Wavvest Wealth LLC Makes New $999,000 Investment in Northrim BanCorp Inc $NRIM

Posted by Brian Himes on Oct 22nd, 2026

Wavvest Wealth LLC bought a new stake in Northrim BanCorp Inc (NASDAQ:NRIM – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 41,237 shares of the financial services provider’s stock, valued at approximately $999,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Northrim BanCorp during the 2nd quarter valued at $81,184,000. The Manufacturers Life Insurance Company purchased a new stake in Northrim BanCorp in the 2nd quarter worth about $21,890,000. De Lisle Partners LLP purchased a new stake in Northrim BanCorp in the 2nd quarter worth about $13,220,000. Punch & Associates Investment Management Inc. purchased a new stake in Northrim BanCorp in the 2nd quarter worth about $9,514,000. Finally, Alaska Wealth Advisors LLC raised its stake in Northrim BanCorp by 212.6% in the 1st quarter. Alaska Wealth Advisors LLC now owns 305,721 shares of the financial services provider’s stock valued at $6,995,000 after acquiring an additional 207,930 shares during the period. Hedge funds and other institutional investors own 65.99% of the company’s stock.

Insider Buying and Selling

In related news, EVP Jed W. Ballard sold 3,492 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $25.91, for a total transaction of $90,477.72. Following the sale, the executive vice president owned 26,835 shares of the company’s stock, valued at approximately $695,294.85. This represents a 11.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jason Criqui sold 13,488 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $26.44, for a total value of $356,622.72. Following the completion of the transaction, the executive vice president owned 12,653 shares of the company’s stock, valued at approximately $334,545.32. This represents a 51.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,180 shares of company stock valued at $477,724 in the last ninety days. 2.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NRIM shares. Hovde Group began coverage on Northrim BanCorp in a research note on Tuesday, September 8th. They issued an “outperform” rating and a $30.00 price objective on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrim BanCorp in a research report on Friday, September 11th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Northrim BanCorp from $30.00 to $29.00 and set a “market perform” rating for the company in a research note on Monday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Northrim BanCorp currently has an average rating of “Moderate Buy” and an average price target of $29.50.

Get Our Latest Stock Analysis on Northrim BanCorp

Northrim BanCorp Stock Down 0.3%

Northrim BanCorp stock opened at $23.65 on Thursday. Northrim BanCorp Inc has a 1-year low of $20.70 and a 1-year high of $30.82. The firm has a market capitalization of $526.09 million, a price-to-earnings ratio of 9.57 and a beta of 0.90. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The firm has a 50 day simple moving average of $25.26 and a 200 day simple moving average of $25.49.

Northrim BanCorp (NASDAQ:NRIM – Get Free Report) last issued its earnings results on Thursday, October 15th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.10). The business had revenue of $57.41 million for the quarter, compared to the consensus estimate of $55.80 million. Northrim BanCorp had a net margin of 22.02% and a return on equity of 16.25%. On average, analysts predict that Northrim BanCorp Inc will post 2.68 earnings per share for the current year.

Northrim BanCorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Thursday, September 10th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.9%. This is a boost from Northrim BanCorp’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, September 10th. Northrim BanCorp’s dividend payout ratio (DPR) is presently 27.53%.

Northrim BanCorp Company Profile

(Free Report)

Northrim BanCorp, Inc is a bank holding company headquartered in Anchorage, Alaska. Through its subsidiary, Northrim Bank, the company provides banking and financial services to businesses, individuals, and organizations, with a focus on serving Alaska communities.

Northrim Bank offers commercial and consumer lending, commercial real estate financing, residential mortgage lending, deposit accounts, cash-management and treasury services, online and mobile banking, and other traditional banking products.