Talmer Bancorp Inc. (NASDAQ:TLMR) shares hit a new 52-week high during trading on Monday . The company traded as high as $22.46 and last traded at $22.45, with a volume of 295,986 shares trading hands. The stock had previously closed at $22.27.

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

The company has a market capitalization of $1.52 billion and a PE ratio of 21.89. The stock has a 50-day moving average of $20.21 and a 200-day moving average of $18.73.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 22nd were paid 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 0.89%.

In other news, Director Paul E. Hodges III sold 85,585 shares of Talmer Bancorp 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 completion of the transaction, the director now directly owns 30,524 shares in the company, valued at approximately $610,785.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James T. Dunn sold 39,412 shares of Talmer Bancorp 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 of the company’s stock, valued at $858,625.30. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have modified their holdings of the company. Rhumbline Advisers increased its position in shares of 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. Argent Capital Management LLC increased its position in shares of Talmer Bancorp by 0.5% in the fourth quarter. Argent Capital Management LLC now owns 87,675 shares of the financial services provider’s stock valued at $1,588,000 after buying an additional 425 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of 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.

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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