Northrim BanCorp, Inc. (NASDAQ:NRIM) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC reduced its position in shares of Northrim BanCorp, Inc. (NASDAQ:NRIM - Free Report) by 23.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 46,162 shares of the financial services provider's stock after selling 14,330 shares during the quarter. Bridgeway Capital Management LLC owned about 0.84% of Northrim BanCorp worth $3,598,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NRIM. Tower Research Capital LLC TRC grew its holdings in shares of Northrim BanCorp by 57.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 366 shares of the financial services provider's stock worth $29,000 after purchasing an additional 133 shares during the last quarter. DecisionPoint Financial LLC purchased a new position in Northrim BanCorp in the fourth quarter worth $39,000. Quantbot Technologies LP acquired a new stake in Northrim BanCorp in the fourth quarter worth about $112,000. SG Americas Securities LLC grew its stake in shares of Northrim BanCorp by 25.8% during the fourth quarter. SG Americas Securities LLC now owns 2,501 shares of the financial services provider's stock worth $195,000 after acquiring an additional 513 shares during the last quarter. Finally, Semanteon Capital Management LP acquired a new position in shares of Northrim BanCorp during the fourth quarter valued at about $201,000. 65.99% of the stock is owned by hedge funds and other institutional investors.

Northrim BanCorp Price Performance

NASDAQ NRIM traded up $1.98 during trading hours on Monday, reaching $85.48. The company's stock had a trading volume of 28,230 shares, compared to its average volume of 30,249. The firm has a market capitalization of $471.94 million, a price-to-earnings ratio of 12.91 and a beta of 0.93. The company's 50-day moving average is $74.72 and its two-hundred day moving average is $78.44. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.81. Northrim BanCorp, Inc. has a 1-year low of $51.50 and a 1-year high of $91.72.

Northrim BanCorp (NASDAQ:NRIM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $2.38 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.82. The firm had revenue of $45.50 million for the quarter, compared to the consensus estimate of $44.10 million. Northrim BanCorp had a net margin of 18.87% and a return on equity of 14.86%. On average, equities analysts predict that Northrim BanCorp, Inc. will post 8.05 EPS for the current year.

Analyst Ratings Changes

Separately, Hovde Group upped their price target on shares of Northrim BanCorp from $99.00 to $104.00 and gave the company an "outperform" rating in a research note on Monday, April 28th.

Northrim BanCorp Company 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.