Martingale Asset Management L P Raises Stock Position in Northrim BanCorp, Inc. (NASDAQ:NRIM)

Martingale Asset Management L P raised its stake in shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) by 13.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,967 shares of the financial services provider’s stock after buying an additional 846 shares during the period. Martingale Asset Management L P owned about 0.13% of Northrim BanCorp worth $496,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers grew its holdings in shares of Northrim BanCorp by 2.6% in the second quarter. Rhumbline Advisers now owns 6,703 shares of the financial services provider’s stock worth $386,000 after acquiring an additional 169 shares during the period. FMR LLC grew its stake in shares of Northrim BanCorp by 13.1% during the 3rd quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 201 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Northrim BanCorp by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,677 shares of the financial services provider’s stock valued at $1,117,000 after purchasing an additional 457 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Northrim BanCorp by 15.0% in the 2nd quarter. Sei Investments Co. now owns 4,598 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 600 shares during the period. Finally, Empowered Funds LLC boosted its holdings in shares of Northrim BanCorp by 4.7% in the third quarter. Empowered Funds LLC now owns 20,697 shares of the financial services provider’s stock worth $1,474,000 after buying an additional 938 shares during the last quarter. 65.99% of the stock is owned by institutional investors.

Insider Activity at Northrim BanCorp

In other news, Director Linda C. Thomas sold 2,550 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $79.00, for a total value of $201,450.00. Following the transaction, the director now owns 1,172 shares of the company’s stock, valued at $92,588. This trade represents a 68.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.10% of the stock is owned by company insiders.

Northrim BanCorp Stock Down 3.0 %

Shares of NRIM stock opened at $85.29 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.09. Northrim BanCorp, Inc. has a 12 month low of $43.92 and a 12 month high of $91.72. The stock has a market cap of $469.10 million, a P/E ratio of 14.55 and a beta of 0.81. The company has a 50 day simple moving average of $74.05 and a two-hundred day simple moving average of $66.08.

Northrim BanCorp Profile

Northrim BanCorp, Inc operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. It operates through two segments, Community Banking and Home Mortgage Lending. The company offers noninterest-bearing checking accounts and interest-bearing time deposits, checking and savings accounts, individual retirement and money market deposit accounts, certificates of deposit, and business sweep accounts.