Northrim BanCorp, Inc. (NASDAQ:NRIM) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in Northrim BanCorp, Inc. (NASDAQ:NRIM - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 450,347 shares of the financial services provider's stock after selling 7,734 shares during the quarter. Dimensional Fund Advisors LP owned 8.19% of Northrim BanCorp worth $35,100,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of NRIM. DecisionPoint Financial LLC purchased a new position in Northrim BanCorp in the fourth quarter valued at approximately $39,000. SG Americas Securities LLC increased its position in shares of Northrim BanCorp by 25.8% in 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 in the last quarter. Wells Fargo & Company MN raised its stake in shares of Northrim BanCorp by 25.4% in the 4th quarter. Wells Fargo & Company MN now owns 3,354 shares of the financial services provider's stock valued at $261,000 after acquiring an additional 679 shares during the period. Zacks Investment Management lifted its holdings in shares of Northrim BanCorp by 1.7% during the 4th quarter. Zacks Investment Management now owns 44,952 shares of the financial services provider's stock valued at $3,504,000 after acquiring an additional 744 shares in the last quarter. Finally, Barclays PLC boosted its position in Northrim BanCorp by 5.7% during the 4th quarter. Barclays PLC now owns 21,876 shares of the financial services provider's stock worth $1,705,000 after purchasing an additional 1,187 shares during the period. 65.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Hovde Group raised their price objective on Northrim BanCorp from $99.00 to $104.00 and gave the company an "outperform" rating in a research report on Monday, April 28th.

Northrim BanCorp Stock Down 0.6 %

NASDAQ:NRIM traded down $0.47 during trading hours on Friday, hitting $83.50. The stock had a trading volume of 43,810 shares, compared to its average volume of 30,257. The company has a market cap of $461.00 million, a PE ratio of 12.61 and a beta of 0.93. The business has a 50 day simple moving average of $74.72 and a two-hundred day simple moving average of $78.36. Northrim BanCorp, Inc. has a 1-year low of $51.50 and a 1-year high of $91.72. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.09.

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

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.