Talmer Bancorp Inc. (TLMR) Sets New 1-Year High at $21.23
Shares of Talmer Bancorp Inc. (NASDAQ:TLMR) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $21.23 and last traded at $21.19, with a volume of 121,759 shares changing hands. The stock had previously closed at $21.00.
A number of research firms have recently issued reports on TLMR. Zacks Investment Research downgraded shares of Talmer Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Talmer Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.63.
The firm’s 50-day moving average is $19.66 and its 200-day moving average is $18.47. The stock has a market capitalization of $1.42 billion and a price-to-earnings ratio of 20.54.
The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 22nd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.95%. The ex-dividend date was Wednesday, July 20th.
In other Talmer Bancorp news, Director Paul E. Hodges III sold 85,585 shares of the stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $20.01, for a total transaction of $1,712,555.85. Following the transaction, the director now directly owns 30,524 shares in the company, valued at approximately $610,785.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James T. Dunn sold 39,412 shares of the 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 transaction, the insider now owns 43,147 shares in the company, valued at $858,625.30. The disclosure for this sale can be found here.
Other institutional investors have bought and sold shares of the company. UBS Oconnor LLC acquired a new position in Talmer Bancorp during the fourth quarter worth about $1,141,000. Principal Financial Group Inc. boosted its position 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 last quarter. Wells Fargo & Company MN boosted its position 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 last quarter. State of Wisconsin Investment Board boosted its position 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 last quarter. Finally, Rhumbline Advisers boosted its position 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.
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.