Northrim Bancorp, Inc. (NRIM)

Our PAST TOP PICK with NRIM is progressing well.  To remain disciplined, we recommend trailing up the stop (from $22) to $25 at this time.  

We reiterate this regional US bank as a TOP PICK.  It trades at 10x earnings, 1.6x book, supports a 17% ROE along with a robust 26% margin.  Its dividend is backed by a payout ratio under 30% of cash flow.  We continue to recommend a stop at $22, looking to achieve $30 -- upside potential of 17%.  Yield 2.5%  

We reiterate NRIM, an Alaska based regional bank, as a TOP PICK.  Recently reported earnings showed a 75% increase in annual net income.  Quarterly cash reserves are growing as debt is retired.  It trades at 9x earnings, under 2x book and supports a 21% ROE.  We recommend trailing up the stop (from $20) to $22, looking to achieve $31 -- upside potential of 21%.  Yield 2.5% 

NRIM is a full-service bank operating in the state of Alaska.  Recently reported earnings showed a 51% increase in EPS and analysts expect continued annual growth in EPS of 25% over the next five years.  It trades at 9x earnigs, 1.7x book and supports a ROE of 21%.  We recommend setting a stop-loss at $20, looking to achieve $31 -- upside potential of 24%.  Yield 2.5%