BUZZ-Northrim BanCorp extends slide after earnings
Reuters
Jan 27
BUZZ-Northrim BanCorp extends slide after earnings
** Alaska-based community bank Northrim BanCorp's NRIM.O shares slide 6.9% to $23.50
** Stock closed down 15% on Friday after Q4 results
** Hovde Group analyst Brett Rabatin says reset of profitability expectations is needed, but believes the market overreacted to higher expenses and flattish interest income trends during Q4
** Cuts FY26 EPS estimate to $2.59 and lowers PT by $2 to $31, which is still a 22.8% upside to last close
** Two brokerages covering the stock rate "buy" or higher; median PT $30.50 — LSEG
** NRIM stock gained 36.6% in 2025
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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