Nisa Investment Advisors LLC Has $63,000 Stake in Northrim BanCorp, Inc. (NASDAQ:NRIM)

Nisa Investment Advisors LLC trimmed its holdings in shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) by 26.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,100 shares of the financial services provider’s stock after selling 400 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Northrim BanCorp were worth $63,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. bought a new position in shares of Northrim BanCorp during the 3rd quarter worth about $822,000. Redmont Wealth Advisors LLC lifted its holdings in shares of Northrim BanCorp by 14.8% during the 3rd quarter. Redmont Wealth Advisors LLC now owns 12,397 shares of the financial services provider’s stock worth $491,000 after acquiring an additional 1,594 shares during the period. SeaCrest Wealth Management LLC bought a new position in shares of Northrim BanCorp during the 4th quarter worth about $247,000. Trexquant Investment LP bought a new position in shares of Northrim BanCorp during the 3rd quarter worth about $366,000. Finally, Kennedy Capital Management LLC lifted its holdings in shares of Northrim BanCorp by 18.0% during the 3rd quarter. Kennedy Capital Management LLC now owns 65,876 shares of the financial services provider’s stock worth $2,610,000 after acquiring an additional 10,030 shares during the period. 65.99% of the stock is owned by institutional investors.

Northrim BanCorp Price Performance

NASDAQ:NRIM opened at $46.39 on Monday. The company has a 50-day moving average of $48.57 and a 200-day moving average of $49.04. The company has a market capitalization of $255.15 million, a price-to-earnings ratio of 10.33 and a beta of 0.70. Northrim BanCorp, Inc. has a 52 week low of $33.29 and a 52 week high of $59.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.78 and a current ratio of 0.79.

Northrim BanCorp (NASDAQ:NRIM) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.05). Northrim BanCorp had a return on equity of 11.22% and a net margin of 16.04%. The business had revenue of $33.22 million for the quarter, compared to the consensus estimate of $33.60 million. As a group, equities research analysts anticipate that Northrim BanCorp, Inc. will post 5 earnings per share for the current fiscal year.

Northrim BanCorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, March 7th were issued a dividend of $0.61 per share. This is an increase from Northrim BanCorp’s previous quarterly dividend of $0.60. This represents a $2.44 annualized dividend and a yield of 5.26%. The ex-dividend date was Wednesday, March 6th. Northrim BanCorp’s dividend payout ratio (DPR) is currently 54.34%.

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.