Northrim BanCorp, Inc. (NRIM) Director David J. Mccambridge Buys 750 Shares
Northrim BanCorp, Inc. (NASDAQ:NRIM) Director David J. Mccambridge purchased 750 shares of Northrim BanCorp stock in a transaction dated Tuesday, May 30th. The shares were acquired at an average cost of $30.50 per share, for a total transaction of $22,875.00. Following the completion of the transaction, the director now owns 5,115 shares of the company’s stock, valued at approximately $156,007.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) traded down 2.28% during trading on Tuesday, hitting $29.95. The stock had a trading volume of 13,124 shares. The stock’s 50 day moving average price is $30.64 and its 200-day moving average price is $29.81. Northrim BanCorp, Inc. has a one year low of $24.35 and a one year high of $33.00. The stock has a market cap of $206.95 million, a P/E ratio of 14.06 and a beta of 0.56.
Northrim BanCorp (NASDAQ:NRIM) last released its quarterly earnings data on Monday, May 1st. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.11. The business had revenue of $22.73 million during the quarter, compared to analysts’ expectations of $22 million. Northrim BanCorp had a net margin of 14.10% and a return on equity of 8.73%. Analysts expect that Northrim BanCorp, Inc. will post $2.00 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Thursday, June 8th will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, June 6th. This represents a $0.84 annualized dividend and a dividend yield of 2.80%. Northrim BanCorp’s dividend payout ratio (DPR) is currently 38.84%.
Several large investors have recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake in Northrim BanCorp by 6.9% in the first quarter. American International Group Inc. now owns 4,137 shares of the financial services provider’s stock valued at $124,000 after buying an additional 267 shares during the period. Bank of America Corp DE boosted its stake in Northrim BanCorp by 6.1% in the first quarter. Bank of America Corp DE now owns 6,141 shares of the financial services provider’s stock valued at $185,000 after buying an additional 353 shares during the period. Goldman Sachs Group Inc. purchased a new stake in Northrim BanCorp during the first quarter valued at about $306,000. Menta Capital LLC purchased a new stake in Northrim BanCorp during the first quarter valued at about $354,000. Finally, Teachers Advisors LLC boosted its stake in Northrim BanCorp by 8.2% in the fourth quarter. Teachers Advisors LLC now owns 11,713 shares of the financial services provider’s stock valued at $370,000 after buying an additional 887 shares during the period. 66.88% of the stock is owned by institutional investors and hedge funds.
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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