US LNG exports surge but will buyers in China turn up?
Northrim BanCorp (NRIM) stock has reached an unprecedented peak, setting an all-time high at $91.73. The Alaska-based bank, with a market capitalization of $505 million, trades at a modest P/E ratio of 11.88 and offers investors a 2.84% dividend yield. According to InvestingPro analysis, the stock appears slightly overvalued at current levels. This remarkable milestone underscores a period of robust growth for the bank, reflecting investor confidence and strong financial performance. The ascent to this record price level marks a significant achievement for Northrim BanCorp, with the stock delivering an exceptional 73.39% return over the past year. This surge highlights the company’s resilience in a fluctuating market environment and its impressive dividend track record - InvestingPro data shows the company has maintained dividend payments for 31 consecutive years. Subscribers can access 10+ additional ProTips and detailed metrics to better evaluate NRIM’s growth potential.
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