BNP Paribas Financial Markets Has $452,000 Holdings in Northrim BanCorp, Inc. (NASDAQ:NRIM)

BNP Paribas Financial Markets grew its position in Northrim BanCorp, Inc. (NASDAQ:NRIM) by 17.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,797 shares of the financial services provider’s stock after acquiring an additional 875 shares during the period. BNP Paribas Financial Markets owned 0.11% of Northrim BanCorp worth $452,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in NRIM. Vanguard Group Inc. raised its holdings in Northrim BanCorp by 0.9% during the 4th 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 last quarter. American Century Companies Inc. increased its holdings in Northrim BanCorp by 16.4% during the 4th quarter. American Century Companies Inc. now owns 122,173 shares of the financial services provider’s stock worth $9,522,000 after purchasing an additional 17,240 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Northrim BanCorp by 16.6% during the 4th quarter. Bank of New York Mellon Corp now owns 49,272 shares of the financial services provider’s stock valued at $3,840,000 after acquiring an additional 7,009 shares in the last quarter. Zacks Investment Management grew its position in Northrim BanCorp by 1.7% in the 4th quarter. Zacks Investment Management now owns 44,952 shares of the financial services provider’s stock worth $3,504,000 after purchasing an additional 744 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Northrim BanCorp by 28.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 36,120 shares of the financial services provider’s stock worth $2,815,000 after acquiring an additional 7,961 shares during the period. 65.99% of the stock is currently owned by institutional investors.

Northrim BanCorp Trading Up 0.9%

Shares of NRIM opened at $88.13 on Monday. The business’s 50-day moving average price is $77.58 and its 200-day moving average price is $79.87. The stock has a market cap of $486.57 million, a PE ratio of 13.31 and a beta of 0.93. Northrim BanCorp, Inc. has a twelve month low of $52.10 and a twelve month high of $91.72. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.09.

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

Northrim BanCorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.90%. Northrim BanCorp’s dividend payout ratio (DPR) is presently 34.04%.

Wall Street Analyst Weigh In

Separately, Hovde Group lifted their price target on shares of Northrim BanCorp from $99.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, April 28th.

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.