Northrim BanCorp, Inc. (NASDAQ:NRIM)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $45.20 and last traded at $44.95, with a volume of 966 shares. The stock had previously closed at $44.60.

A number of equities analysts recently commented on NRIM shares. BidaskClub downgraded shares of Northrim BanCorp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 28th. Zacks Investment Research downgraded shares of Northrim BanCorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 5th.

The company has a market capitalization of $306.19 million, a P/E ratio of 21.86 and a beta of 0.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.82 and a current ratio of 0.86.

Northrim BanCorp (NASDAQ:NRIM) last issued its quarterly earnings data on Monday, July 30th. The financial services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.22. The company had revenue of $23.30 million during the quarter, compared to the consensus estimate of $23.10 million. Northrim BanCorp had a net margin of 15.84% and a return on equity of 9.52%. equities analysts anticipate that Northrim BanCorp, Inc. will post 2.85 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Thursday, September 6th will be paid a $0.27 dividend. This is an increase from Northrim BanCorp’s previous quarterly dividend of $0.24. The ex-dividend date is Wednesday, September 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.38%. Northrim BanCorp’s payout ratio is 47.06%.

In other news, Director David G. Wight sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $44.15, for a total transaction of $88,300.00. Following the transaction, the director now directly owns 11,500 shares of the company’s stock, valued at $507,725. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David W. Karp purchased 620 shares of Northrim BanCorp stock in a transaction dated Wednesday, August 1st. The shares were acquired at an average cost of $40.50 per share, for a total transaction of $25,110.00. Following the completion of the transaction, the director now owns 2,436 shares of the company’s stock, valued at approximately $98,658. The disclosure for this purchase can be found here. Insiders purchased 2,490 shares of company stock valued at $100,830 in the last three months. 2.80% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Northrim BanCorp by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 577,680 shares of the financial services provider’s stock worth $19,959,000 after purchasing an additional 1,905 shares in the last quarter. BlackRock Inc. increased its position in shares of Northrim BanCorp by 2.7% during the second quarter. BlackRock Inc. now owns 524,269 shares of the financial services provider’s stock worth $20,735,000 after purchasing an additional 13,985 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Northrim BanCorp by 16.4% during the first quarter. The Manufacturers Life Insurance Company now owns 260,913 shares of the financial services provider’s stock worth $9,014,000 after purchasing an additional 36,793 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Northrim BanCorp by 68.8% during the second quarter. Renaissance Technologies LLC now owns 150,800 shares of the financial services provider’s stock worth $5,964,000 after purchasing an additional 61,482 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its position in shares of Northrim BanCorp by 42.7% during the second quarter. Dalton Greiner Hartman Maher & Co. now owns 87,799 shares of the financial services provider’s stock worth $3,472,000 after purchasing an additional 26,292 shares in the last quarter. 70.58% of the stock is currently owned by institutional investors and hedge funds.

Northrim BanCorp Company Profile (NASDAQ:NRIM)

Northrim BanCorp, Inc operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professionals in Alaska. The company operates in two segments, Community Banking and Home Mortgage Lending. It offers various deposit products, including noninterest-bearing checking accounts and interest-bearing time deposits, checking accounts, and savings accounts, as well as money market deposit accounts, certificates of deposit, and courier noncash deposits.

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