Northrim BanCorp, Inc. (NASDAQ:NRIM) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its stake in shares of Northrim BanCorp, Inc. (NASDAQ:NRIM) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 215,424 shares of the financial services provider’s stock after selling 5,645 shares during the period. The Manufacturers Life Insurance Company’s holdings in Northrim BanCorp were worth $15,342,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Northrim BanCorp during the third quarter valued at approximately $142,000. Fulton Bank N.A. acquired a new position in Northrim BanCorp in the 3rd quarter valued at $214,000. Ritholtz Wealth Management purchased a new position in Northrim BanCorp in the 3rd quarter valued at $226,000. Sei Investments Co. boosted its stake in Northrim BanCorp by 15.0% during 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 last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Northrim BanCorp by 2.6% during 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. 65.99% of the stock is owned by hedge funds and other institutional investors.

Northrim BanCorp Price Performance

Shares of NASDAQ NRIM opened at $85.07 on Monday. The stock has a market capitalization of $467.89 million, a price-to-earnings ratio of 14.52 and a beta of 0.73. Northrim BanCorp, Inc. has a 52 week low of $43.92 and a 52 week high of $91.72. The firm has a 50-day simple moving average of $73.39 and a 200-day simple moving average of $65.59. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.09.

Insider Buying and Selling at Northrim BanCorp

In other Northrim BanCorp news, Director Linda C. Thomas sold 2,550 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $79.00, for a total transaction of $201,450.00. Following the transaction, the director now owns 1,172 shares of the company’s stock, valued at approximately $92,588. The trade was a 68.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.10% of the stock is owned by insiders.

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.