Northrim BanCorp, Inc. (NRIM) EVP Michael A. Martin Sells 520 Shares

Northrim BanCorp, Inc. (NASDAQ:NRIM) EVP Michael A. Martin sold 520 shares of the business’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $38.60, for a total value of $20,072.00. Following the completion of the sale, the executive vice president now directly owns 4,432 shares of the company’s stock, valued at $171,075.20. The sale was disclosed in a legal filing with the SEC, which is available through this link.

NRIM remained flat at $$38.95 during midday trading on Thursday. The company’s stock had a trading volume of 10,161 shares, compared to its average volume of 15,090. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.82. The company has a market cap of $268.69 million, a price-to-earnings ratio of 19.09 and a beta of 0.73. Northrim BanCorp, Inc. has a 1 year low of $26.31 and a 1 year high of $40.90.

Northrim BanCorp (NASDAQ:NRIM) last issued its quarterly earnings data on Monday, April 30th. The financial services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.16. The firm had revenue of $21.73 million during the quarter, compared to analyst estimates of $21.50 million. Northrim BanCorp had a return on equity of 8.45% and a net margin of 13.47%. analysts expect that Northrim BanCorp, Inc. will post 2.47 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, June 7th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Wednesday, June 6th. Northrim BanCorp’s dividend payout ratio is currently 47.06%.

A number of analysts recently commented on NRIM shares. ValuEngine lowered Northrim BanCorp from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered Northrim BanCorp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Finally, BidaskClub raised Northrim BanCorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 11th.

Institutional investors and hedge funds have recently modified their holdings of the business. Martingale Asset Management L P increased its holdings in Northrim BanCorp by 39.3% during the 4th quarter. Martingale Asset Management L P now owns 47,519 shares of the financial services provider’s stock worth $1,609,000 after purchasing an additional 13,408 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in Northrim BanCorp by 3.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 75,778 shares of the financial services provider’s stock worth $2,565,000 after purchasing an additional 2,520 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Northrim BanCorp by 11.1% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 22,084 shares of the financial services provider’s stock worth $748,000 after purchasing an additional 2,200 shares in the last quarter. Bessemer Group Inc. increased its holdings in Northrim BanCorp by 27.6% during the 4th quarter. Bessemer Group Inc. now owns 12,475 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Northrim BanCorp by 19.1% during the 4th quarter. Two Sigma Advisers LP now owns 17,200 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 2,758 shares in the last quarter. 70.64% of the stock is owned by hedge funds and other institutional investors.

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 professionals in Alaska. The company operates in two segments, Community Banking and Home Mortgage Lending. It offers various deposit products, including noninterest-bearing checking accounts and interest-bearing time deposits, checking accounts, and savings accounts, as well as money market deposit accounts, certificates of deposit, and courier noncash deposits.

Insider Buying and Selling by Quarter for Northrim BanCorp (NASDAQ:NRIM)

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