Marilyn Romano Purchases 200 Shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) Stock

Northrim BanCorp, Inc. (NASDAQ:NRIM) Director Marilyn Romano purchased 200 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average cost of $75.63 per share, for a total transaction of $15,126.00. Following the completion of the transaction, the director now directly owns 1,207 shares of the company’s stock, valued at $91,285.41. This trade represents a 19.86 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Northrim BanCorp Stock Up 1.1 %

Northrim BanCorp stock opened at $75.43 on Thursday. The firm’s 50 day moving average price is $80.37 and its two-hundred day moving average price is $77.05. The firm has a market cap of $416.45 million, a PE ratio of 11.39 and a beta of 0.82. Northrim BanCorp, Inc. has a twelve month low of $43.92 and a twelve month high of $91.72. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.81 and a current ratio of 0.85.

Northrim BanCorp (NASDAQ:NRIM) last posted its quarterly earnings results on Friday, January 24th. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.72. Northrim BanCorp had a net margin of 18.87% and a return on equity of 14.86%. On average, research analysts predict that Northrim BanCorp, Inc. will post 8.05 EPS for the current fiscal year.

Northrim BanCorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 3.39%. This is a positive change from Northrim BanCorp’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Thursday, March 6th. Northrim BanCorp’s payout ratio is currently 38.67%.

Analyst Ratings Changes

Separately, Hovde Group assumed coverage on Northrim BanCorp in a report on Friday, December 20th. They issued an “outperform” rating and a $96.50 target price on the stock.

Institutional Investors Weigh In On Northrim BanCorp

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its stake in Northrim BanCorp by 57.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 366 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 133 shares during the last quarter. DecisionPoint Financial LLC acquired a new position in shares of Northrim BanCorp during the 4th quarter worth $39,000. Quantbot Technologies LP bought a new position in shares of Northrim BanCorp during the 4th quarter valued at $112,000. FMR LLC lifted its stake in shares of 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 purchasing an additional 201 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Northrim BanCorp by 25.8% in the fourth quarter. SG Americas Securities LLC now owns 2,501 shares of the financial services provider’s stock worth $195,000 after buying an additional 513 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.