Wedbush Securities Inc buys $6,746,698 stake in Northrim BanCorp (NRIM)

Northrim BanCorp (NRIM) : Wedbush Securities Inc scooped up 519 additional shares in Northrim BanCorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 252,213 shares of Northrim BanCorp which is valued at $6,746,698.Northrim BanCorp makes up approximately 1.20% of Wedbush Securities Inc’s portfolio.

Northrim BanCorp (NRIM) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $26.58 and reached the intraday high at $26.75. The bulls started the profit booking and pushed the shares to intraday low of $25.8. The trading session was marked by a volume range of 53,508 shares exchanging hands. The 52-week high of the shares is $29.75 and the 52-week low is $21.6. The market cap of the company stands at $184 M and there are 68,77,140 shares in public circulation.

Other Hedge Funds, Including , Russell Frank Co reduced its stake in NRIM by selling 9,864 shares or 11.17% in the most recent quarter. The Hedge Fund company now holds 78,409 shares of NRIM which is valued at $2,022,952. Nisa Investment Advisors L.l.c. added NRIM to its portfolio by purchasing 900 company shares during the most recent quarter which is valued at $23,220. Park Circle Co sold out all of its stake in NRIM during the most recent quarter. The investment firm sold 9,902 shares of NRIM which is valued $255,472.

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 14 branches throughout Alaska. The Home Mortgage Lending segment’s principal business focus is the origination and sale of mortgage loans for one-to-four family residential properties. The Company has four wholly owned subsidiaries: Northrim Bank (the Bank) Northrim Investment Services Company (NISC) Northrim Capital Trust I (NCTI) and Northrim Statutory Trust 2 (NST2). The Bank has two wholly owned subsidiaries: Northrim Capital Investments Co. (NCIC) and Northrim Building LLC (NBL).

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