Rosenthal Henry Capital Advisors Inc. Sells 20,130 Shares of Northrim BanCorp Inc $NRIM

Rosenthal Henry Capital Advisors Inc. reduced its stake in Northrim BanCorp Inc (NASDAQ:NRIM) by 16.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,870 shares of the financial services provider’s stock after selling 20,130 shares during the period. Northrim BanCorp accounts for approximately 2.2% of Rosenthal Henry Capital Advisors Inc.’s holdings, making the stock its 16th largest holding. Rosenthal Henry Capital Advisors Inc.’s holdings in Northrim BanCorp were worth $2,285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Management Professionals Inc. acquired a new position in Northrim BanCorp in the fourth quarter valued at about $27,000. Quarry LP raised its holdings in shares of Northrim BanCorp by 47.7% during the fourth quarter. Quarry LP now owns 1,275 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 412 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in Northrim BanCorp by 298.0% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 1,568 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,174 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in Northrim BanCorp by 227.2% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 1,816 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 1,261 shares during the period. Finally, Clearstead Advisors LLC increased its holdings in Northrim BanCorp by 192.4% during the 4th quarter. Clearstead Advisors LLC now owns 1,509 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 993 shares in the last quarter. Institutional investors own 65.99% of the company’s stock.

Analyst Ratings Changes

NRIM has been the subject of several recent research reports. Keefe, Bruyette & Woods initiated coverage on Northrim BanCorp in a research report on Wednesday. They set a “market perform” rating and a $30.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northrim BanCorp in a research report on Tuesday, June 16th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.50.

Northrim BanCorp Price Performance

Shares of NASDAQ NRIM opened at $27.72 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.91. The business has a 50-day moving average of $24.99 and a 200-day moving average of $25.14. The stock has a market capitalization of $616.77 million, a price-to-earnings ratio of 9.62 and a beta of 0.86. Northrim BanCorp Inc has a fifty-two week low of $19.60 and a fifty-two week high of $30.82.

Northrim BanCorp (NASDAQ:NRIM) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.53 by $0.08. The firm had revenue of $49.46 million during the quarter, compared to analysts’ expectations of $50.60 million. Northrim BanCorp had a return on equity of 16.99% and a net margin of 24.91%. As a group, sell-side analysts predict that Northrim BanCorp Inc will post 2.6 earnings per share for the current fiscal year.

Northrim BanCorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 11th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, June 11th. Northrim BanCorp’s dividend payout ratio is presently 22.22%.

Northrim BanCorp Profile

Northrim BanCorp is the bank holding company for Northrim Bank, a community bank headquartered in Anchorage, Alaska. The company offers a comprehensive suite of personal and commercial banking products and services, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury and cash management solutions.

With branches located across Alaska’s major population centers—such as Anchorage, Fairbanks and Juneau—Northrim serves both urban and rural communities.