XTX Topco Ltd Takes Position in Northrim BanCorp Inc (NASDAQ:NRIM)

XTX Topco Ltd acquired a new stake in Northrim BanCorp Inc (NASDAQ:NRIM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,074 shares of the financial services provider's stock, valued at approximately $225,000. XTX Topco Ltd owned approximately 0.06% of Northrim BanCorp as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in NRIM. Federated Hermes Inc. boosted its stake in Northrim BanCorp by 388.6% during the 1st quarter. Federated Hermes Inc. now owns 342 shares of the financial services provider's stock worth $25,000 after acquiring an additional 272 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Northrim BanCorp by 57.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 366 shares of the financial services provider's stock worth $29,000 after buying an additional 133 shares in the last quarter. Olde Wealth Management LLC acquired a new position in Northrim BanCorp during the 1st quarter worth approximately $55,000. Hohimer Wealth Management LLC lifted its stake in shares of 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 acquiring an additional 127 shares during the last quarter. Finally, Man Group plc acquired a new stake in shares of Northrim BanCorp during the fourth quarter valued at about $217,000. Institutional investors and hedge funds own 65.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NRIM shares. 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 lifted their price target on shares of 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 Trading Down 0.5%

NRIM stock traded down $0.41 during midday trading on Thursday, hitting $87.34. The company had a trading volume of 30,999 shares, compared to its average volume of 49,188. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25. The stock has a market cap of $482.12 million, a price-to-earnings ratio of 10.93 and a beta of 1.00. The stock's 50 day moving average price is $90.31 and its 200 day moving average price is $83.74. Northrim BanCorp Inc has a 52 week low of $63.63 and a 52 week high of $100.21.

Northrim BanCorp (NASDAQ:NRIM - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The financial services provider reported $2.09 earnings per share for the quarter, missing analysts' consensus estimates of $2.26 by ($0.17). The firm had revenue of $50.23 million during the quarter, compared to the consensus estimate of $48.80 million. Northrim BanCorp had a net margin of 20.11% and a return on equity of 16.35%. As a group, equities research analysts expect that Northrim BanCorp Inc will post 8.05 earnings per share for the current fiscal year.

Northrim BanCorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, June 5th were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, June 5th. Northrim BanCorp's dividend payout ratio is currently 32.04%.

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.