Talmer Bancorp Inc. (NASDAQ:TLMR) reached a new 52-week high during trading on Wednesday . The company traded as high as $21.23 and last traded at $21.19, with a volume of 121,759 shares trading hands. The stock had previously closed at $21.00.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Talmer Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Keefe, Bruyette & Woods increased their price target on Talmer Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, July 28th.

The firm has a market capitalization of $1.42 billion and a PE ratio of 20.52. The stock’s 50 day moving average is $19.77 and its 200 day moving average is $18.50.

The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 22nd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, July 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.95%.

In other Talmer Bancorp news, Director Paul E. Hodges III sold 85,585 shares of the business’s stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $20.01, for a total value of $1,712,555.85. Following the sale, the director now directly owns 30,524 shares of the company’s stock, valued at $610,785.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James T. Dunn sold 39,412 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here.

Several hedge funds and institutional investors have bought and sold shares of TLMR. UBS Oconnor LLC acquired a new position in Talmer Bancorp during the fourth quarter valued at $1,141,000. 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 valued at $1,474,000 after buying an additional 730 shares in the last quarter. California State Teachers Retirement System boosted its position 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 valued at $1,707,000 after buying an additional 1,470 shares in the last quarter. First Trust Advisors LP boosted its position 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 valued at $3,565,000 after buying an additional 74,391 shares in the last quarter. Finally, 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 valued at $7,524,000 after buying an additional 6,220 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.

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.