Northrim BanCorp, Inc. (NASDAQ:NRIM) Director Linda C. Thomas Buys 260 Shares

Northrim BanCorp, Inc. (NASDAQ:NRIM – Get Rating) Director Linda C. Thomas purchased 260 shares of the stock in a transaction dated Thursday, May 5th. The stock was bought at an average cost of $39.76 per share, with a total value of $10,337.60. Following the transaction, the director now owns 4,547 shares in the company, valued at $180,788.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ:NRIM opened at $40.44 on Friday. Northrim BanCorp, Inc. has a fifty-two week low of $38.42 and a fifty-two week high of $47.34. The business has a 50-day simple moving average of $43.17 and a two-hundred day simple moving average of $43.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.88. The firm has a market cap of $237.79 million, a price-to-earnings ratio of 7.69 and a beta of 0.71.

Northrim BanCorp (NASDAQ:NRIM – Get Rating) last issued its earnings results on Thursday, April 28th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.22. Northrim BanCorp had a return on equity of 13.61% and a net margin of 24.81%. As a group, research analysts predict that Northrim BanCorp, Inc. will post 4.57 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Thursday, March 10th were paid a dividend of $0.41 per share. This is an increase from Northrim BanCorp’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend was Wednesday, March 9th. Northrim BanCorp’s payout ratio is currently 31.18%.

Several equities analysts have recently issued reports on the company. StockNews.com assumed coverage on Northrim BanCorp in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Zacks Investment Research lowered Northrim BanCorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 28th. Finally, Janney Montgomery Scott raised Northrim BanCorp from a “neutral” rating to a “buy” rating in a research report on Friday, February 25th.

Several institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its stake in shares of Northrim BanCorp by 3.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,820 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 235 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Northrim BanCorp by 1.8% during the 3rd quarter. Goldman Sachs Group Inc. now owns 27,334 shares of the financial services provider’s stock valued at $1,162,000 after purchasing an additional 489 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of Northrim BanCorp by 2.3% during the 4th quarter. Parametric Portfolio Associates LLC now owns 23,695 shares of the financial services provider’s stock valued at $1,030,000 after purchasing an additional 534 shares during the period. APCM Wealth Management for Individuals grew its stake in shares of Northrim BanCorp by 6.2% during the 4th quarter. APCM Wealth Management for Individuals now owns 9,549 shares of the financial services provider’s stock valued at $415,000 after purchasing an additional 556 shares during the period. Finally, Advisor Group Holdings Inc. grew its stake in shares of Northrim BanCorp by 27.3% during the 3rd quarter. Advisor Group Holdings Inc. now owns 2,758 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 592 shares during the period. Institutional investors and hedge funds own 69.50% of the company’s stock.

Northrim BanCorp Company Profile (Get Rating)

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 in 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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