Jane Street Group LLC Has $329,000 Stake in Northrim BanCorp, Inc. (NASDAQ:NRIM)

Jane Street Group LLC lessened its position in Northrim BanCorp, Inc. (NASDAQ:NRIM) by 18.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,624 shares of the financial services provider’s stock after selling 1,063 shares during the period. Jane Street Group LLC’s holdings in Northrim BanCorp were worth $329,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Northrim BanCorp by 8.0% in the third quarter. State Street Corp now owns 107,568 shares of the financial services provider’s stock valued at $7,661,000 after buying an additional 8,012 shares during the period. Elizabeth Park Capital Advisors Ltd. raised its stake in shares of Northrim BanCorp by 27.3% during the second 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 during the last quarter. FMR LLC raised its stake in shares of Northrim BanCorp by 13.1% during the third quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 201 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Northrim BanCorp by 27.2% in the second quarter. Renaissance Technologies LLC now owns 27,100 shares of the financial services provider’s stock worth $1,562,000 after purchasing an additional 5,800 shares during the last quarter. Finally, De Lisle Partners LLP increased its holdings in Northrim BanCorp by 11.6% in the third quarter. De Lisle Partners LLP now owns 77,095 shares of the financial services provider’s stock valued at $5,476,000 after purchasing an additional 8,000 shares during the period. 65.99% of the stock is currently owned by institutional investors.

Insider Activity at Northrim BanCorp

In other news, Director Linda C. Thomas sold 2,550 shares of Northrim BanCorp stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $79.00, for a total value of $201,450.00. Following the completion of the transaction, the director now directly owns 1,172 shares of the company’s stock, valued at approximately $92,588. This trade represents a 68.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.10% of the stock is owned by company insiders.

Northrim BanCorp Stock Performance

NASDAQ:NRIM opened at $73.73 on Friday. 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, Inc. has a fifty-two week low of $43.92 and a fifty-two week high of $91.72. The company has a 50 day simple moving average of $80.24 and a two-hundred day simple moving average of $70.75. The company has a market capitalization of $405.66 million, a PE ratio of 12.58 and a beta of 0.82.

Northrim BanCorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 19th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Thursday, December 19th. Northrim BanCorp’s dividend payout ratio is presently 42.32%.

Analyst Ratings Changes

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

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.