Northrim BanCorp, Inc. (NASDAQ:NRIM) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) by 32.5% in the 3rd quarter, Holdings Channel reports. The firm owned 20,689 shares of the financial services provider’s stock after purchasing an additional 5,079 shares during the period. Barclays PLC’s holdings in Northrim BanCorp were worth $1,474,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NRIM. ClariVest Asset Management LLC purchased a new stake in Northrim BanCorp during the 2nd quarter worth approximately $1,141,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Northrim BanCorp in the third quarter worth approximately $824,000. Elizabeth Park Capital Advisors Ltd. boosted its stake in shares of Northrim BanCorp by 27.3% in the second quarter. Elizabeth Park Capital Advisors Ltd. now owns 46,316 shares of the financial services provider’s stock worth $2,670,000 after acquiring an additional 9,919 shares during the last quarter. State Street Corp increased its position in shares of Northrim BanCorp by 8.0% during the third quarter. State Street Corp now owns 107,568 shares of the financial services provider’s stock worth $7,661,000 after purchasing an additional 8,012 shares in the last quarter. Finally, De Lisle Partners LLP raised its stake in Northrim BanCorp by 11.6% in the 3rd quarter. De Lisle Partners LLP now owns 77,095 shares of the financial services provider’s stock valued at $5,476,000 after purchasing an additional 8,000 shares during the last quarter. 65.99% of the stock is owned by hedge funds and other institutional investors.

Northrim BanCorp Stock Down 3.4 %

NRIM stock opened at $77.06 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. The firm has a 50-day moving average of $78.72 and a two-hundred day moving average of $69.40. Northrim BanCorp, Inc. has a 12 month low of $43.92 and a 12 month high of $91.72. The company has a market cap of $423.98 million, a price-to-earnings ratio of 13.15 and a beta of 0.81.

Northrim BanCorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 19th were issued a $0.62 dividend. The ex-dividend date was Thursday, December 19th. This represents a $2.48 annualized dividend and a dividend yield of 3.22%. Northrim BanCorp’s dividend payout ratio is presently 42.32%.

Insider Buying and Selling

In other news, Director Linda C. Thomas sold 2,550 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $79.00, for a total transaction of $201,450.00. Following the transaction, the director now owns 1,172 shares of the company’s stock, valued at approximately $92,588. The trade was a 68.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Hovde Group started coverage on shares of Northrim BanCorp in a research note on Friday, December 20th. They set an “outperform” rating and a $96.50 target price on the stock.

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 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.