Teton Advisors Inc. Invests $240,000 in Northrim BanCorp, Inc. (NASDAQ:NRIM)

Teton Advisors Inc. bought a new position in shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) during the fourth quarter, Holdings Channel.com reports. The fund bought 4,197 shares of the financial services provider’s stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Securities Inc. acquired a new stake in shares of Northrim BanCorp during the fourth quarter worth about $28,000. Tower Research Capital LLC TRC increased its position in Northrim BanCorp by 161.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 873 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 539 shares during the period. Commonwealth Equity Services LLC increased its position in Northrim BanCorp by 7.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 14,105 shares of the financial services provider’s stock valued at $559,000 after acquiring an additional 1,038 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Northrim BanCorp in the 3rd quarter valued at about $53,000. Finally, BNP Paribas Financial Markets increased its position in Northrim BanCorp by 30.0% in the 4th quarter. BNP Paribas Financial Markets now owns 6,143 shares of the financial services provider’s stock valued at $351,000 after acquiring an additional 1,417 shares during the period. Institutional investors and hedge funds own 65.99% of the company’s stock.

Northrim BanCorp Stock Performance

NRIM stock traded up $0.56 during trading on Thursday, hitting $49.89. The company had a trading volume of 13,982 shares, compared to its average volume of 11,556. The firm has a market cap of $274.40 million, a PE ratio of 9.62 and a beta of 0.71. Northrim BanCorp, Inc. has a 1-year low of $34.72 and a 1-year high of $59.90. The firm has a 50-day moving average price of $48.12 and a 200-day moving average price of $49.38. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.10.

About Northrim BanCorp

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.