Northrim BanCorp Inc (NASDAQ:NRIM) Stake Reduced by Nationwide Fund Advisors
Nationwide Fund Advisors cut its stake in Northrim BanCorp Inc (NASDAQ:NRIM) by 7.4% during the first quarter, Holdings Channel reports. The fund owned 4,514 shares of the financial services provider’s stock after selling 361 shares during the period. Nationwide Fund Advisors’ holdings in Northrim BanCorp were worth $136,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Dalton Greiner Hartman Maher & Co. raised its stake in Northrim BanCorp by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 47,924 shares of the financial services provider’s stock valued at $1,440,000 after buying an additional 196 shares during the last quarter. Teachers Advisors LLC raised its stake in Northrim BanCorp by 8.2% in the fourth quarter. Teachers Advisors LLC now owns 11,713 shares of the financial services provider’s stock valued at $370,000 after buying an additional 887 shares during the last quarter. Two Sigma Investments LP raised its stake in Northrim BanCorp by 1.4% in the fourth quarter. Two Sigma Investments LP now owns 14,887 shares of the financial services provider’s stock valued at $470,000 after buying an additional 201 shares during the last quarter. Renaissance Technologies LLC raised its stake in Northrim BanCorp by 25.8% in the fourth quarter. Renaissance Technologies LLC now owns 117,600 shares of the financial services provider’s stock valued at $3,716,000 after buying an additional 24,100 shares during the last quarter. Finally, FMR LLC purchased a new stake in Northrim BanCorp during the fourth quarter valued at $872,000. 71.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of Northrim BanCorp Inc (NASDAQ NRIM) opened at 30.60 on Friday. The company has a market cap of $211.45 million, a price-to-earnings ratio of 14.37 and a beta of 0.60. Northrim BanCorp Inc has a 12-month low of $24.35 and a 12-month high of $33.00. The stock has a 50 day moving average of $30.53 and a 200 day moving average of $30.32.
Northrim BanCorp (NASDAQ:NRIM) last posted its quarterly earnings results on Monday, May 1st. The financial services provider reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.11. The business had revenue of $22.73 million during the quarter, compared to the consensus estimate of $22 million. Northrim BanCorp had a return on equity of 8.83% and a net margin of 14.62%. On average, equities analysts expect that Northrim BanCorp Inc will post $2.00 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Thursday, June 8th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Tuesday, June 6th. Northrim BanCorp’s dividend payout ratio (DPR) is presently 39.44%.
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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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