Talmer Bancorp Inc. (TLMR) Sets New 12-Month High at $22.92
Talmer Bancorp Inc. (NASDAQ:TLMR)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $22.92 and last traded at $22.87, with a volume of 33,998 shares traded. The stock had previously closed at $22.76.
A number of research firms have recently issued reports on TLMR. Zacks Investment Research raised shares of Talmer Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. Keefe, Bruyette & Woods upped their target price on shares of 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 market cap of $1.56 billion and a P/E ratio of 22.55. The firm has a 50 day moving average price of $20.97 and a 200-day moving average price of $19.13.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 22nd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, July 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.86%.
In other Talmer Bancorp news, insider Kathleen S. Wendt sold 10,976 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $22.45, for a total transaction of $246,411.20. Following the completion of the sale, the insider now directly owns 40,983 shares of the company’s stock, valued at $920,068.35. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James T. Dunn sold 39,412 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $19.90, for a total transaction of $784,298.80. Following the sale, the insider now directly owns 43,147 shares of the company’s stock, valued at $858,625.30. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Talmer Bancorp stock. Wells Fargo & Company MN raised its position in shares of Talmer Bancorp Inc. (NASDAQ:TLMR) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 876,526 shares of the financial services provider’s stock after buying an additional 42,587 shares during the period. Wells Fargo & Company MN owned approximately 1.33% of Talmer Bancorp worth $15,874,000 as of its most recent SEC filing.
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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