Northrim BanCorp Inc (NASDAQ:NRIM) Director Karl L. Hanneman bought 700 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average cost of $27.81 per share, for a total transaction of $19,467.00. Following the completion of the acquisition, the director now directly owns 4,200 shares in the company, valued at approximately $116,802. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Northrim BanCorp Inc (NRIM) traded down 0.54% on Friday, hitting $27.45. The company had a trading volume of 25,054 shares. The stock has a market capitalization of $189.68 million, a PE ratio of 13.66 and a beta of 0.59. The stock has a 50 day moving average of $29.18 and a 200-day moving average of $29.82. Northrim BanCorp Inc has a one year low of $24.35 and a one year high of $33.00.

Northrim BanCorp (NASDAQ:NRIM) last issued its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.04. The business had revenue of $23.96 million for the quarter, compared to analyst estimates of $24.70 million. Northrim BanCorp had a return on equity of 8.33% and a net margin of 14.15%. Equities analysts anticipate that Northrim BanCorp Inc will post $2.51 EPS for the current year.

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A number of hedge funds have recently added to or reduced their stakes in NRIM. Menta Capital LLC purchased a new stake in Northrim BanCorp during the first quarter worth about $354,000. California Public Employees Retirement System increased its stake in Northrim BanCorp by 4.0% in the first quarter. California Public Employees Retirement System now owns 57,668 shares of the financial services provider’s stock worth $1,733,000 after buying an additional 2,200 shares in the last quarter. FMR LLC increased its stake in Northrim BanCorp by 467.6% in the first quarter. FMR LLC now owns 156,669 shares of the financial services provider’s stock worth $4,708,000 after buying an additional 129,069 shares in the last quarter. AXA increased its stake in Northrim BanCorp by 5.9% in the first quarter. AXA now owns 17,900 shares of the financial services provider’s stock worth $538,000 after buying an additional 1,000 shares in the last quarter. Finally, American International Group Inc. increased its stake in Northrim BanCorp by 6.9% in the first quarter. American International Group Inc. now owns 4,137 shares of the financial services provider’s stock worth $124,000 after buying an additional 267 shares in the last quarter. 71.65% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine raised Northrim BanCorp from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th.

Northrim BanCorp Company Profile

Northrim BanCorp, Inc is a bank holding company. The Company operates in two segments: Community Banking and Home Mortgage Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. The Community Banking segment operates approximately 10 branches throughout Alaska.

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