Empowered Funds LLC Invests $2.52 Million in Northrim BanCorp Inc $NRIM

Posted by Brian Himes on Sep 3rd, 2026

Empowered Funds LLC bought a new stake in shares of Northrim BanCorp Inc (NASDAQ:NRIM – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 90,728 shares of the financial services provider’s stock, valued at approximately $2,517,000. Empowered Funds LLC owned 0.41% of Northrim BanCorp as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Northrim BanCorp by 21.5% in the 1st quarter. Royal Bank of Canada now owns 39,505 shares of the financial services provider’s stock worth $2,892,000 after acquiring an additional 6,990 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Northrim BanCorp in the first quarter valued at approximately $210,000. AQR Capital Management LLC raised its stake in shares of Northrim BanCorp by 171.3% during the first quarter. AQR Capital Management LLC now owns 13,352 shares of the financial services provider’s stock valued at $978,000 after purchasing an additional 8,431 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Northrim BanCorp by 5.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,182 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 156 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Northrim BanCorp by 30.2% during the first quarter. Goldman Sachs Group Inc. now owns 28,470 shares of the financial services provider’s stock worth $2,085,000 after purchasing an additional 6,599 shares in the last quarter. 65.99% of the stock is owned by institutional investors and hedge funds.

Northrim BanCorp Price Performance

Shares of NASDAQ NRIM opened at $25.79 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.23. Northrim BanCorp Inc has a fifty-two week low of $19.60 and a fifty-two week high of $30.82. The business has a 50 day moving average price of $26.84 and a two-hundred day moving average price of $25.15. The firm has a market cap of $573.70 million, a PE ratio of 8.48 and a beta of 0.87.

Northrim BanCorp (NASDAQ:NRIM – Get Free Report) 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 company had revenue of $53.79 million for the quarter, compared to analyst estimates of $51.80 million. Northrim BanCorp had a return on equity of 17.33% and a net margin of 26.03%. Sell-side analysts expect that Northrim BanCorp Inc will post 2.57 earnings per share for the current fiscal year.

Northrim BanCorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Thursday, September 10th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Northrim BanCorp’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, September 10th. Northrim BanCorp’s payout ratio is presently 22.37%.

Analysts Set New Price Targets

NRIM has been the subject of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Northrim BanCorp in a research note on Tuesday, June 16th. Keefe, Bruyette & Woods assumed coverage on shares of Northrim BanCorp in a research note on Wednesday, July 1st. They set a “market perform” rating and a $30.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

View Our Latest Stock Analysis on Northrim BanCorp

Insider Activity at Northrim BanCorp

In other Northrim BanCorp news, EVP Jason Alexander Criqui sold 13,488 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $26.44, for a total transaction of $356,622.72. Following the transaction, the executive vice president directly owned 12,653 shares in the company, valued at $334,545.32. This represents a 51.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jed W. Ballard sold 3,492 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $25.91, for a total transaction of $90,477.72. Following the transaction, the executive vice president owned 26,835 shares in the company, valued at $695,294.85. This trade represents a 11.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,180 shares of company stock valued at $477,724 over the last ninety days. Corporate insiders own 2.40% of the company’s stock.

Northrim BanCorp Profile

(Free Report)

Northrim BanCorp is the bank holding company for Northrim Bank, a community bank headquartered in Anchorage, Alaska. The company offers a comprehensive suite of personal and commercial banking products and services, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury and cash management solutions.

With branches located across Alaska’s major population centers—such as Anchorage, Fairbanks and Juneau—Northrim serves both urban and rural communities.