Northrim BanCorp, Inc. (NASDAQ:NRIM) Director Buys $15,126.00 in Stock

Northrim BanCorp, Inc. (NASDAQ:NRIM - Get Free Report) Director Marilyn Romano purchased 200 shares of the stock in a transaction dated Monday, March 24th. The shares were purchased at an average price of $75.63 per share, with a total value of $15,126.00. Following the completion of the transaction, the director now owns 1,207 shares of the company's stock, valued at approximately $91,285.41. This trade represents a 19.86 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Northrim BanCorp Stock Down 2.3 %

Shares of Northrim BanCorp stock traded down $1.72 during trading hours on Friday, reaching $73.25. 16,720 shares of the company were exchanged, compared to its average volume of 27,988. The firm has a market cap of $404.41 million, a PE ratio of 11.06 and a beta of 0.82. The stock's fifty day moving average is $80.21 and its 200 day moving average is $77.15. Northrim BanCorp, Inc. has a 1 year low of $43.92 and a 1 year high of $91.72. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.81 and a current ratio of 0.85.

Northrim BanCorp (NASDAQ:NRIM - Get Free Report) last posted its quarterly earnings results on Friday, January 24th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.72. Northrim BanCorp had a return on equity of 14.86% and a net margin of 18.87%. As a group, equities research analysts forecast that Northrim BanCorp, Inc. will post 8.05 earnings per share for the current year.

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Northrim BanCorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, March 6th were paid a $0.64 dividend. The ex-dividend date was Thursday, March 6th. This represents a $2.56 dividend on an annualized basis and a yield of 3.49%. This is an increase from Northrim BanCorp's previous quarterly dividend of $0.62. Northrim BanCorp's payout ratio is currently 38.67%.

Analyst Ratings Changes

Separately, Hovde Group assumed coverage on Northrim BanCorp in a research report on Friday, December 20th. They issued an "outperform" rating and a $96.50 target price for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NRIM. Tower Research Capital LLC TRC lifted its position in shares of Northrim BanCorp by 57.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 366 shares of the financial services provider's stock worth $29,000 after purchasing an additional 133 shares during the last quarter. DecisionPoint Financial LLC acquired a new position in shares of Northrim BanCorp during the 4th quarter worth about $39,000. Quantbot Technologies LP purchased a new position in shares of Northrim BanCorp in the 4th quarter valued at about $112,000. FMR LLC raised its position in shares of Northrim BanCorp by 13.1% during the 3rd quarter. FMR LLC now owns 1,731 shares of the financial services provider's stock worth $123,000 after acquiring an additional 201 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Northrim BanCorp by 25.8% during the fourth quarter. SG Americas Securities LLC now owns 2,501 shares of the financial services provider's stock worth $195,000 after purchasing an additional 513 shares during the last quarter. Institutional investors and hedge funds own 65.99% of the company's stock.

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.