Talmer Bancorp Inc. (TLMR) Sees Large Volume Increase
Shares of Talmer Bancorp Inc. (NASDAQ:TLMR) saw strong trading volume on Tuesday . 517,226 shares traded hands during trading, an increase of 84% from the previous session’s volume of 281,590 shares.The stock last traded at $21.06 and had previously closed at $21.04.
A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods increased their target price on Talmer Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, July 28th. Zacks Investment Research downgraded Talmer Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Three 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. The company currently has an average rating of “Buy” and an average target price of $20.63.
The company has a market capitalization of $1.41 billion and a P/E ratio of 20.37. The stock has a 50 day moving average price of $19.66 and a 200 day moving average price of $18.47.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 22nd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Wednesday, July 20th.
In other news, insider James T. Dunn sold 39,412 shares of the business’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 value of $784,298.80. Following the completion of the sale, the insider now directly owns 43,147 shares in the company, valued at $858,625.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul E. Hodges III sold 85,585 shares of the business’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 completion of the sale, the director now owns 30,524 shares of the company’s stock, valued at $610,785.24. The disclosure for this sale can be found here.
Several hedge funds have bought and sold shares of the stock. UBS Oconnor LLC acquired a new stake in Talmer Bancorp during the fourth quarter worth approximately $1,141,000. EJF Capital LLC boosted its stake in 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 worth $21,185,000 after buying an additional 171,623 shares during the period. Principal Financial Group Inc. boosted its stake in 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 worth $7,524,000 after buying an additional 6,220 shares during the period. Wells Fargo & Company MN boosted its stake in 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 worth $15,874,000 after buying an additional 42,587 shares during the period. Finally, State of Wisconsin Investment Board boosted its stake in Talmer Bancorp by 0.9% in the fourth quarter. State of Wisconsin Investment Board now owns 437,770 shares of the financial services provider’s stock worth $7,928,000 after buying an additional 4,030 shares during the period.
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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