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

Several brokerages recently weighed in on TLMR. Keefe, Bruyette & Woods lifted their price objective on Talmer Bancorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, July 28th. Zacks Investment Research lowered Talmer Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th.

The company has a market capitalization of $1.48 billion and a price-to-earnings ratio of 21.43. The firm’s 50-day moving average price is $20.07 and its 200-day moving average price is $18.66.

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

In other news, Director Paul E. Hodges III sold 85,585 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $610,785.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James T. Dunn sold 39,412 shares of the company’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $19.90, for a total value of $784,298.80. Following the transaction, 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 made changes to their positions in TLMR. UBS Oconnor LLC acquired a new position in shares of Talmer Bancorp during the fourth quarter worth about $1,141,000. Wells Fargo & Company MN increased 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 in the last quarter. Principal Financial Group Inc. increased 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 in the last quarter. California State Teachers Retirement System increased 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 worth $1,707,000 after buying an additional 1,470 shares in the last quarter. Finally, Rhumbline Advisers increased 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 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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