Northrim BanCorp (NASDAQ:NRIM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

According to Zacks, “Northrim BanCorp, Inc. is a full-service commercial bank that provides a full range of personal and business banking services. “

Separately, ValuEngine upgraded Northrim BanCorp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 26th.

Northrim BanCorp (NASDAQ NRIM) opened at $33.85 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.83. The company has a market capitalization of $231.99, a PE ratio of 14.34 and a beta of 0.75. Northrim BanCorp has a 12 month low of $26.31 and a 12 month high of $38.15.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in Northrim BanCorp by 6.9% during the third quarter. Dimensional Fund Advisors LP now owns 558,458 shares of the financial services provider’s stock valued at $19,518,000 after purchasing an additional 35,888 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Northrim BanCorp by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 305,102 shares of the financial services provider’s stock valued at $9,275,000 after purchasing an additional 5,134 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Northrim BanCorp by 0.7% during the second quarter. Vanguard Group Inc. now owns 240,905 shares of the financial services provider’s stock valued at $7,323,000 after purchasing an additional 1,773 shares in the last quarter. FMR LLC boosted its holdings in Northrim BanCorp by 10.2% during the second quarter. FMR LLC now owns 172,608 shares of the financial services provider’s stock valued at $5,247,000 after purchasing an additional 15,939 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in Northrim BanCorp by 7.8% during the second quarter. LSV Asset Management now owns 171,167 shares of the financial services provider’s stock valued at $5,203,000 after purchasing an additional 12,322 shares in the last quarter. 72.13% of the stock is currently owned by institutional investors.

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Northrim BanCorp Company Profile

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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