JPMorgan Chase & Co. Purchases 145,578 Shares of Northrim BanCorp Inc $NRIM

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JPMorgan Chase & Co. significantly increased its holdings in Northrim BanCorp Inc. by 314.2% in the third quarter, acquiring an additional 145,578 shares, bringing their total to 191,908 shares valued at approximately $4.16 million. The article also notes that Northrim’s CEO purchased additional shares, and institutional investors collectively own 65.99% of the company’s stock. Despite missing quarterly EPS estimates, analysts maintain a “Moderate Buy” consensus rating with a target price of $33.00, and the company pays a quarterly dividend yielding about 2.7%.

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