SEC Form SC 13G/A filed by Northrim BanCorp Inc (Amendment)

9/5/23 5:36:13 PM ET

Savings Institutions

Finance

Get the next $NRIM alert in real time by email

SC 13G/A 1 NRIM13AMEND20230905.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _4__)* Northrim Bancorp, Inc. (Name of Issuer) Common (Title of Class of Securities) 666762109 (CUSIP Number) August 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13G CUSIP No. 666762109 1 Names of Reporting Persons AltraVue Capital, LLC 2 Check the appropriate box if a member of a Group (see instructions) (a) [ ] (b) [ ] 3 Sec Use Only 4 Citizenship or Place of Organization Delaware, US Number of Shares Beneficially Owned by Each Reporting Person With: 5 Sole Voting Power 0 6 Shared Voting Power 0 7 Sole Dispositive Power 0 8 Shared Dispositive Power 0 9 Aggregate Amount Beneficially Owned by Each Reporting Person 0 10 Check box if the aggregate amount in row (9) excludes certain shares (See Instructions) [ ] 11 Percent of class represented by amount in row (9) 0% 12 Type of Reporting Person (See Instructions) IA Item 1. (a) Name of Issuer: Northrim Bancorp, Inc. (b) Address of Issuers Principal Executive Offices: 3111 Street Anchorage, AL 99503 Item 2. (a) Name of Person Filing: AltraVue Capital, LLC (b) Address of Principal Business Office or, if None, Residence: 11747 NE 1st Street, Suite 205 Bellevue, WA 98005-3018 (c) Citizenship: USA (d) Title and Class of Securities: Common (e) CUSIP No.: 666762109 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [_] Broker or dealer registered under Section 15 of the Act; (b) [_] Bank as defined in Section 3(a)(6) of the Act; (c) [_] Insurance company as defined in Section 3(a)(19) of the Act; (d) [_] Investment company registered under Section 8 of the Investment Company Act of 1940; (e) X An investment adviser in accordance with Rule 13d- 1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [_] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [_] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [_] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) [_] A non-U.S. institution in accordance with Rule 240.13d- 1(b)(1)(ii)(J); (k) [_] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ Item 4. Ownership (a) Amount Beneficially Owned: 0 (b) Percent of Class: 0% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 351,539 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Item 6. Ownership of more than Five Percent on Behalf of Another Person. Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person. Item 8. Identification and classification of members of the group. Item 9. Notice of Dissolution of Group. Item 10. Certifications. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. Dated: September 5, 2023 /s/ Signature Tom Parkhurst / COO & CCO Name/Title The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). Page 1 of 1 1297544.3

Get the next $NRIM alert in real time by email

Date

Price Target

Rating

Analyst

2/25/2022

Neutral → Buy

Janney

SEC Form SC 13G/A filed by Northrim BanCorp Inc (Amendment)

Chat with this insight

Recent Analyst Ratings for $NRIM

$NRIM Leadership Updates

Live Leadership Updates

Northrim announces retirement of Residential Mortgage CEO, Steve Aldrich and promotion of Mike Baldwin to CEO

Northrim BanCorp, Inc. Appoints Marilyn F. Romano to its Board of Directors

Northrim BanCorp, Inc. Appoints Joseph Marushack to its Board of Directors

$NRIM Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chairman Schierhorn Joseph M covered exercise/tax liability with 1,932 shares and exercised 3,830 shares at a strike of $28.10, increasing direct ownership by 4% to 50,152 units (SEC Form 4)

Director Thomas Linda C sold $201,454 worth of shares (2,550 units at $79.00), decreasing direct ownership by 69% to 1,172 units (SEC Form 4)

Director Marushack Joseph bought $29,687 worth of shares (493 units at $60.22), increasing direct ownership by 22% to 2,768 units (SEC Form 4)

$NRIM SEC Filings

$NRIM Press Releases

Fastest customizable press release news feed in the world

$NRIM Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Northrim BanCorp Inc filed SEC Form 8-K: Entry into a Material Definitive Agreement, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

SEC Form 10-Q filed by Northrim BanCorp Inc

Northrim BanCorp Inc filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Northrim BanCorp Announces Acquisition of Sallyport Commercial Finance, LLC

Northrim BanCorp Earns $8.8 Million, or $1.57 Per Diluted Share, in Third Quarter 2024

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.62 per Share

Northrim Bank upgraded by Janney

$NRIM Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Marushack Joseph bought $29,687 worth of shares (493 units at $60.22), increasing direct ownership by 22% to 2,768 units (SEC Form 4)

Mccambridge David J bought $29,662 worth of shares (550 units at $53.93), increasing direct ownership by 6% to 10,112 units (SEC Form 4)

$NRIM Financials

Live finance-specific insights

Northrim BanCorp Announces Acquisition of Sallyport Commercial Finance, LLC

Northrim BanCorp Earns $8.8 Million, or $1.57 Per Diluted Share, in Third Quarter 2024

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.62 per Share

$NRIM Market Insights

Live Market Insights

Northrim BanCorp Q2 EPS $1.62 Beats $1.31 Estimate

Northrim BanCorp Q1 EPS $1.48 Beats $1.05 Estimate

Nucor, Super Micro Computer And 3 Stocks To Watch Heading Into Monday

$NRIM Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13G filed by Northrim BanCorp Inc

SEC Form SC 13G/A filed by Northrim BanCorp Inc (Amendment)

SEC Form SC 13G/A filed by Northrim BanCorp Inc (Amendment)

Recent Analyst Ratings for
$NRIM

$NRIM
Leadership Updates

$NRIM
Insider Trading

$NRIM
SEC Filings

$NRIM
Press Releases

$NRIM
Analyst Ratings

$NRIM
Insider Purchases

$NRIM
Financials

$NRIM
Market Insights

$NRIM
Large Ownership Changes