JPMorgan Chase & Co. Acquires 11,514 Shares of Northrim BanCorp, Inc. (NASDAQ:NRIM)

JPMorgan Chase & Co. boosted its holdings in shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) by 202.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,193 shares of the financial services provider’s stock after buying an additional 11,514 shares during the quarter. JPMorgan Chase & Co. owned about 0.31% of Northrim BanCorp worth $1,340,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Segall Bryant & Hamill LLC acquired a new position in shares of Northrim BanCorp during the 4th quarter valued at about $2,111,000. Vanguard Group Inc. boosted its position in Northrim BanCorp by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 301,117 shares of the financial services provider’s stock worth $23,469,000 after purchasing an additional 2,802 shares during the period. American Century Companies Inc. grew its holdings in Northrim BanCorp by 16.4% during the fourth quarter. American Century Companies Inc. now owns 122,173 shares of the financial services provider’s stock valued at $9,522,000 after purchasing an additional 17,240 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Northrim BanCorp in the fourth quarter valued at approximately $112,000. Finally, Semanteon Capital Management LP acquired a new stake in shares of Northrim BanCorp in the fourth quarter worth $201,000. 65.99% of the stock is currently owned by institutional investors.

Insider Activity at Northrim BanCorp

In other news, CEO Michael G. Huston sold 453 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $89.18, for a total transaction of $40,398.54. Following the completion of the transaction, the chief executive officer now directly owns 23,759 shares in the company, valued at $2,118,827.62. The trade was a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.90% of the stock is owned by corporate insiders.

Northrim BanCorp Stock Performance

NASDAQ:NRIM opened at $77.77 on Friday. The firm has a market capitalization of $429.37 million, a PE ratio of 11.75 and a beta of 0.73. Northrim BanCorp, Inc. has a 1 year low of $46.60 and a 1 year high of $91.72. 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 firm’s fifty day simple moving average is $74.61 and its 200 day simple moving average is $77.53.

Northrim BanCorp (NASDAQ:NRIM) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.82. The company had revenue of $45.50 million for the quarter, compared to the consensus estimate of $44.10 million. Northrim BanCorp had a return on equity of 14.86% and a net margin of 18.87%. On average, sell-side analysts anticipate that Northrim BanCorp, Inc. will post 8.05 EPS for the current year.

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.