Talmer Bancorp Inc. (TLMR) Hits New 52-Week High at $22.92
Talmer Bancorp Inc. (NASDAQ:TLMR) reached a new 52-week high during trading on Monday . The company traded as high as $22.92 and last traded at $22.87, with a volume of 33,998 shares. The stock had previously closed at $22.76.
TLMR has been the subject of several recent research reports. Zacks Investment Research raised Talmer Bancorp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Saturday, April 30th. 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.
The firm has a 50 day moving average of $20.78 and a 200 day moving average of $18.98. The stock has a market capitalization of $1.54 billion and a P/E ratio of 22.18.
The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 22nd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Wednesday, July 20th.
In other Talmer Bancorp news, insider Kathleen S. Wendt sold 10,976 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $22.45, for a total value of $246,411.20. Following the completion of the sale, the insider now owns 40,983 shares in the company, valued at $920,068.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider James T. Dunn sold 39,412 shares of the company’s stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $19.90, for a total value of $784,298.80. Following the completion of the sale, the insider now owns 43,147 shares of the company’s stock, valued at approximately $858,625.30. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Talmer Bancorp stock. Rhumbline Advisers raised its stake in Talmer Bancorp Inc. (NASDAQ:TLMR) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,418 shares of the financial services provider’s stock after buying an additional 730 shares during the period. Rhumbline Advisers owned 0.12% of Talmer Bancorp worth $1,474,000 at the end of the most recent reporting period.
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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