Northrim Bancorp Inc (NASDAQ:NRIM) Institutional Investors Quarterly Sentiment

May 23, 2018 - By Robert Sims

Sentiment for Northrim Bancorp Inc (NASDAQ:NRIM)

Northrim Bancorp Inc (NASDAQ:NRIM) institutional sentiment decreased to 1.19 in 2017 Q4. Its down -0.59, from 1.78 in 2017Q3. The ratio is negative, as 38 funds started new and increased holdings, while 32 cut down and sold holdings in Northrim Bancorp Inc. The funds in our partner’s database now own: 4.77 million shares, down from 4.87 million shares in 2017Q3. Also, the number of funds holding Northrim Bancorp Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 28 Increased: 23 New Position: 15.

Northrim BanCorp, Inc. operates as bank holding firm for Northrim Bank that provides commercial banking services and products to businesses and professional individuals primarily in Alaska. The company has market cap of $265.95 million. The firm operates in two divisions, Community Banking and Home Mortgage Lending. It has a 20.59 P/E ratio. It offers various deposit products, including noninterest-bearing checking accounts and interest-bearing time deposits, checking accounts, and savings accounts, as well as money market deposit accounts, certificates of deposit, and courier noncash deposits.

The stock increased 0.13% or $0.05 during the last trading session, reaching $38.7. About 3,985 shares traded. Northrim BanCorp, Inc. (NASDAQ:NRIM) has risen 16.67% since May 23, 2017 and is uptrending. It has outperformed by 5.12% the S&P500.

Analysts await Northrim BanCorp, Inc. (NASDAQ:NRIM) to report earnings on July, 30. They expect $0.62 EPS, up 21.57 % or $0.11 from last year’s $0.51 per share. NRIM’s profit will be $4.26M for 15.60 P/E if the $0.62 EPS becomes a reality. After $0.58 actual EPS reported by Northrim BanCorp, Inc. for the previous quarter, Wall Street now forecasts 6.90 % EPS growth.

Pacific Ridge Capital Partners Llc holds 0.68% of its portfolio in Northrim BanCorp, Inc. for 75,778 shares. Private Capital Management Llc owns 116,709 shares or 0.63% of their US portfolio. Moreover, Maltese Capital Management Llc has 0.42% invested in the company for 163,073 shares. The Texas-based Corda Investment Management Llc. has invested 0.12% in the stock. Dalton Greiner Hartman Maher & Co, a New York-based fund reported 66,703 shares.

Since January 1, 0001, it had 0 buys, and 1 sale for $12,179 activity.

Another recent and important Northrim BanCorp, Inc. (NASDAQ:NRIM) news was published by Nasdaq.com which published an article titled: “Northrim BanCorp First Quarter 2018 Net Income Increases 6% to $4.1 Million, or $0.58 per Diluted Share” on April 30, 2018.

Northrim BanCorp, Inc. (NASDAQ:NRIM) Institutional Positions Chart

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