Northrim BanCorp, Inc. (NASDAQ:NRIM) Director Sells $201,450.00 in Stock

Northrim BanCorp, Inc. (NASDAQ:NRIM) Director Linda C. Thomas sold 2,550 shares of Northrim BanCorp stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $79.00, for a total transaction 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. The trade was a 68.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Northrim BanCorp Stock Down 2.2 %

NRIM opened at $82.85 on Friday. Northrim BanCorp, Inc. has a 12 month low of $43.92 and a 12 month high of $85.06. The company has a market cap of $455.68 million, a PE ratio of 14.14 and a beta of 0.73. 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 company has a 50 day moving average of $70.16 and a 200 day moving average of $63.23.

Northrim BanCorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, September 5th were given a $0.62 dividend. The ex-dividend date was Thursday, September 5th. This is a boost from Northrim BanCorp’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 2.99%. Northrim BanCorp’s payout ratio is 42.32%.

Institutional Trading of Northrim BanCorp

A number of institutional investors have recently added to or reduced their stakes in NRIM. FMR LLC increased its position in shares of Northrim BanCorp by 13.1% during the third quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock valued at $123,000 after buying an additional 201 shares during the period. SG Americas Securities LLC purchased a new stake in Northrim BanCorp in the 3rd quarter worth approximately $142,000. Fulton Bank N.A. bought a new position in Northrim BanCorp in the 3rd quarter valued at $214,000. Ritholtz Wealth Management bought a new position in Northrim BanCorp in the 3rd quarter valued at $226,000. Finally, Sei Investments Co. grew its position in shares of Northrim BanCorp by 15.0% during the 2nd quarter. Sei Investments Co. now owns 4,598 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 65.99% of the company’s stock.

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.