JPMorgan Chase & Co. Has $1.34 Million Stock Position in Northrim BanCorp, Inc. (NASDAQ:NRIM)

JPMorgan Chase & Co. increased its position in Northrim BanCorp, Inc. (NASDAQ:NRIM - Free Report) by 202.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 reporting period.

Several other large investors have also bought and sold shares of NRIM. Bank of New York Mellon Corp raised its holdings in shares of Northrim BanCorp by 16.6% in the 4th quarter. Bank of New York Mellon Corp now owns 49,272 shares of the financial services provider's stock worth $3,840,000 after purchasing an additional 7,009 shares in the last quarter. State Street Corp raised its position in shares of Northrim BanCorp by 8.0% during the third quarter. State Street Corp now owns 107,568 shares of the financial services provider's stock worth $7,661,000 after purchasing an additional 8,012 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of Northrim BanCorp by 94.0% during the fourth quarter. Ritholtz Wealth Management now owns 6,151 shares of the financial services provider's stock valued at $479,000 after purchasing an additional 2,980 shares during the last quarter. Barclays PLC lifted its holdings 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 purchasing an additional 5,079 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Northrim BanCorp by 16.4% in the 4th 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 period. Institutional investors own 65.99% of the company's stock.

Northrim BanCorp Stock Up 1.9 %

Shares of NRIM traded up $1.48 during trading hours on Monday, reaching $79.25. The company's stock had a trading volume of 35,431 shares, compared to its average volume of 29,556. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.09. The firm has a market cap of $437.54 million, a price-to-earnings ratio of 11.97 and a beta of 0.73. The company has a 50 day moving average of $74.50 and a two-hundred day moving average of $77.67. Northrim BanCorp, Inc. has a 1-year low of $46.60 and a 1-year high of $91.72.

Northrim BanCorp (NASDAQ:NRIM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $2.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.56 by $0.82. The company had revenue of $45.50 million during the quarter, compared to analyst estimates of $44.10 million. Northrim BanCorp had a net margin of 18.87% and a return on equity of 14.86%. As a group, research analysts predict that Northrim BanCorp, Inc. will post 8.05 EPS for the current fiscal year.

Insider Activity at Northrim BanCorp

In other Northrim BanCorp news, CEO Michael G. Huston sold 453 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $89.18, for a total transaction of $40,398.54. Following the transaction, the chief executive officer now directly owns 23,759 shares in the company, valued at $2,118,827.62. This trade represents a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Hovde Group upped their price objective on shares of Northrim BanCorp from $99.00 to $104.00 and gave the company an "outperform" rating in a research note on Monday.

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.