Ritholtz Wealth Management Buys 2,980 Shares of Northrim BanCorp, Inc. (NASDAQ:NRIM)

Ritholtz Wealth Management increased its position in Northrim BanCorp, Inc. (NASDAQ:NRIMFree Report) by 94.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,151 shares of the financial services provider’s stock after acquiring an additional 2,980 shares during the quarter. Ritholtz Wealth Management’s holdings in Northrim BanCorp were worth $479,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Northrim BanCorp by 150.4% during the third quarter. JPMorgan Chase & Co. now owns 5,679 shares of the financial services provider’s stock valued at $404,000 after buying an additional 3,411 shares during the last quarter. Barclays PLC boosted its position in shares of Northrim BanCorp by 32.5% during the third quarter. Barclays PLC now owns 20,689 shares of the financial services provider’s stock valued at $1,474,000 after buying an additional 5,079 shares during the last quarter. Geode Capital Management LLC increased its holdings in Northrim BanCorp by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 126,898 shares of the financial services provider’s stock worth $9,040,000 after buying an additional 2,133 shares in the last quarter. Zacks Investment Management raised its position in Northrim BanCorp by 8.7% in the 3rd quarter. Zacks Investment Management now owns 44,208 shares of the financial services provider’s stock worth $3,148,000 after buying an additional 3,550 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Northrim BanCorp by 8.0% during the 3rd quarter. State Street Corp now owns 107,568 shares of the financial services provider’s stock valued at $7,661,000 after acquiring an additional 8,012 shares during the last quarter. 65.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Northrim BanCorp

In other Northrim BanCorp news, Director Linda C. Thomas sold 2,550 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $79.00, for a total transaction of $201,450.00. Following the completion of the sale, the director now owns 1,172 shares of the company’s stock, valued at approximately $92,588. The trade was a 68.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.10% of the stock is owned by corporate insiders.

Northrim BanCorp Stock Up 2.2 %

NRIM stock opened at $80.15 on Wednesday. The company has a market cap of $440.83 million, a price-to-earnings ratio of 13.68 and a beta of 0.82. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.81 and a current ratio of 0.85. The business’s 50-day moving average is $81.10 and its two-hundred day moving average is $72.11. Northrim BanCorp, Inc. has a fifty-two week low of $43.92 and a fifty-two week high of $91.72.

Northrim BanCorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 19th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Thursday, December 19th. Northrim BanCorp’s payout ratio is 42.32%.

Analyst Upgrades and Downgrades

Separately, Hovde Group assumed coverage on shares of Northrim BanCorp in a report on Friday, December 20th. They issued an “outperform” rating and a $96.50 target price on the stock.

Get Our Latest Stock Report on Northrim BanCorp

Northrim BanCorp Profile

(Free Report)

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.

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Want to see what other hedge funds are holding NRIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrim BanCorp, Inc. (NASDAQ:NRIMFree Report).

Institutional Ownership by Quarter for Northrim BanCorp (NASDAQ:NRIM)

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