Northrim Bancorp Inc (NRIM): Karl L Hanneman , director of Northrim Bancorp Inc purchased 500 shares on Jun 14, 2016. The Insider buying transaction was reported by the company on Jun 16, 2016 to the Securities and Exchange Commission. The shares were purchased at $25.35 per share for a total value of $12,675.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 15, 2016, Murphy Krystal Nelson (director) purchased 400 shares at $26.00 per share price.On Jun 9, 2016, David J Mccambridge (director) purchased 850 shares at $26.78 per share price.Also, On Jun 6, 2016, John C Swalling (director) purchased 800 shares at $26.17 per share price.On Jun 2, 2016, Latosha M Frye (EVP, CFO) purchased 34 shares at $26.69 per share price.
Northrim BanCorp: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Northrim BanCorp which led to swings in the share price. The shares opened for trading at $25.3 and hit $26.19 on the upside , eventually ending the session at $26.05, with a gain of 3.33% or 0.84 points. The heightened volatility saw the trading volume jump to 11,146 shares. The 52-week high of the share price is $29.75 and the company has a market cap of $179 M . The 52-week low of the share price is at $21.6.
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).