Connor Clark & Lunn Investment Management Ltd. Invests $824,000 in Northrim BanCorp, Inc. (NASDAQ:NRIM)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,568 shares of the financial services provider’s stock, valued at approximately $824,000.

A number of other large investors have also added to or reduced their stakes in the stock. Rhumbline Advisers lifted its stake 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 buying an additional 169 shares in the last quarter. Sei Investments Co. lifted its position in Northrim BanCorp by 15.0% in the 2nd quarter. Sei Investments Co. now owns 4,598 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 600 shares in the last quarter. Empowered Funds LLC boosted its stake in Northrim BanCorp by 4.7% during the 3rd quarter. Empowered Funds LLC now owns 20,697 shares of the financial services provider’s stock valued at $1,474,000 after purchasing an additional 938 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Northrim BanCorp by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 47,275 shares of the financial services provider’s stock worth $2,725,000 after purchasing an additional 1,149 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in shares of Northrim BanCorp by 19.1% in the second quarter. Los Angeles Capital Management LLC now owns 9,741 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 1,561 shares during the last quarter. Hedge funds and other institutional investors own 65.99% of the company’s stock.

Insider Transactions at Northrim BanCorp

In related news, Director Linda C. Thomas sold 2,550 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $79.00, for a total value of $201,450.00. Following the sale, the director now owns 1,172 shares in the company, valued at approximately $92,588. This trade represents a 68.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 4.10% of the company’s stock.

Northrim BanCorp Trading Down 0.7 %

Northrim BanCorp stock opened at $85.57 on Friday. Northrim BanCorp, Inc. has a one year low of $43.92 and a one year high of $91.72. The business’s fifty day moving average is $72.83 and its 200 day moving average is $65.13. The stock has a market capitalization of $470.64 million, a PE ratio of 14.60 and a beta of 0.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.81.

Northrim BanCorp Company 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.