California Public Employees Retirement System Reduces Stake in Northrim BanCorp Inc (NRIM)

California Public Employees Retirement System lessened its holdings in shares of Northrim BanCorp Inc (NASDAQ:NRIM) by 6.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,068 shares of the financial services provider’s stock after selling 3,600 shares during the quarter. California Public Employees Retirement System owned 0.78% of Northrim BanCorp worth $1,644,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. American International Group Inc. grew its holdings in shares of Northrim BanCorp by 6.9% in the 1st quarter. American International Group Inc. now owns 4,137 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 267 shares in the last quarter. Menta Capital LLC grew its holdings in shares of Northrim BanCorp by 2.5% in the 2nd quarter. Menta Capital LLC now owns 12,086 shares of the financial services provider’s stock valued at $367,000 after acquiring an additional 300 shares in the last quarter. Bank of America Corp DE lifted its stake in Northrim BanCorp by 6.1% in the 1st quarter. Bank of America Corp DE now owns 6,141 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 353 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Northrim BanCorp by 2.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 25,466 shares of the financial services provider’s stock valued at $774,000 after purchasing an additional 497 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its stake in Northrim BanCorp by 37.7% in the 2nd quarter. Nationwide Fund Advisors now owns 6,214 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 72.16% of the company’s stock.

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NRIM has been the subject of several research reports. Zacks Investment Research downgraded shares of Northrim BanCorp from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. ValuEngine cut shares of Northrim BanCorp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st.

Shares of Northrim BanCorp Inc (NASDAQ NRIM) opened at $33.50 on Wednesday. The firm has a market cap of $228.22, a price-to-earnings ratio of 14.11 and a beta of 0.70. Northrim BanCorp Inc has a one year low of $26.31 and a one year high of $36.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.83 and a current ratio of 0.87.

Northrim BanCorp 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.

Institutional Ownership by Quarter for Northrim BanCorp (NASDAQ:NRIM)

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