Northrim BanCorp, Inc. (NASDAQ:NRIM – Get Rating) CFO Jed W. Ballard acquired 500 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The shares were bought at an average price of $47.50 per share, with a total value of $23,750.00. Following the completion of the purchase, the chief financial officer now directly owns 3,749 shares in the company, valued at $178,077.50. The acquisition was disclosed in a document filed with the SEC, which is available through this link.
Northrim BanCorp Trading Down 5.4 %
Shares of NASDAQ NRIM opened at $46.34 on Tuesday. The business has a fifty day moving average price of $53.12 and a 200 day moving average price of $49.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.74. Northrim BanCorp, Inc. has a 1-year low of $38.42 and a 1-year high of $56.77. The stock has a market capitalization of $263.67 million, a P/E ratio of 8.79 and a beta of 0.66.
Northrim BanCorp Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Shareholders of record on Thursday, March 9th will be paid a $0.60 dividend. The ex-dividend date is Wednesday, March 8th. This is a boost from Northrim BanCorp’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 5.18%. Northrim BanCorp’s dividend payout ratio (DPR) is 45.54%.
Institutional Investors Weigh In On Northrim BanCorp
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut Northrim BanCorp from a “buy” rating to a “hold” rating in a research note on Monday.
About Northrim BanCorp
Northrim Bancorp, Inc operates as a bank holding company. The firm provides personal, business and commercial banking products and services. It operates through the following segments: Community Banking and Home Mortgage Lending. The Community Banking segment offers loan and deposit products to business and consumer customers in the company’s market areas.
- Get a free copy of the StockNews.com research report on Northrim BanCorp (NRIM)
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