BlackRock Amends NORTHRIM BANCORP Stake, Filing 13G/A
Ticker: NRIM · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1163370
| Field | Detail |
|---|---|
| Company | Northrim Bancorp Inc (NRIM) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, 13G, banking
TL;DR
**BlackRock updated its stake in NORTHRIM BANCORP, filing an amended 13G/A.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating its ownership of NORTHRIM BANCORP INC's Common Stock as of December 31, 2023. This filing, Amendment No. 9, updates their previous disclosures regarding their stake in the Alaska-based savings institution. This matters to investors because BlackRock is a major institutional investor, and changes in their reported holdings can signal their confidence (or lack thereof) in NORTHRIM BANCORP INC's future prospects.
Why It Matters
This filing shows BlackRock's updated position in NORTHRIM BANCORP INC, providing transparency on a significant institutional investor's holdings, which can influence market perception and trading decisions.
Risk Assessment
Risk Level: low — This is a routine disclosure filing by a large institutional investor and does not inherently signal high risk.
Analyst Insight
Investors should note that BlackRock, a major institutional investor, continues to hold a position in NORTHRIM BANCORP INC. While this filing doesn't detail the exact change in share count, it confirms their ongoing interest. Smart investors might look for the full details of the share count in the complete filing to understand if BlackRock increased or decreased its stake, which could influence their own investment decisions.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- NORTHRIM BANCORP INC (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event which required the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
- Delaware (company) — state of incorporation for BlackRock, Inc.
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 9)' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' and '(1)Names of reporting persons. BlackRock, Inc.'.
What is the subject company whose securities are being reported?
The subject company is NORTHRIM BANCORP INC, as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NORTHRIM BANCORP INC' and '(Name of Issuer) NORTHRIM BANCORP INC'.
What is the date of the event that required this filing?
The date of the event which required this filing is December 31, 2023, as specified by '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of NORTHRIM BANCORP INC is 666762109, as listed under '(CUSIP Number) 666762109'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding NORTHRIM BANCORP INC (NRIM).