Shares of Northrim BanCorp, Inc. (NASDAQ:NRIM - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $60.36 and traded as high as $69.29. Northrim BanCorp shares last traded at $64.56, with a volume of 9,555 shares changing hands.
Northrim BanCorp Stock Down 3.0 %
The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $355.08 million, a PE ratio of 11.19 and a beta of 0.71. The business's 50 day simple moving average is $68.32 and its 200 day simple moving average is $60.45.
Northrim BanCorp (NASDAQ:NRIM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.31. Northrim BanCorp had a net margin of 18.41% and a return on equity of 13.61%. The company had revenue of $46.49 million during the quarter, compared to analyst estimates of $35.00 million. As a group, analysts forecast that Northrim BanCorp, Inc. will post 5.83 EPS for the current year.
Northrim BanCorp Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.62 per share. The ex-dividend date was Thursday, September 5th. This is a positive change from Northrim BanCorp's previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a yield of 3.84%. Northrim BanCorp's dividend payout ratio is currently 42.98%.
Insider Buying and Selling at Northrim BanCorp
In related news, Director Joseph Marushack purchased 493 shares of Northrim BanCorp stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average cost of $60.22 per share, with a total value of $29,688.46. Following the completion of the transaction, the director now directly owns 2,768 shares of the company's stock, valued at $166,688.96. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.10% of the company's stock.
Institutional Trading of Northrim BanCorp
A number of hedge funds have recently made changes to their positions in NRIM. SG Americas Securities LLC purchased a new stake in shares of Northrim BanCorp in the third quarter worth approximately $142,000. Fulton Bank N.A. purchased a new stake in shares of Northrim BanCorp in the third quarter worth approximately $214,000. Ritholtz Wealth Management acquired a new position in Northrim BanCorp in the third quarter worth approximately $226,000. Sei Investments Co. increased its holdings in Northrim BanCorp by 15.0% in the second quarter. Sei Investments Co. now owns 4,598 shares of the financial services provider's stock worth $265,000 after buying an additional 600 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Northrim BanCorp by 2.6% in the second quarter. Rhumbline Advisers now owns 6,703 shares of the financial services provider's stock worth $386,000 after buying an additional 169 shares during the last quarter. 65.99% of the stock is owned by hedge funds and other institutional investors.
Northrim BanCorp Company Profile
(
Get 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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