Wedbush Securities Inc Lowers stake in Northrim BanCorp (NRIM)

Northrim BanCorp (NRIM) : Wedbush Securities Inc reduced its stake in Northrim BanCorp by 16.89% during the most recent quarter end. The investment management company now holds a total of 209,621 shares of Northrim BanCorp which is valued at $5,661,863 after selling 42,592 shares in Northrim BanCorp , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Northrim BanCorp makes up approximately 0.92% of Wedbush Securities Inc’s portfolio.

Other Hedge Funds, Including , Dalton Greiner Hartman Maher Co boosted its stake in NRIM in the latest quarter, The investment management firm added 99 additional shares and now holds a total of 45,022 shares of Northrim BanCorp which is valued at $1,284,027. Northrim BanCorp makes up approx 0.08% of Dalton Greiner Hartman Maher Co’s portfolio.Foundry Partners boosted its stake in NRIM in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 43,275 shares of Northrim BanCorp which is valued at $1,234,203. Northrim BanCorp makes up approx 0.12% of Foundry Partners’s portfolio. Bnp Paribas Arbitrage Sa added NRIM to its portfolio by purchasing 266 company shares during the most recent quarter which is valued at $7,600.

Northrim BanCorp closed down -0.02 points or -0.07% at $26.67 with 29,029 shares getting traded on Monday. Post opening the session at $26.91, the shares hit an intraday low of $26.31 and an intraday high of $26.97 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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