LSV Asset Management Sells 3,106 Shares of Northrim BanCorp, Inc. (NASDAQ:NRIM)

LSV Asset Management trimmed its stake in Northrim BanCorp, Inc. (NASDAQ:NRIM) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,572 shares of the financial services provider’s stock after selling 3,106 shares during the period. LSV Asset Management owned 2.82% of Northrim BanCorp worth $9,129,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Northrim BanCorp during the third quarter valued at about $53,000. SG Americas Securities LLC purchased a new stake in Northrim BanCorp during the fourth quarter valued at approximately $170,000. SeaCrest Wealth Management LLC acquired a new stake in Northrim BanCorp in the fourth quarter valued at approximately $247,000. Los Angeles Capital Management LLC purchased a new position in Northrim BanCorp in the third quarter worth $244,000. Finally, Trexquant Investment LP acquired a new position in shares of Northrim BanCorp during the third quarter worth $366,000. 65.99% of the stock is currently owned by hedge funds and other institutional investors.

Northrim BanCorp Stock Performance

Shares of NRIM opened at $50.38 on Wednesday. Northrim BanCorp, Inc. has a 12 month low of $34.72 and a 12 month high of $59.90. The stock has a fifty day moving average price of $48.15 and a 200-day moving average price of $49.71. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.10. The firm has a market cap of $277.09 million, a PE ratio of 9.82 and a beta of 0.71.

Northrim BanCorp 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.