Northrim BanCorp Inc (NASDAQ:NRIM) Director John C. Swalling purchased 432 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $28.00 per share, for a total transaction of $12,096.00. Following the completion of the transaction, the director now directly owns 3,983 shares of the company’s stock, valued at approximately $111,524. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Northrim BanCorp Inc (NASDAQ:NRIM) traded down 0.54% during mid-day trading on Friday, hitting $27.45. 25,054 shares of the stock traded hands. Northrim BanCorp Inc has a 12 month low of $24.35 and a 12 month high of $33.00. The stock has a market cap of $189.68 million, a price-to-earnings ratio of 13.66 and a beta of 0.59. The firm has a 50 day moving average of $29.18 and a 200 day moving average of $29.82.

Northrim BanCorp (NASDAQ:NRIM) last announced its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.04. Northrim BanCorp had a net margin of 14.15% and a return on equity of 8.33%. The firm had revenue of $23.96 million for the quarter, compared to the consensus estimate of $24.70 million. On average, equities analysts expect that Northrim BanCorp Inc will post $2.51 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in NRIM. Dimensional Fund Advisors LP increased its stake in shares of Northrim BanCorp by 5.5% in the second quarter. Dimensional Fund Advisors LP now owns 522,570 shares of the financial services provider’s stock worth $15,886,000 after buying an additional 27,018 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Northrim BanCorp by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 305,102 shares of the financial services provider’s stock worth $9,275,000 after buying an additional 5,134 shares during the period. Vanguard Group Inc. increased its stake in shares of Northrim BanCorp by 0.7% in the second quarter. Vanguard Group Inc. now owns 240,905 shares of the financial services provider’s stock worth $7,323,000 after buying an additional 1,773 shares during the period. FMR LLC increased its stake in shares of Northrim BanCorp by 10.2% in the second quarter. FMR LLC now owns 172,608 shares of the financial services provider’s stock worth $5,247,000 after buying an additional 15,939 shares during the period. Finally, LSV Asset Management increased its stake in shares of Northrim BanCorp by 7.8% in the second quarter. LSV Asset Management now owns 171,167 shares of the financial services provider’s stock worth $5,203,000 after buying an additional 12,322 shares during the period. 71.65% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine upgraded shares of Northrim BanCorp from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th.

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.

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