1 week Ago By Defense World Staff
Invesco Ltd. reduced its stake in shares of Northrim BanCorp, Inc. (NASDAQ:NRIM – Free Report) by 7.
6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,249 shares of the financial services provider’s stock after selling 4,780 shares during the quarter. Invesco Ltd.
owned about 1.06% of Northrim BanCorp worth $4,540,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also modified their holdings of NRIM.
Segall Bryant & Hamill LLC acquired a new position in Northrim BanCorp during the 4th quarter worth $2,111,000. Raymond James Financial Inc. acquired a new position in shares of Northrim BanCorp during the fourth quarter valued at $1,794,000.
American Century Companies Inc. increased its position in Northrim BanCorp by 16.4% in the fourth quarter.
American Century Companies Inc. now owns 122,173 shares of the financial services provider’s stock worth $9,522,000 after purchasing an additional 17,240 shares during the period. JPMorgan Chase & Co.
raised its holdings in Northrim BanCorp by 202.7% during the 4th quarter. JPMorgan Chase & Co.
now owns 17,193 shares of the financial services provider’s stock worth $1,340,000 after purchasing an additional 11,514 shares during the last quarter. Finally, State Street Corp raised its holdings in Northrim BanCorp by 8.0% during the 3rd quarter.
State Street Corp now owns 107,568 shares of the financial services provider’s stock worth $7,661,000 after purchasing an additional 8,012 shares during the last quarter. Institutional investors and hedge funds own 65.99% of the company’s stock.
Northrim BanCorp Stock Up 2.3 %Shares of NASDAQ NRIM opened at $77.77 on Friday.
Northrim BanCorp, Inc. has a 1 year low of $46.60 and a 1 year high of $91.
72. The firm’s 50-day moving average is $74.61 and its 200-day moving average is $77.
53. The company has a current ratio of 0.85, a quick ratio of 0.
81 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $429.
37 million, a PE ratio of 11.75 and a beta of 0.73.
Northrim BanCorp (NASDAQ:NRIM – Get Free Report) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $1.
56 by $0.82. The firm had revenue of $45.
50 million during the quarter, compared to analyst estimates of $44.10 million. Northrim BanCorp had a net margin of 18.
87% and a return on equity of 14.86%. Equities analysts expect that Northrim BanCorp, Inc.
will post 8.05 EPS for the current year. Insider Buying and SellingIn related news, CEO Michael G.
Huston sold 453 shares of Northrim BanCorp stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $89.18, for a total transaction of $40,398.
54. Following the transaction, the chief executive officer now owns 23,759 shares of the company’s stock, valued at $2,118,827.62.
This trade represents a 1.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
3.90% of the stock is owned by insiders. Northrim BanCorp Profile (Free Report)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.Further ReadingFive stocks we like better than Northrim BanCorpWhy is the Ex-Dividend Date Significant to Investors?Markets Think Robinhood Earnings Could Send the Stock UpAre Penny Stocks a Good Fit for Your Portfolio?Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains?What is a Stock Market Index and How Do You Use Them?AT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround.
