California Public Employees Retirement System boosted its position in shares of Northrim BanCorp Inc (NASDAQ:NRIM) by 4.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,668 shares of the financial services provider’s stock after buying an additional 2,200 shares during the period. California Public Employees Retirement System owned approximately 0.83% of Northrim BanCorp worth $1,733,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in NRIM. FMR LLC increased its stake in shares of Northrim BanCorp by 467.6% in the first quarter. FMR LLC now owns 156,669 shares of the financial services provider’s stock worth $4,708,000 after buying an additional 129,069 shares in the last quarter. AXA increased its stake in shares of Northrim BanCorp by 5.9% in the first quarter. AXA now owns 17,900 shares of the financial services provider’s stock worth $538,000 after buying an additional 1,000 shares in the last quarter. American International Group Inc. increased its stake in shares of 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 worth $124,000 after buying an additional 267 shares in the last quarter. Brandes Investment Partners LP purchased a new stake in shares of Northrim BanCorp during the first quarter worth approximately $1,280,000. Finally, Pacific Ridge Capital Partners LLC increased its stake in shares of Northrim BanCorp by 18.8% in the first quarter. Pacific Ridge Capital Partners LLC now owns 80,580 shares of the financial services provider’s stock worth $2,421,000 after buying an additional 12,772 shares in the last quarter. 71.49% of the stock is currently owned by institutional investors.
Shares of Northrim BanCorp Inc (NASDAQ:NRIM) remained flat at $29.20 during midday trading on Thursday. 21 shares of the company traded hands. The company has a market cap of $201.77 million, a PE ratio of 13.71 and a beta of 0.60. The company’s 50-day moving average price is $30.40 and its 200 day moving average price is $30.02. Northrim BanCorp Inc has a 12 month low of $24.35 and a 12 month high of $33.00.
Northrim BanCorp (NASDAQ:NRIM) last posted its earnings results on Monday, July 31st. The financial services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Northrim BanCorp had a net margin of 14.15% and a return on equity of 8.38%. The business had revenue of $23.96 million for the quarter, compared to analysts’ expectations of $24.70 million. Equities research analysts expect that Northrim BanCorp Inc will post $2.00 EPS for the current year.
Northrim BanCorp Company Profile
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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