Northrim BanCorp, Inc. (NASDAQ:NRIM) Shares Purchased by Dalton Greiner Hartman Maher & Co.

Dalton Greiner Hartman Maher & Co. increased its holdings in shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) by 9.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,895 shares of the financial services provider’s stock after acquiring an additional 7,975 shares during the quarter. Dalton Greiner Hartman Maher & Co. owned about 1.42% of Northrim BanCorp worth $3,764,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NRIM. AlphaOne Investment Services LLC boosted its position in Northrim BanCorp by 253.5% during the second quarter. AlphaOne Investment Services LLC now owns 3,807 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 2,730 shares during the last quarter. Brandes Investment Partners LP increased its stake in Northrim BanCorp by 23.6% during the 2nd quarter. Brandes Investment Partners LP now owns 8,932 shares of the financial services provider’s stock worth $319,000 after buying an additional 1,704 shares during the period. Parametric Portfolio Associates LLC increased its stake in Northrim BanCorp by 23.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,770 shares of the financial services provider’s stock worth $348,000 after buying an additional 1,873 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Northrim BanCorp by 12.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,800 shares of the financial services provider’s stock worth $456,000 after buying an additional 1,400 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Northrim BanCorp by 5.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,476 shares of the financial services provider’s stock worth $588,000 after buying an additional 825 shares during the period. Hedge funds and other institutional investors own 71.14% of the company’s stock.

Shares of NRIM opened at $37.08 on Friday. The company has a market capitalization of $249.31 million, a PE ratio of 12.97 and a beta of 0.82. Northrim BanCorp, Inc. has a 52-week low of $29.66 and a 52-week high of $42.72. The company has a 50-day simple moving average of $38.36 and a 200-day simple moving average of $35.98. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.16.

Northrim BanCorp (NASDAQ:NRIM) last announced its quarterly earnings results on Monday, July 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.08). Northrim BanCorp had a net margin of 18.42% and a return on equity of 9.07%. The firm had revenue of $25.53 million for the quarter, compared to analyst estimates of $24.50 million. On average, research analysts anticipate that Northrim BanCorp, Inc. will post 2.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.56%. The ex-dividend date was Wednesday, September 4th. This is an increase from Northrim BanCorp’s previous quarterly dividend of $0.30. Northrim BanCorp’s payout ratio is presently 46.15%.

Several equities research analysts recently weighed in on NRIM shares. ValuEngine downgraded shares of Northrim BanCorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of Northrim BanCorp from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Finally, BidaskClub cut shares of Northrim BanCorp from a “strong-buy” rating to a “buy” rating in a report on Tuesday.

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

Read More: Why does the United States have a lingering trade deficit?

Want to see what other hedge funds are holding NRIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrim BanCorp, Inc. (NASDAQ:NRIM).

Institutional Ownership by Quarter for Northrim BanCorp (NASDAQ:NRIM)

Receive News & Ratings for Northrim BanCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrim BanCorp and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit