Talmer Bancorp Inc. (TLMR) Hits New 12-Month High at $22.46
Talmer Bancorp Inc. (NASDAQ:TLMR)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $22.46 and last traded at $22.45, with a volume of 295,986 shares traded. The stock had previously closed at $22.27.
Several equities analysts have issued reports on the company. 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. Zacks Investment Research cut Talmer Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th.
The firm has a market cap of $1.51 billion and a P/E ratio of 21.85. The stock has a 50-day moving average of $20.45 and a 200-day moving average of $18.88.
The business also recently declared a quarterly dividend, which was paid on Friday, July 29th. Stockholders 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 0.89%.
In other news, Director Paul E. Hodges III sold 85,585 shares of the stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $20.01, for a total transaction of $1,712,555.85. Following the transaction, the director now owns 30,524 shares of the company’s stock, valued at $610,785.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the insider now directly owns 43,147 shares in the company, valued at approximately $858,625.30. The disclosure for this sale can be found here.
Several institutional investors recently modified their holdings of TLMR. Rhumbline Advisers boosted 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 during the last quarter. Argent Capital Management LLC boosted 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 during the last quarter. Finally, Wells Fargo & Company MN boosted 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 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.
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