   terms   there   trading   versus   week   with   year
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