Snatch This Bargain Even Cheaper Than Director Thomas Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on September 8, Northrim BanCorp Inc's Director, Linda C. Thomas, invested $31,440.00 into 1,200 shares of NRIM, for a cost per share of $26.20. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Monday, bargain hunters could buy shares of Northrim BanCorp Inc (Symbol: NRIM) and achieve a cost basis 1.2% cheaper than Thomas, with shares changing hands as low as $25.89 per share.