Northrim BanCorp, Inc. (NASDAQ:NRIM - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $61.27 and traded as high as $65.12. Northrim BanCorp shares last traded at $64.07, with a volume of 11,111 shares changing hands.
Northrim BanCorp Price Performance
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 $369.27 million, a PE ratio of 11.46 and a beta of 0.73. The stock has a 50 day moving average price of $68.30 and a two-hundred day moving average price of $61.40.
Northrim BanCorp Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, September 5th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.69%. The ex-dividend date was Thursday, September 5th. This is a positive change from Northrim BanCorp's previous quarterly dividend of $0.61. Northrim BanCorp's payout ratio is presently 42.32%.
Insiders Place Their Bets
In other news, Director Joseph Marushack purchased 493 shares of the business's stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of $60.22 per share, for a total transaction of $29,688.46. Following the acquisition, the director now directly owns 2,768 shares of the company's stock, valued at approximately $166,688.96. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.10% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Northrim BanCorp
Several hedge funds have recently bought and sold shares of NRIM. SG Americas Securities LLC purchased a new position in Northrim BanCorp during the 3rd quarter worth $142,000. Fulton Bank N.A. acquired a new stake in shares of Northrim BanCorp during the 3rd quarter worth $214,000. Ritholtz Wealth Management acquired a new stake in Northrim BanCorp during the 3rd quarter worth approximately $226,000. Sei Investments Co. increased its holdings in Northrim BanCorp by 15.0% in the 2nd quarter. Sei Investments Co. now owns 4,598 shares of the financial services provider's stock valued at $265,000 after purchasing an additional 600 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Northrim BanCorp by 2.6% during the 2nd quarter. Rhumbline Advisers now owns 6,703 shares of the financial services provider's stock worth $386,000 after acquiring an additional 169 shares in the last quarter. Institutional investors and hedge funds own 65.99% of the company's stock.
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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