Barclays PLC Has $1.47 Million Stock Holdings in Northrim BanCorp, Inc. (NASDAQ:NRIM)

Barclays PLC increased its position in shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) by 32.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,689 shares of the financial services provider’s stock after acquiring an additional 5,079 shares during the quarter. Barclays PLC owned about 0.38% of Northrim BanCorp worth $1,474,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. FMR LLC lifted its stake in Northrim BanCorp by 13.1% in the third quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock valued at $123,000 after buying an additional 201 shares during the period. SG Americas Securities LLC acquired a new position in Northrim BanCorp in the third quarter valued at about $142,000. Fulton Bank N.A. acquired a new position in Northrim BanCorp in the third quarter valued at about $214,000. Ritholtz Wealth Management acquired a new position in Northrim BanCorp in the third quarter valued at about $226,000. Finally, Sei Investments Co. lifted its stake in Northrim BanCorp by 15.0% in the second quarter. Sei Investments Co. now owns 4,598 shares of the financial services provider’s stock valued at $265,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 65.99% of the company’s stock.

Northrim BanCorp Trading Down 2.8 %

NASDAQ NRIM opened at $71.67 on Monday. The firm has a market cap of $394.33 million, a P/E ratio of 12.23 and a beta of 0.82. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.81. The stock’s 50-day moving average is $80.54 and its 200-day moving average is $70.99. Northrim BanCorp, Inc. has a one year low of $43.92 and a one year high of $91.72.

Northrim BanCorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 19th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Thursday, December 19th. Northrim BanCorp’s dividend payout ratio is currently 42.32%.

Analysts Set New Price Targets

Separately, Hovde Group initiated coverage on Northrim BanCorp in a research note on Friday, December 20th. They issued an “outperform” rating and a $96.50 target price on the stock.

Insider Transactions at Northrim BanCorp

In other news, Director Linda C. Thomas sold 2,550 shares of the firm’s 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 sale, the director now owns 1,172 shares of the company’s stock, valued at $92,588. This trade represents a 68.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.10% of the stock is currently owned by insiders.

About Northrim BanCorp

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.