Martingale Asset Management L P Acquires 846 Shares of Northrim BanCorp, Inc. (NASDAQ:NRIM)

Martingale Asset Management L P boosted its holdings in Northrim BanCorp, Inc. (NASDAQ:NRIM) by 13.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 6,967 shares of the financial services provider’s stock after purchasing an additional 846 shares during the quarter. Martingale Asset Management L P’s holdings in Northrim BanCorp were worth $496,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ClariVest Asset Management LLC bought a new position in shares of Northrim BanCorp during the second quarter worth $1,141,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Northrim BanCorp during the 3rd quarter valued at about $824,000. Elizabeth Park Capital Advisors Ltd. grew its position in shares of Northrim BanCorp by 27.3% during the second quarter. Elizabeth Park Capital Advisors Ltd. now owns 46,316 shares of the financial services provider’s stock valued at $2,670,000 after purchasing an additional 9,919 shares in the last quarter. De Lisle Partners LLP increased its holdings in shares of Northrim BanCorp by 11.6% in the third quarter. De Lisle Partners LLP now owns 77,095 shares of the financial services provider’s stock worth $5,476,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Northrim BanCorp by 27.2% in the second quarter. Renaissance Technologies LLC now owns 27,100 shares of the financial services provider’s stock worth $1,562,000 after buying an additional 5,800 shares in the last quarter. 65.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Northrim BanCorp news, Director Linda C. Thomas sold 2,550 shares of Northrim BanCorp stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $79.00, for a total value of $201,450.00. Following the completion of the transaction, the director now directly owns 1,172 shares of the company’s stock, valued at $92,588. This trade represents a 68.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 4.10% of the company’s stock.

Northrim BanCorp Stock Performance

NASDAQ NRIM opened at $85.29 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.81. Northrim BanCorp, Inc. has a 1-year low of $43.92 and a 1-year high of $91.72. The business has a 50 day simple moving average of $74.05 and a two-hundred day simple moving average of $66.08. The stock has a market capitalization of $469.10 million, a PE ratio of 14.55 and a beta of 0.81.

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.