De Lisle Partners LLP Raises Holdings in Northrim BanCorp, Inc. (NASDAQ:NRIM)

De Lisle Partners LLP lifted its position in shares of Northrim BanCorp, Inc. (NASDAQ:NRIM - Free Report) by 11.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,095 shares of the financial services provider's stock after purchasing an additional 8,000 shares during the period. Northrim BanCorp comprises about 0.9% of De Lisle Partners LLP's holdings, making the stock its 27th largest position. De Lisle Partners LLP owned 1.40% of Northrim BanCorp worth $5,476,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NRIM. ClariVest Asset Management LLC acquired a new stake in shares of Northrim BanCorp during the second quarter worth about $1,141,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Northrim BanCorp during the third quarter worth about $824,000. Elizabeth Park Capital Advisors Ltd. increased its position in shares of Northrim BanCorp by 27.3% during the second quarter. Elizabeth Park Capital Advisors Ltd. now owns 46,316 shares of the financial services provider's stock worth $2,670,000 after purchasing an additional 9,919 shares in the last quarter. Renaissance Technologies LLC increased its position in Northrim BanCorp by 27.2% in the 2nd quarter. Renaissance Technologies LLC now owns 27,100 shares of the financial services provider's stock valued at $1,562,000 after acquiring an additional 5,800 shares during the period. Finally, American Century Companies Inc. increased its position in Northrim BanCorp by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 84,730 shares of the financial services provider's stock valued at $4,884,000 after acquiring an additional 5,794 shares during the period. Institutional investors and hedge funds own 65.99% of the company's stock.

Insider Activity at Northrim BanCorp

In related 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 value of $201,450.00. Following the transaction, the director now owns 1,172 shares in the company, valued at $92,588. The trade was a 68.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.10% of the stock is currently owned by insiders.

Northrim BanCorp Stock Performance

NRIM stock traded down $0.61 during trading on Thursday, hitting $85.57. The company had a trading volume of 20,136 shares, compared to its average volume of 17,885. The firm has a market cap of $470.64 million, a PE ratio of 14.60 and a beta of 0.73. Northrim BanCorp, Inc. has a 1-year low of $43.92 and a 1-year high of $91.72. The firm has a 50-day moving average price of $72.83 and a 200-day moving average price of $65.13. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.09.

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.