BNP Paribas Financial Markets Lowers Stock Position in Northrim BanCorp, Inc. (NASDAQ:NRIM)

BNP Paribas Financial Markets decreased its holdings in shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) by 37.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,922 shares of the financial services provider’s stock after selling 2,991 shares during the quarter. BNP Paribas Financial Markets’ holdings in Northrim BanCorp were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elizabeth Park Capital Advisors Ltd. lifted its holdings in shares of Northrim BanCorp by 27.3% during the 2nd quarter. Elizabeth Park Capital Advisors Ltd. now owns 46,316 shares of the financial services provider’s stock valued at $2,670,000 after acquiring an additional 9,919 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Northrim BanCorp by 27.2% during the 2nd quarter. Renaissance Technologies LLC now owns 27,100 shares of the financial services provider’s stock valued at $1,562,000 after acquiring an additional 5,800 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Northrim BanCorp by 19.1% during the 2nd quarter. Los Angeles Capital Management LLC now owns 9,741 shares of the financial services provider’s stock valued at $561,000 after acquiring an additional 1,561 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Northrim BanCorp during the 3rd quarter valued at $824,000. Finally, SG Americas Securities LLC acquired a new position in shares of Northrim BanCorp during the 3rd quarter valued at $142,000. Institutional investors and hedge funds own 65.99% of the company’s stock.

Insiders Place Their Bets

In other Northrim BanCorp news, Director Linda C. Thomas sold 2,550 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $79.00, for a total value of $201,450.00. Following the transaction, the director now owns 1,172 shares in the company, valued at $92,588. The trade was a 68.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.10% of the stock is currently owned by company insiders.

Northrim BanCorp Stock Performance

NASDAQ:NRIM opened at $85.50 on Friday. 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 $470.42 million, a price-to-earnings ratio of 14.59 and a beta of 0.81. The firm’s fifty day simple moving average is $76.78 and its 200 day simple moving average is $67.79. Northrim BanCorp, Inc. has a twelve month low of $43.92 and a twelve month high of $91.72.

Northrim BanCorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 19th will be issued a $0.62 dividend. The ex-dividend date is Thursday, December 19th. This represents a $2.48 dividend on an annualized basis and a yield of 2.90%. Northrim BanCorp’s dividend payout ratio is currently 42.32%.

Northrim BanCorp Profile

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.