Talmer Bancorp Inc. (NASDAQ:TLMR) shares hit 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 changing hands. The stock had previously closed at $20.45.

TLMR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Talmer Bancorp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Saturday, April 30th. Keefe, Bruyette & Woods boosted their price objective on Talmer Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $20.63.

The company has a 50 day moving average of $19.56 and a 200 day moving average of $18.35. The stock has a market capitalization of $1.41 billion and a PE ratio of 21.64.

Talmer Bancorp (NASDAQ:TLMR) last announced its earnings results on Wednesday, April 27th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. During the same period last year, the firm earned $0.12 earnings per share. On average, equities analysts predict that Talmer Bancorp Inc. will post $1.21 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 22nd will be given a $0.05 dividend. The ex-dividend date is Wednesday, July 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.95%.

In related news, insider James T. Dunn sold 39,412 shares of the company’s stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $19.90, for a total value of $784,298.80. Following the completion of the sale, the insider now directly owns 43,147 shares of the company’s stock, valued at approximately $858,625.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul E. Hodges III sold 85,585 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 30,524 shares of the company’s stock, valued at $610,785.24. The disclosure for this sale can be found here.

A number of hedge funds recently bought and sold shares of the company. Nationwide Fund Advisors boosted its stake in Talmer Bancorp by 130.3% in the fourth quarter. Nationwide Fund Advisors now owns 164,130 shares of the financial services provider’s stock worth $2,972,000 after buying an additional 92,864 shares during the last quarter. California State Teachers Retirement System boosted its stake in Talmer Bancorp by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 94,267 shares of the financial services provider’s stock worth $1,707,000 after buying an additional 1,470 shares during the last quarter. First Trust Advisors LP boosted its stake in Talmer Bancorp by 60.7% in the fourth quarter. First Trust Advisors LP now owns 196,862 shares of the financial services provider’s stock worth $3,565,000 after buying an additional 74,391 shares during the last quarter. Rhumbline Advisers boosted its stake in Talmer Bancorp by 0.9% in the fourth quarter. Rhumbline Advisers now owns 81,418 shares of the financial services provider’s stock worth $1,474,000 after buying an additional 730 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in Talmer Bancorp by 3.9% in the fourth quarter. OppenheimerFunds Inc. now owns 1,193,889 shares of the financial services provider’s stock worth $21,621,000 after buying an additional 45,136 shares during 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.