Talmer Bancorp Inc. (NASDAQ:TLMR) shares reached a new 52-week high on Wednesday . The stock traded as high as $20.86 and last traded at $20.82, with a volume of 128,019 shares. The stock had previously closed at $20.45.

Separately, Zacks Investment Research downgraded shares of Talmer Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $19.88.

The stock has a market capitalization of $1.40 billion and a PE ratio of 21.52. The stock has a 50 day moving average of $19.52 and a 200-day moving average of $18.32.

Talmer Bancorp (NASDAQ:TLMR) last issued its earnings results on Wednesday, April 27th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.03. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Equities research analysts expect that Talmer Bancorp Inc. will post $1.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 22nd will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, July 20th.

In other news, Director Paul E. Hodges III sold 85,585 shares of the firm’s stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $20.01, for a total value of $1,712,555.85. Following the transaction, the director now owns 30,524 shares in the company, valued at $610,785.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James T. Dunn sold 39,412 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $19.90, for a total transaction of $784,298.80. Following the completion of the transaction, the insider now owns 43,147 shares in the company, valued at approximately $858,625.30. The disclosure for this sale can be found here.

A number of hedge funds recently added to or reduced their stakes in TLMR. Dimensional Fund Advisors LP boosted its stake in Talmer Bancorp by 44.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 875,352 shares of the financial services provider’s stock valued at $15,853,000 after buying an additional 268,375 shares during the period. UBS Oconnor LLC purchased a new position in shares of Talmer Bancorp during the fourth quarter valued at approximately $1,141,000. EJF Capital LLC raised its position in shares of Talmer Bancorp by 17.2% in the fourth quarter. EJF Capital LLC now owns 1,169,823 shares of the financial services provider’s stock valued at $21,185,000 after buying an additional 171,623 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Talmer Bancorp by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 415,465 shares of the financial services provider’s stock valued at $7,524,000 after buying an additional 6,220 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Talmer Bancorp by 5.1% in the fourth quarter. Wells Fargo & Company MN now owns 876,526 shares of the financial services provider’s stock valued at $15,874,000 after buying an additional 42,587 shares in the last quarter.

Talmer Bancorp, Inc is the bank holding company for Talmer Bank and Trust (the Bank). The Company operates in the banking segment. The Bank is a full service community bank offering a suite of commercial and retail banking, mortgage banking, wealth management and trust services to small and medium-sized businesses and individuals within its geographic footprint.

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