Jane Street Group LLC Sells 1,063 Shares of Northrim BanCorp, Inc. (NASDAQ:NRIM)

Jane Street Group LLC decreased its holdings in Northrim BanCorp, Inc. (NASDAQ:NRIM) by 18.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,624 shares of the financial services provider’s stock after selling 1,063 shares during the period. Jane Street Group LLC owned about 0.08% of Northrim BanCorp worth $329,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NRIM. State Street Corp lifted its holdings in 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 purchasing an additional 8,012 shares during the last quarter. Martingale Asset Management L P lifted its stake in shares of Northrim BanCorp by 13.8% during the 3rd quarter. Martingale Asset Management L P now owns 6,967 shares of the financial services provider’s stock worth $496,000 after buying an additional 846 shares during the last quarter. De Lisle Partners LLP boosted its holdings in shares of 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 buying an additional 8,000 shares during the period. FMR LLC boosted its holdings in shares of Northrim BanCorp by 13.1% during the 3rd quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock worth $123,000 after buying an additional 201 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Northrim BanCorp by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,677 shares of the financial services provider’s stock valued at $1,117,000 after buying an additional 457 shares during the last quarter. 65.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Hovde Group began coverage on Northrim BanCorp in a report on Friday, December 20th. They set an “outperform” rating and a $96.50 price objective for the company.

Insiders Place Their Bets

In related news, Director Linda C. Thomas sold 2,550 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $79.00, for a total transaction of $201,450.00. Following the sale, the director now owns 1,172 shares of the company’s stock, valued at $92,588. This represents a 68.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.10% of the company’s stock.

Northrim BanCorp Stock Down 1.2 %

NRIM opened at $73.73 on Friday. The stock has a fifty day moving average of $80.24 and a 200-day moving average of $70.75. The company has a market capitalization of $405.66 million, a P/E ratio of 12.58 and a beta of 0.82. Northrim BanCorp, Inc. has a fifty-two week low of $43.92 and a fifty-two week high of $91.72. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.81 and a current ratio of 0.85.

Northrim BanCorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 19th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Thursday, December 19th. Northrim BanCorp’s dividend payout ratio is currently 42.32%.

Northrim BanCorp Company Profile

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.