Northrim BanCorp, Inc. (NASDAQ:NRIM) Director Larry S. Cash purchased 450 shares of Northrim BanCorp stock in a transaction on Friday, July 31st. The stock was bought at an average price of $22.63 per share, with a total value of $10,183.50. Following the transaction, the director now owns 3,810 shares of the company’s stock, valued at $86,220.30. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

NASDAQ NRIM opened at $23.02 on Friday. The firm has a market cap of $146.68 million, a price-to-earnings ratio of 6.61 and a beta of 0.60. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $23.14 and a 200-day moving average price of $27.66. Northrim BanCorp, Inc. has a twelve month low of $17.32 and a twelve month high of $42.28.

Northrim BanCorp (NASDAQ:NRIM) last released its quarterly earnings data on Monday, July 27th. The financial services provider reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.99. The firm had revenue of $34.99 million during the quarter, compared to analyst estimates of $27.20 million. Northrim BanCorp had a return on equity of 11.36% and a net margin of 19.79%. Research analysts expect that Northrim BanCorp, Inc. will post 2.75 EPS for the current fiscal year.

A number of brokerages have commented on NRIM. ValuEngine cut Northrim BanCorp from a “hold” rating to a “sell” rating in a research report on Wednesday, April 8th. Zacks Investment Research upgraded Northrim BanCorp from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a research report on Friday.

A number of institutional investors have recently made changes to their positions in NRIM. Total Clarity Wealth Management Inc. bought a new position in Northrim BanCorp during the fourth quarter valued at approximately $27,000. Citigroup Inc. lifted its stake in shares of Northrim BanCorp by 40.2% in the 4th quarter. Citigroup Inc. now owns 1,305 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 374 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Northrim BanCorp by 91.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,193 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 1,046 shares during the last quarter. Advisor Group Holdings Inc. bought a new stake in shares of Northrim BanCorp in the 1st quarter valued at approximately $197,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Northrim BanCorp in the 1st quarter valued at approximately $219,000. 71.09% of the stock is owned by institutional investors.

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 in Alaska. It operates in two segments, Community Banking and Home Mortgage Lending. The company offers noninterest-bearing checking accounts and interest-bearing time deposits, checking and savings accounts, money market deposit accounts, certificates of deposit, and courier noncash deposits.

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