Northrim BanCorp, Inc. (NASDAQ:NRIM - Get Free Report) Director Linda C. Thomas sold 2,550 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $79.00, for a total transaction of $201,450.00. Following the completion of the transaction, the director now directly owns 1,172 shares of the company's stock, valued at approximately $92,588. The trade was a 68.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Northrim BanCorp Stock Performance
Shares of Northrim BanCorp stock opened at $82.85 on Friday. Northrim BanCorp, Inc. has a 1 year low of $43.92 and a 1 year high of $85.06. The firm's 50-day moving average is $70.16 and its 200 day moving average is $63.12. The stock has a market cap of $455.68 million, a price-to-earnings ratio of 14.14 and a beta of 0.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.81.
Northrim BanCorp Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, September 5th were issued a $0.62 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 2.99%. This is a positive change from Northrim BanCorp's previous quarterly dividend of $0.61. Northrim BanCorp's payout ratio is presently 42.32%.
Hedge Funds Weigh In On Northrim BanCorp
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Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Northrim BanCorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 292,798 shares of the financial services provider's stock worth $14,789,000 after buying an additional 1,795 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Northrim BanCorp by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 126,898 shares of the financial services provider's stock valued at $9,040,000 after acquiring an additional 2,133 shares during the period. State Street Corp grew its stake in shares of Northrim BanCorp by 8.0% during the 3rd quarter. State Street Corp now owns 107,568 shares of the financial services provider's stock valued at $7,661,000 after acquiring an additional 8,012 shares during the period. American Century Companies Inc. increased its holdings in Northrim BanCorp by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 84,730 shares of the financial services provider's stock worth $4,884,000 after acquiring an additional 5,794 shares in the last quarter. Finally, De Lisle Partners LLP raised its stake in Northrim BanCorp by 11.6% during the 3rd quarter. De Lisle Partners LLP now owns 77,095 shares of the financial services provider's stock worth $5,476,000 after acquiring an additional 8,000 shares during the period. Hedge funds and other institutional investors own 65.99% of the company's stock.
About Northrim BanCorp
(
Get Free Report)
Northrim BanCorp, Inc operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. It operates through two segments, Community Banking and Home Mortgage Lending. The company offers noninterest-bearing checking accounts and interest-bearing time deposits, checking and savings accounts, individual retirement and money market deposit accounts, certificates of deposit, and business sweep accounts.
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