Jacobs Levy Equity Management Inc. Cuts Position in Northrim BanCorp, Inc. (NASDAQ:NRIM)

Jacobs Levy Equity Management Inc. reduced its holdings in shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 22,300 shares of the financial services provider’s stock after selling 223 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Northrim BanCorp were worth $1,588,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Northrim BanCorp by 13.1% during the 3rd quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 201 shares in the last quarter. SG Americas Securities LLC purchased a new position in Northrim BanCorp in the third quarter valued at about $142,000. Fulton Bank N.A. acquired a new position in shares of Northrim BanCorp during the third quarter worth about $214,000. Ritholtz Wealth Management purchased a new stake in shares of Northrim BanCorp in the third quarter worth about $226,000. Finally, Sei Investments Co. grew its stake in shares of Northrim BanCorp by 15.0% in the second quarter. Sei Investments Co. now owns 4,598 shares of the financial services provider’s stock valued at $265,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 65.99% of the company’s stock.

Northrim BanCorp Stock Performance

Northrim BanCorp stock opened at $86.51 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.81 and a current ratio of 0.85. Northrim BanCorp, Inc. has a one year low of $43.92 and a one year high of $91.72. The stock’s 50 day moving average price is $75.03 and its 200 day moving average price is $66.75. The firm has a market capitalization of $475.81 million, a PE ratio of 14.76 and a beta of 0.81.

Northrim BanCorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 19th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.87%. Northrim BanCorp’s dividend payout ratio (DPR) is presently 42.32%.

Insider Activity at Northrim BanCorp

In other Northrim BanCorp news, Director Linda C. Thomas sold 2,550 shares of the company’s stock in a transaction dated 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 represents a 68.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.10% 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.