Northrim BanCorp, Inc. (NASDAQ:NRIM) Director Linda C. Thomas Sells 2,550 Shares of Stock

Northrim BanCorp, Inc. (NASDAQ:NRIM) Director Linda C. Thomas sold 2,550 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was 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 in the company, valued at approximately $92,588. This represents a 68.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 $63.12.

Northrim BanCorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, September 5th were paid a $0.62 dividend. This is an increase from Northrim BanCorp’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Thursday, September 5th. Northrim BanCorp’s dividend payout ratio (DPR) is currently 42.32%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in shares of Northrim BanCorp by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 6,703 shares of the financial services provider’s stock worth $386,000 after acquiring an additional 169 shares during the last quarter. Huber Capital Management LLC raised its position in Northrim BanCorp by 0.4% in the 1st quarter. Huber Capital Management LLC now owns 56,079 shares of the financial services provider’s stock worth $2,833,000 after purchasing an additional 200 shares during the period. FMR LLC lifted its stake in Northrim BanCorp by 13.1% in the third quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 201 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Northrim BanCorp by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 15,677 shares of the financial services provider’s stock valued at $1,117,000 after buying an additional 457 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Northrim BanCorp by 15.0% during 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 during the last quarter. 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.