Is Northrim BanCorp, Inc. overvalued or undervalued?
As of November 21, 2025, Northrim BanCorp, Inc. is considered an attractive investment due to its undervaluation, evidenced by a P/E ratio of 11, a PEG ratio of 0.24, a high ROCE of 80.55%, and strong performance compared to the S&P 500.
As of 21 November 2025, the valuation grade for Northrim BanCorp, Inc. moved from fair to attractive, indicating a positive shift in its valuation outlook. The company appears undervalued, supported by a P/E ratio of 11, a PEG ratio of 0.24, and an impressive ROCE of 80.55%. In comparison to peers, Orrstown Financial Services, Inc. has a P/E of 10.63, while Unity Bancorp, Inc. boasts a P/E of 11.21, highlighting Northrim's competitive positioning within the regional banks sector.Recent performance shows that Northrim has outperformed the S&P 500 across several time frames, including a 1-month return of 15.44% compared to the S&P 500's -1.97%, reinforcing the notion that the stock is currently undervalued.
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