US LNG exports surge but will buyers in China turn up?
Michael G. Huston, President, CEO, and COO of Northrim Bancorp Inc. (NASDAQ:NRIM), recently sold 453 shares of the company’s common stock, according to a recent SEC filing. The shares were sold at an average price of $89.1797, totaling approximately $40,398. The transaction comes as NRIM trades near its 52-week high of $91.72, with the stock delivering an impressive 93% return over the past year. Following this transaction, Huston retains ownership of 23,759 shares in the company. This move provides insight into the executive’s current holdings and trading activity in Northrim Bancorp, a $490 million market cap company currently trading at a P/E ratio of 13.3. InvestingPro analysis suggests the stock is currently fairly valued, with additional metrics showing the company has maintained dividend payments for 31 consecutive years.
In other recent news, Northrim BanCorp , Inc. has made a significant addition to its Board of Directors with the appointment of Shauna Hegna. Hegna has a robust background in shareholder services, communications, and government affairs, and she has been serving as the President of Koniag since 2017. Koniag’s influence in Alaska’s economy, coupled with Hegna’s leadership and community involvement, adds substantial value to Northrim BanCorp’s leadership team.
Hegna’s past roles at the Alaska Native Tribal Health Consortium and Afognak Native Corporation affirm her dedication to Alaskan communities. Her achievements include induction into the YWCA Women of Achievement in 2022 and being named one of Alaska’s Top Forty Under 40 in 2007. These recent developments at Northrim BanCorp underscore the company’s commitment to bolster its leadership team with experienced professionals.
This information is based on a press release statement from Northrim BanCorp, Inc.
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