Talmer Bancorp Inc. (TLMR) Sees Strong Trading Volume
Talmer Bancorp Inc. (NASDAQ:TLMR) shares saw unusually-high trading volume on Wednesday . Approximately 315,333 shares were traded during trading, a decline of 0% from the previous session’s volume of 316,313 shares.The stock last traded at $22.56 and had previously closed at $22.53.
TLMR has been the topic of a number of research analyst reports. Zacks Investment Research raised Talmer Bancorp from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Saturday, April 30th. Keefe, Bruyette & Woods lifted their target price on Talmer Bancorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, July 28th.
The company has a market cap of $1.51 billion and a PE ratio of 21.77. The firm has a 50-day moving average price of $20.57 and a 200 day moving average price of $18.91.
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 0.89%. The ex-dividend date of this dividend was Wednesday, July 20th.
In other Talmer Bancorp news, insider James T. Dunn sold 39,412 shares of the company’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 sale, the insider now directly owns 43,147 shares in the company, valued at $858,625.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gregory R. Bixby sold 4,479 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $22.31, for a total value of $99,926.49. Following the completion of the sale, the insider now owns 24,000 shares in the company, valued at $535,440. The disclosure for this sale can be found here.
Other institutional investors have bought and sold shares of the company. Argent Capital Management LLC raised its position in 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 worth $1,588,000 after buying an additional 425 shares in the last quarter. Rhumbline Advisers raised 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. Finally, Wells Fargo & Company MN raised 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.
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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