Northrim BanCorp, Inc. (NASDAQ:NRIM) Holdings Boosted by Empowered Funds LLC

Empowered Funds LLC lifted its position in shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) by 4.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,697 shares of the financial services provider’s stock after acquiring an additional 938 shares during the period. Empowered Funds LLC owned 0.38% of Northrim BanCorp worth $1,474,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Northrim BanCorp by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 292,798 shares of the financial services provider’s stock valued at $14,789,000 after purchasing an additional 1,795 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Northrim BanCorp by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 47,275 shares of the financial services provider’s stock valued at $2,725,000 after purchasing an additional 1,149 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Northrim BanCorp by 2.6% during the 2nd quarter. Rhumbline Advisers now owns 6,703 shares of the financial services provider’s stock valued at $386,000 after acquiring an additional 169 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Northrim BanCorp by 19.1% in the 2nd quarter. Los Angeles Capital Management LLC now owns 9,741 shares of the financial services provider’s stock worth $561,000 after acquiring an additional 1,561 shares during the period. Finally, ClariVest Asset Management LLC acquired a new position in shares of Northrim BanCorp during the 2nd quarter worth about $1,141,000. Institutional investors and hedge funds own 65.99% of the company’s stock.

Northrim BanCorp Stock Up 4.0 %

NRIM opened at $85.08 on Friday. 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, Inc. has a 1-year low of $43.92 and a 1-year high of $85.68. The business has a 50 day moving average of $71.06 and a 200-day moving average of $63.90. The stock has a market capitalization of $467.94 million, a price-to-earnings ratio of 14.54 and a beta of 0.73.

Insider Activity

In related news, Director Linda C. Thomas sold 2,550 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $79.00, for a total value of $201,450.00. Following the completion of the transaction, the director now owns 1,172 shares of the company’s stock, valued at $92,588. This represents a 68.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.10% of the stock is owned by company insiders.

About Northrim BanCorp

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.