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

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 Performance

NRIM stock traded down $1.85 during midday trading on Friday, hitting $82.85. The company’s stock had a trading volume of 18,747 shares, compared to its average volume of 17,606. The stock’s 50-day moving average price is $70.16 and its 200 day moving average price is $63.12. 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 1 year low of $43.92 and a 1 year high of $85.06. The stock has a market cap of $455.68 million, a price-to-earnings ratio of 14.14 and a beta of 0.73.

Northrim BanCorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, September 5th were paid a $0.62 dividend. The ex-dividend date was Thursday, September 5th. This is a positive change from Northrim BanCorp’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 2.99%. Northrim BanCorp’s payout ratio is presently 42.32%.

Institutional Trading of Northrim BanCorp

Several hedge funds have recently made changes to their positions in the company. Barclays PLC raised its stake in shares of Northrim BanCorp by 32.5% in the third quarter. Barclays PLC now owns 20,689 shares of the financial services provider’s stock valued at $1,474,000 after buying an additional 5,079 shares during the period. Zacks Investment Management raised its stake in shares of Northrim BanCorp by 8.7% in the third quarter. Zacks Investment Management now owns 44,208 shares of the financial services provider’s stock valued at $3,148,000 after buying an additional 3,550 shares during the period. State Street Corp raised its stake in shares of Northrim BanCorp by 8.0% in the third quarter. State Street Corp now owns 107,568 shares of the financial services provider’s stock valued at $7,661,000 after buying an additional 8,012 shares during the period. Martingale Asset Management L P raised its stake in shares of Northrim BanCorp by 13.8% in the third quarter. Martingale Asset Management L P now owns 6,967 shares of the financial services provider’s stock valued at $496,000 after buying an additional 846 shares during the period. Finally, De Lisle Partners LLP raised its stake in shares of Northrim BanCorp by 11.6% in the third quarter. De Lisle Partners LLP now owns 77,095 shares of the financial services provider’s stock valued at $5,476,000 after buying an additional 8,000 shares during the period. 65.99% of the stock is currently owned by institutional investors.

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.