Fmr LLC boosted its position in shares of Northrim BanCorp Inc (NASDAQ:NRIM) by 10.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,608 shares of the financial services provider’s stock after acquiring an additional 15,939 shares during the quarter. Fmr LLC owned 2.50% of Northrim BanCorp worth $5,247,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American International Group Inc. raised its position in Northrim BanCorp by 6.9% during the first quarter. American International Group Inc. now owns 4,137 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 267 shares in the last quarter. Bank of America Corp DE raised its position in Northrim BanCorp by 6.1% during the first quarter. Bank of America Corp DE now owns 6,141 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 353 shares in the last quarter. Nationwide Fund Advisors raised its position in Northrim BanCorp by 37.7% during the second quarter. Nationwide Fund Advisors now owns 6,214 shares of the financial services provider’s stock worth $189,000 after acquiring an additional 1,700 shares in the last quarter. Rhumbline Advisers bought a new stake in Northrim BanCorp during the second quarter worth $222,000. Finally, New York State Common Retirement Fund raised its position in Northrim BanCorp by 119.1% during the second quarter. New York State Common Retirement Fund now owns 8,092 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 4,399 shares in the last quarter. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

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Separately, ValuEngine lowered shares of Northrim BanCorp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

Shares of Northrim BanCorp Inc (NASDAQ:NRIM) opened at $34.15 on Friday. The stock has a market capitalization of $234.69 million, a PE ratio of 14.51 and a beta of 0.70. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 0.85.

About Northrim BanCorp

Northrim BanCorp, Inc is a bank holding company. The Company operates in two segments: Community Banking and Home Mortgage Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. The Community Banking segment operates approximately 10 branches throughout Alaska.

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Institutional Ownership by Quarter for Northrim BanCorp (NASDAQ:NRIM)

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