Fmr LLC Buys 201 Shares of Northrim BanCorp, Inc. (NASDAQ:NRIM)

Fmr LLC boosted its stake in Northrim BanCorp, Inc. (NASDAQ:NRIM) by 13.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,731 shares of the financial services provider’s stock after buying an additional 201 shares during the period. Fmr LLC’s holdings in Northrim BanCorp were worth $123,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Northrim BanCorp by 7.3% in the second quarter. American Century Companies Inc. now owns 84,730 shares of the financial services provider’s stock valued at $4,884,000 after purchasing an additional 5,794 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Northrim BanCorp by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 47,275 shares of the financial services provider’s stock valued at $2,725,000 after purchasing an additional 1,149 shares during the period. Elizabeth Park Capital Advisors Ltd. grew its holdings in Northrim BanCorp by 27.3% in the 2nd quarter. Elizabeth Park Capital Advisors Ltd. now owns 46,316 shares of the financial services provider’s stock valued at $2,670,000 after buying an additional 9,919 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Northrim BanCorp by 27.2% in the 2nd quarter. Renaissance Technologies LLC now owns 27,100 shares of the financial services provider’s stock valued at $1,562,000 after buying an additional 5,800 shares in the last quarter. Finally, Empowered Funds LLC increased its position in Northrim BanCorp by 4.7% during the 3rd quarter. Empowered Funds LLC now owns 20,697 shares of the financial services provider’s stock worth $1,474,000 after buying an additional 938 shares during the period. 65.99% of the stock is owned by institutional investors.

Insider Activity

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

Analyst Upgrades and Downgrades

Separately, Hovde Group started coverage on shares of Northrim BanCorp in a research report on Friday. They issued an “outperform” rating and a $96.50 target price for the company.

Northrim BanCorp Stock Down 0.8 %

NASDAQ NRIM opened at $76.48 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.09. The company has a market cap of $420.79 million, a price-to-earnings ratio of 13.05 and a beta of 0.80. The company has a 50 day moving average of $78.02 and a 200-day moving average of $68.75. Northrim BanCorp, Inc. has a 1-year low of $43.92 and a 1-year high of $91.72.

Northrim BanCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 19th will be issued a $0.62 dividend. The ex-dividend date is Thursday, December 19th. This represents a $2.48 annualized dividend and a yield of 3.24%. Northrim BanCorp’s dividend payout ratio is presently 42.32%.

Northrim BanCorp 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.