Teton Advisors Inc. Buys New Position in Northrim BanCorp, Inc. (NASDAQ:NRIM)

Teton Advisors Inc. bought a new stake in shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,197 shares of the financial services provider’s stock, valued at approximately $240,000. Teton Advisors Inc. owned approximately 0.07% of Northrim BanCorp at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in Northrim BanCorp by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 468,780 shares of the financial services provider’s stock valued at $26,819,000 after purchasing an additional 3,053 shares during the last quarter. LSV Asset Management grew its stake in Northrim BanCorp by 0.9% during the 3rd quarter. LSV Asset Management now owns 162,678 shares of the financial services provider’s stock valued at $6,445,000 after purchasing an additional 1,500 shares during the last quarter. Kennedy Capital Management LLC grew its stake in Northrim BanCorp by 18.0% during the 3rd quarter. Kennedy Capital Management LLC now owns 65,876 shares of the financial services provider’s stock valued at $2,610,000 after purchasing an additional 10,030 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Northrim BanCorp by 6.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 58,948 shares of the financial services provider’s stock valued at $2,336,000 after purchasing an additional 3,544 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Northrim BanCorp by 17.2% during the 4th quarter. Russell Investments Group Ltd. now owns 38,568 shares of the financial services provider’s stock valued at $2,206,000 after purchasing an additional 5,650 shares during the last quarter. 65.99% of the stock is owned by institutional investors and hedge funds.

Northrim BanCorp Stock Performance

Northrim BanCorp stock traded up $0.56 during trading hours on Thursday, hitting $49.89. 13,982 shares of the stock traded hands, compared to its average volume of 11,556. Northrim BanCorp, Inc. has a 1 year low of $34.72 and a 1 year high of $59.90. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.79 and a quick ratio of 0.78. The stock has a market capitalization of $274.40 million, a price-to-earnings ratio of 9.62 and a beta of 0.71. The firm’s 50 day moving average price is $48.12 and its 200-day moving average price is $49.38.

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.