Northrim BanCorp, Inc. (NRIM) EVP Michael A. Martin Sells 520 Shares

Northrim BanCorp, Inc. (NASDAQ:NRIM) EVP Michael A. Martin sold 520 shares of the business’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $38.60, for a total value of $20,072.00. Following the sale, the executive vice president now directly owns 4,432 shares of the company’s stock, valued at $171,075.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of NASDAQ NRIM remained flat at $$38.95 during midday trading on Thursday. The stock had a trading volume of 10,161 shares, compared to its average volume of 15,090. Northrim BanCorp, Inc. has a 12-month low of $26.31 and a 12-month high of $40.90. The stock has a market cap of $268.69 million, a P/E ratio of 19.09 and a beta of 0.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.82.

Northrim BanCorp (NASDAQ:NRIM) last announced its earnings results on Monday, April 30th. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.16. Northrim BanCorp had a return on equity of 8.45% and a net margin of 13.47%. The firm had revenue of $21.73 million for the quarter, compared to the consensus estimate of $21.50 million. research analysts expect that Northrim BanCorp, Inc. will post 2.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, June 7th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, June 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.46%. Northrim BanCorp’s payout ratio is presently 47.06%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Martingale Asset Management L P boosted its stake in shares of Northrim BanCorp by 39.3% in the 4th quarter. Martingale Asset Management L P now owns 47,519 shares of the financial services provider’s stock worth $1,609,000 after buying an additional 13,408 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of Northrim BanCorp by 3.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 75,778 shares of the financial services provider’s stock worth $2,565,000 after buying an additional 2,520 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Northrim BanCorp by 11.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 22,084 shares of the financial services provider’s stock worth $748,000 after buying an additional 2,200 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Northrim BanCorp by 27.6% in the 4th quarter. Bessemer Group Inc. now owns 12,475 shares of the financial services provider’s stock worth $423,000 after buying an additional 2,700 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of Northrim BanCorp by 19.1% in the 4th quarter. Two Sigma Advisers LP now owns 17,200 shares of the financial services provider’s stock worth $582,000 after buying an additional 2,758 shares during the last quarter. Hedge funds and other institutional investors own 70.64% of the company’s stock.

NRIM has been the topic of a number of research analyst reports. BidaskClub downgraded Northrim BanCorp from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine downgraded Northrim BanCorp from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research downgraded Northrim BanCorp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th.

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 professionals in Alaska. The company operates in two segments, Community Banking and Home Mortgage Lending. It offers various deposit products, including noninterest-bearing checking accounts and interest-bearing time deposits, checking accounts, and savings accounts, as well as money market deposit accounts, certificates of deposit, and courier noncash deposits.

Insider Buying and Selling by Quarter for Northrim BanCorp (NASDAQ:NRIM)

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