Dalton Greiner Hartman Maher & Co. lifted its holdings in Northrim BanCorp, Inc. (NASDAQ:NRIM) by 26.7% during the 4th quarter, Holdings Channel reports. The firm owned 66,703 shares of the financial services provider’s stock after acquiring an additional 14,048 shares during the quarter. Dalton Greiner Hartman Maher & Co.’s holdings in Northrim BanCorp were worth $2,258,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in NRIM. Russell Investments Group Ltd. grew its stake in shares of Northrim BanCorp by 2.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 25,466 shares of the financial services provider’s stock worth $774,000 after purchasing an additional 497 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Northrim BanCorp by 147.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 35,306 shares of the financial services provider’s stock worth $1,074,000 after purchasing an additional 21,025 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Northrim BanCorp in the 2nd quarter worth approximately $497,000. Rhumbline Advisers acquired a new position in shares of Northrim BanCorp in the 2nd quarter worth approximately $222,000. Finally, LSV Asset Management increased its position in shares of Northrim BanCorp by 7.8% in the second quarter. LSV Asset Management now owns 171,167 shares of the financial services provider’s stock worth $5,203,000 after acquiring an additional 12,322 shares in the last quarter. 72.13% of the stock is currently owned by institutional investors.
Several research analysts have recently weighed in on NRIM shares. ValuEngine raised shares of Northrim BanCorp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded shares of Northrim BanCorp from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, December 7th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Wednesday, December 6th. Northrim BanCorp’s dividend payout ratio (DPR) is currently 37.29%.
Northrim BanCorp Profile
Northrim BanCorp, Inc is a bank holding company. The Company operates in two segments: Community Banking and Home Mortgage Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. The Community Banking segment operates approximately 10 branches throughout Alaska.
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