Alaska Wealth Advisors LLC Invests $8.48 Million in Northrim BanCorp Inc $NRIM

Alaska Wealth Advisors LLC acquired a new stake in Northrim BanCorp Inc (NASDAQ:NRIM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 305,721 shares of the financial services provider’s stock, valued at approximately $8,481,000. Northrim BanCorp makes up approximately 0.9% of Alaska Wealth Advisors LLC’s holdings, making the stock its 16th largest position. Alaska Wealth Advisors LLC owned about 1.37% of Northrim BanCorp at the end of the most recent quarter. BlackRock Inc. purchased a new stake in Northrim BanCorp in the 2nd quarter worth $81,184,000. Deutsche Bank AG purchased a new position in Northrim BanCorp during the second quarter valued at $601,000. Bank of New York Mellon Corp acquired a new stake in shares of Northrim BanCorp in the second quarter valued at about $3,985,000. Summit Global Investments acquired a new stake in shares of Northrim BanCorp in the second quarter valued at about $479,000. Finally, Western Wealth Management LLC purchased a new position in Northrim BanCorp in the 1st quarter valued at about $27,000. Institutional investors and hedge funds own 65.99% of the company’s stock. NASDAQ NRIM opened at $25.80 on Friday. Northrim BanCorp Inc has a 12 month low of $19.60 and a 12 month high of $30.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.94 and a quick ratio of 0.91. The company has a market capitalization of $573.92 million, a price-to-earnings ratio of 8.49 and a beta of 0.88. The firm’s fifty day moving average price is $26.81 and its 200 day moving average price is $25.14. Northrim BanCorp last announced its earnings results on Thursday, July 23rd. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The firm had revenue of $53.79 million during the quarter, compared to analysts’ expectations of $51.80 million. Northrim BanCorp had a return on equity of 17.33% and a net margin of 26.03%. On average, sell-side analysts expect that Northrim BanCorp Inc will post 2.57 earnings per share for the current fiscal year. The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 11th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, June 11th. Northrim BanCorp’s dividend payout ratio (DPR) is presently 21.05%. In other Northrim BanCorp news, EVP Jason Alexander Criqui sold 13,488 shares of Northrim BanCorp stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $26.44, for a total value of $356,622.72. Following the transaction, the executive vice president directly owned 12,653 shares in the company, valued at approximately $334,545.32. This trade represents a 51.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.40% of the company’s stock. Keefe, Bruyette & Woods started coverage on Northrim BanCorp in a report on Wednesday, July 1st. They issued a “market perform” rating and a $3.