SG Americas Securities LLC Acquires Shares of 1,988 Northrim BanCorp, Inc. (NASDAQ:NRIM)

SG Americas Securities LLC acquired a new position in Northrim BanCorp, Inc. (NASDAQ:NRIM) during the third quarter, Holdings Channel.com reports. The firm acquired 1,988 shares of the financial services provider’s stock, valued at approximately $142,000.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in Northrim BanCorp by 48.6% in the first quarter. BNP Paribas Financial Markets now owns 9,129 shares of the financial services provider’s stock valued at $461,000 after purchasing an additional 2,986 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Northrim BanCorp by 8.1% in the first quarter. Empowered Funds LLC now owns 18,499 shares of the financial services provider’s stock worth $934,000 after buying an additional 1,390 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Northrim BanCorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 292,798 shares of the financial services provider’s stock worth $14,789,000 after buying an additional 1,795 shares during the last quarter. Huber Capital Management LLC grew its holdings in Northrim BanCorp by 0.4% during the first quarter. Huber Capital Management LLC now owns 56,079 shares of the financial services provider’s stock worth $2,833,000 after acquiring an additional 200 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Northrim BanCorp by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 47,275 shares of the financial services provider’s stock valued at $2,725,000 after acquiring an additional 1,149 shares during the period. Hedge funds and other institutional investors own 65.99% of the company’s stock.

Insider Activity

In other Northrim BanCorp news, Director Joseph Marushack acquired 493 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of $60.22 per share, with a total value of $29,688.46. Following the completion of the acquisition, the director now owns 2,768 shares in the company, valued at approximately $166,688.96. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.10% of the company’s stock.

Northrim BanCorp Trading Down 3.0 %

Northrim BanCorp stock opened at $64.56 on Friday. The firm has a market cap of $355.08 million, a PE ratio of 11.19 and a beta of 0.71. Northrim BanCorp, Inc. has a 12 month low of $39.34 and a 12 month high of $74.34. The stock’s 50 day simple moving average is $68.32 and its two-hundred day simple moving average is $60.36. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 0.22.

Northrim BanCorp (NASDAQ:NRIM) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.31 by $0.31. Northrim BanCorp had a net margin of 18.41% and a return on equity of 13.61%. The company had revenue of $46.49 million for the quarter, compared to analyst estimates of $35.00 million. Analysts anticipate that Northrim BanCorp, Inc. will post 5.83 earnings per share for the current year.

Northrim BanCorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.62 per share. 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 3.84%. The ex-dividend date of this dividend was Thursday, September 5th. Northrim BanCorp’s dividend payout ratio is presently 42.98%.

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.