Bank of New York Mellon Corp lifted its stake in shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,803 shares of the financial services provider’s stock after buying an additional 1,702 shares during the period. Bank of New York Mellon Corp’s holdings in Northrim BanCorp were worth $1,381,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its position in shares of Northrim BanCorp by 20.2% during the fourth quarter. Wells Fargo & Company MN now owns 12,563 shares of the financial services provider’s stock valued at $425,000 after buying an additional 2,113 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Northrim BanCorp by 27.6% during the fourth quarter. Bessemer Group Inc. now owns 12,475 shares of the financial services provider’s stock valued at $423,000 after buying an additional 2,700 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Northrim BanCorp during the fourth quarter valued at approximately $114,000. Dalton Greiner Hartman Maher & Co. boosted its position in shares of Northrim BanCorp by 26.7% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 66,703 shares of the financial services provider’s stock valued at $2,258,000 after buying an additional 14,048 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Northrim BanCorp by 6.9% during the third quarter. Dimensional Fund Advisors LP now owns 558,458 shares of the financial services provider’s stock valued at $19,518,000 after buying an additional 35,888 shares during the last quarter. 70.54% of the stock is currently owned by institutional investors.
NRIM stock opened at $35.65 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 0.84. Northrim BanCorp, Inc. has a 1-year low of $26.31 and a 1-year high of $38.15. The firm has a market capitalization of $244.99, a price-to-earnings ratio of 17.48 and a beta of 0.69.
Northrim BanCorp (NASDAQ:NRIM) last posted its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.05). Northrim BanCorp had a return on equity of 8.39% and a net margin of 13.09%. The business had revenue of $22.64 million during the quarter, compared to analysts’ expectations of $22.30 million. research analysts predict that Northrim BanCorp, Inc. will post 2.18 earnings per share for the current year.
Several research analysts recently issued reports on NRIM shares. ValuEngine raised Northrim BanCorp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research cut Northrim BanCorp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th.
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Northrim BanCorp 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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