Shares of Talmer Bancorp Inc. (NASDAQ:TLMR) reached a new 52-week high on Tuesday . The company traded as high as $22.11 and last traded at $22.03, with a volume of 107,268 shares traded. The stock had previously closed at $22.01.

A number of research firms recently weighed in on TLMR. Zacks Investment Research downgraded Talmer Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Keefe, Bruyette & Woods boosted their target price on Talmer Bancorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, July 28th.

The company has a 50-day moving average price of $19.93 and a 200 day moving average price of $18.60. The company has a market cap of $1.48 billion and a price-to-earnings ratio of 21.37.

The business also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 22nd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Wednesday, July 20th.

In related news, insider James T. Dunn sold 39,412 shares of the stock in a transaction dated 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 sale, the insider now 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 is accessible through the SEC website. Also, Director Paul E. Hodges III sold 85,585 shares of the stock in a transaction dated 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 owns 30,524 shares of the company’s stock, valued at approximately $610,785.24. The disclosure for this sale can be found here.

Other hedge funds have added to or reduced their stakes in the company. UBS Oconnor LLC acquired a new stake in Talmer Bancorp during the fourth quarter valued at about $1,141,000. 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 valued at $15,874,000 after buying an additional 42,587 shares in the last quarter. 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 valued at $7,524,000 after buying an additional 6,220 shares in 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 valued at $1,707,000 after buying an additional 1,470 shares in the last quarter. Finally, 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 valued at $1,474,000 after buying an additional 730 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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