Northrim BanCorp Inc. Plans Quarterly Dividend of $0.20 (nrim)
Northrim BanCorp Inc. (NASDAQ:nrim) declared a quarterly dividend on Friday, November 18th. Shareholders of record on Thursday, December 8th will be paid a dividend of 0.20 per share by the financial services provider on Friday, December 16th. This represents a $0.80 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Tuesday, December 6th.
Northrim BanCorp (NASDAQ:NRIM) opened at 28.35 on Monday. The firm has a 50-day moving average price of $25.69 and a 200-day moving average price of $26.31. Northrim BanCorp has a 52 week low of $21.60 and a 52 week high of $29.75. The stock has a market capitalization of $195.53 million, a PE ratio of 13.25 and a beta of 0.58.
Several hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. acquired a new stake in Northrim BanCorp during the second quarter valued at about $102,000. BlackRock Advisors LLC raised its position in shares of Northrim BanCorp by 10.8% in the third quarter. BlackRock Advisors LLC now owns 4,005 shares of the financial services provider’s stock worth $103,000 after buying an additional 390 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Northrim BanCorp by 930.0% in the second quarter. Nationwide Fund Advisors now owns 4,573 shares of the financial services provider’s stock worth $120,000 after buying an additional 4,129 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Northrim BanCorp by 687.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 6,981 shares of the financial services provider’s stock worth $184,000 after buying an additional 6,094 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of Northrim BanCorp during the third quarter worth approximately $205,000. Hedge funds and other institutional investors own 66.99% of the company’s stock.
Separately, Zacks Investment Research upgraded Northrim BanCorp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 11th.
About Northrim BanCorp
Northrim BanCorp, Inc is a bank holding company. The Company operates in two segments: Community Banking and Home Mortgage Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. The Community Banking segment operates approximately 10 branches throughout Alaska.
Receive News & Stock Ratings for Northrim BanCorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrim BanCorp Inc. and related stocks with our FREE daily email newsletter.