Insider Selling: Northrim BanCorp, Inc. (NASDAQ:NRIM) Director Sells 2,550 Shares of Stock

Northrim BanCorp, Inc. (NASDAQ:NRIM) Director Linda C. Thomas sold 2,550 shares of the stock in a transaction dated Wednesday, November 13th. The shares were 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. This represents a 68.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Northrim BanCorp Stock Performance

Shares of NRIM opened at $82.85 on Monday. The firm has a 50-day moving average price of $70.16 and a 200 day moving average price of $63.32. The firm has a market capitalization of $455.68 million, a PE ratio of 14.14 and a beta of 0.73. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.09. Northrim BanCorp, Inc. has a 52-week low of $43.92 and a 52-week high of $85.06.

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 given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Thursday, September 5th. This is a positive change from Northrim BanCorp’s previous quarterly dividend of $0.61. Northrim BanCorp’s dividend payout ratio is currently 42.32%.

Hedge Funds Weigh In On Northrim BanCorp

A number of institutional investors and hedge funds have recently bought and sold shares of NRIM. FMR LLC lifted its holdings in Northrim BanCorp by 13.1% in 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 during the last quarter. SG Americas Securities LLC acquired a new stake in Northrim BanCorp in the 3rd quarter valued at about $142,000. Fulton Bank N.A. acquired a new stake in Northrim BanCorp in the 3rd quarter valued at about $214,000. Ritholtz Wealth Management acquired a new stake in Northrim BanCorp in the 3rd quarter valued at about $226,000. Finally, Sei Investments Co. lifted its holdings in Northrim BanCorp by 15.0% in the 2nd quarter. Sei Investments Co. now owns 4,598 shares of the financial services provider’s stock valued at $265,000 after acquiring 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.