Tower Research Capital LLC TRC Acquires 539 Shares of Northrim BanCorp, Inc. (NASDAQ:NRIM)

Tower Research Capital LLC TRC grew its holdings in shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) by 161.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 873 shares of the financial services provider’s stock after buying an additional 539 shares during the period. Tower Research Capital LLC TRC’s holdings in Northrim BanCorp were worth $50,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NRIM. Assenagon Asset Management S.A. bought a new stake in shares of Northrim BanCorp during the 3rd quarter valued at $822,000. Kennedy Capital Management LLC raised its position in shares of Northrim BanCorp by 18.0% in the 3rd quarter. Kennedy Capital Management LLC now owns 65,876 shares of the financial services provider’s stock worth $2,610,000 after purchasing an additional 10,030 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Northrim BanCorp in the 3rd quarter worth about $366,000. Los Angeles Capital Management LLC purchased a new position in shares of Northrim BanCorp in the 3rd quarter worth about $244,000. Finally, Russell Investments Group Ltd. raised its position in shares of Northrim BanCorp by 17.2% in the 4th quarter. Russell Investments Group Ltd. now owns 38,568 shares of the financial services provider’s stock worth $2,206,000 after purchasing an additional 5,650 shares during the last quarter. Institutional investors own 65.99% of the company’s stock.

Northrim BanCorp Stock Performance

Shares of NRIM remained flat at $47.80 during trading hours on Tuesday. The stock had a trading volume of 16,080 shares, compared to its average volume of 11,573. The company’s 50-day moving average is $48.13 and its two-hundred day moving average is $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. The stock has a market capitalization of $262.90 million, a PE ratio of 9.32 and a beta of 0.70. Northrim BanCorp, Inc. has a 12-month low of $34.13 and a 12-month high of $59.90.

Northrim BanCorp Profile

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.