Northrim BanCorp Inc (NASDAQ:NRIM) Shares Purchased by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC boosted its position in Northrim BanCorp Inc (NASDAQ:NRIM) by 4.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,881 shares of the financial services provider’s stock after buying an additional 127 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Northrim BanCorp were worth $211,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of Northrim BanCorp by 57.1% in the 4th 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. Olde Wealth Management LLC bought a new stake in shares of Northrim BanCorp in the 1st quarter worth about $55,000. Quantbot Technologies LP bought a new stake in shares of Northrim BanCorp in the 4th quarter worth about $112,000. Semanteon Capital Management LP bought a new stake in shares of Northrim BanCorp in the 4th quarter worth about $201,000. Finally, Man Group plc bought a new stake in shares of Northrim BanCorp in the 4th quarter worth about $217,000. Institutional investors and hedge funds own 65.99% of the company’s stock.

Northrim BanCorp Price Performance

Shares of NASDAQ:NRIM opened at $96.78 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.88 and a debt-to-equity ratio of 0.08. Northrim BanCorp Inc has a fifty-two week low of $58.49 and a fifty-two week high of $100.21. The firm has a 50-day simple moving average of $90.12 and a 200 day simple moving average of $81.96. The company has a market cap of $534.32 million, a PE ratio of 12.87 and a beta of 0.96.

Northrim BanCorp (NASDAQ:NRIM) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.82. Northrim BanCorp had a net margin of 20.23% and a return on equity of 15.97%. The business had revenue of $45.50 million during the quarter, compared to the consensus estimate of $44.10 million. On average, sell-side analysts anticipate that Northrim BanCorp Inc will post 8.05 EPS for the current year.

Northrim BanCorp Announces Dividend

The firm 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. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Thursday, June 5th. Northrim BanCorp’s dividend payout ratio is presently 34.04%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Northrim BanCorp from a “buy” rating to a “hold” rating in a research report on Monday, July 7th. Hovde Group boosted their target price on shares of Northrim BanCorp from $99.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th.

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.