XTX Topco Ltd purchased a new position in shares of Northrim BanCorp Inc (NASDAQ:NRIM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,074 shares of the financial services provider's stock, valued at approximately $225,000. XTX Topco Ltd owned about 0.06% of Northrim BanCorp at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. De Lisle Partners LLP boosted its holdings in shares of Northrim BanCorp by 23.2% during the 1st quarter. De Lisle Partners LLP now owns 94,983 shares of the financial services provider's stock worth $6,969,000 after purchasing an additional 17,888 shares during the last quarter. Federated Hermes Inc. boosted its stake in Northrim BanCorp by 388.6% during the first quarter. Federated Hermes Inc. now owns 342 shares of the financial services provider's stock worth $25,000 after buying an additional 272 shares during the last quarter. Noesis Capital Mangement Corp purchased a new stake in Northrim BanCorp in the 1st quarter valued at $278,000. Hohimer Wealth Management LLC grew its holdings in Northrim BanCorp by 4.6% in the 1st quarter. Hohimer Wealth Management LLC now owns 2,881 shares of the financial services provider's stock valued at $211,000 after buying an additional 127 shares in the last quarter. Finally, Alaska Wealth Advisors increased its stake in shares of Northrim BanCorp by 113.3% in the 1st quarter. Alaska Wealth Advisors now owns 27,429 shares of the financial services provider's stock worth $2,008,000 after acquiring an additional 14,569 shares during the last quarter. Hedge funds and other institutional investors own 65.99% of the company's stock.
Northrim BanCorp Trading Down 1.2%
NASDAQ:NRIM traded down $1.03 on Friday, reaching $86.31. The company's stock had a trading volume of 81,820 shares, compared to its average volume of 47,682. Northrim BanCorp Inc has a 12-month low of $63.63 and a 12-month high of $100.21. The stock has a 50 day moving average price of $90.27 and a 200 day moving average price of $83.78. The firm has a market cap of $476.43 million, a price-to-earnings ratio of 10.80 and a beta of 1.00. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.25.
Northrim BanCorp (NASDAQ:NRIM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.26 by ($0.17). The company had revenue of $50.23 million during the quarter, compared to analysts' expectations of $48.80 million. Northrim BanCorp had a net margin of 20.11% and a return on equity of 16.35%. On average, equities analysts anticipate that Northrim BanCorp Inc will post 8.05 EPS for the current fiscal year.
Northrim BanCorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, June 5th were given a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.0%. Northrim BanCorp's dividend payout ratio (DPR) is presently 32.04%.
Analyst Ratings Changes
NRIM has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Northrim BanCorp from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Hovde Group increased 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.
View Our Latest Report on Northrim BanCorp
About Northrim BanCorp
(
Free Report)
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.
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