Shares of Northrim BanCorp, Inc. (NASDAQ:NRIM - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $62.59 and traded as high as $79.23. Northrim BanCorp shares last traded at $79.16, with a volume of 28,317 shares.
Northrim BanCorp Trading Up 3.2 %
The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.81 and a current ratio of 0.85. The company's 50 day moving average is $69.13 and its 200 day moving average is $62.59. The stock has a market capitalization of $449.52 million, a price-to-earnings ratio of 13.83 and a beta of 0.73.
Northrim BanCorp Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, September 5th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Thursday, September 5th. This is a boost from Northrim BanCorp's previous quarterly dividend of $0.61. Northrim BanCorp's dividend payout ratio (DPR) is presently 42.32%.
Hedge Funds Weigh In On Northrim BanCorp
Several institutional investors and hedge funds have recently added to or reduced their stakes in NRIM. Rhumbline Advisers raised its stake in shares of Northrim BanCorp by 2.6% in the second quarter. Rhumbline Advisers now owns 6,703 shares of the financial services provider's stock valued at $386,000 after purchasing an additional 169 shares in the last quarter. Huber Capital Management LLC increased its holdings in Northrim BanCorp by 0.4% in the 1st quarter. Huber Capital Management LLC now owns 56,079 shares of the financial services provider's stock valued at $2,833,000 after buying an additional 200 shares during the period. FMR LLC increased its holdings in Northrim BanCorp by 13.1% in the 3rd quarter. FMR LLC now owns 1,731 shares of the financial services provider's stock valued at $123,000 after buying an additional 201 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Northrim BanCorp by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,677 shares of the financial services provider's stock valued at $1,117,000 after buying an additional 457 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Northrim BanCorp by 15.0% during the 2nd quarter. Sei Investments Co. now owns 4,598 shares of the financial services provider's stock worth $265,000 after acquiring an additional 600 shares during the period. 65.99% of the stock is currently owned by institutional investors.
Northrim BanCorp Company Profile
(
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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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