Talmer Bancorp Inc. (TLMR) Sees Large Volume Increase
Talmer Bancorp Inc. (NASDAQ:TLMR) saw unusually-high trading volume on Tuesday . Approximately 645,389 shares traded hands during trading, an increase of 74% from the previous session’s volume of 370,891 shares.The stock last traded at $23.50 and had previously closed at $22.94.
TLMR has been the subject of a number of analyst 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 research note on Saturday, April 30th. Keefe, Bruyette & Woods increased their price objective on Talmer Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, July 28th.
The firm has a market capitalization of $1.56 billion and a P/E ratio of 22.55. The company has a 50 day moving average price of $20.97 and a 200 day moving average price of $19.13.
The business also recently announced 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. This represents a $0.20 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Wednesday, July 20th.
In related news, insider Kathleen S. Wendt sold 10,976 shares of the business’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $22.45, for a total transaction of $246,411.20. Following the completion of the transaction, the insider now owns 40,983 shares in the company, valued at approximately $920,068.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gregory R. Bixby sold 4,479 shares of the business’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 transaction, the insider now owns 24,000 shares of the company’s stock, valued at approximately $535,440. The disclosure for this sale can be found here.
A hedge fund recently raised its stake 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 about 1.33% of Talmer Bancorp worth $15,874,000 as of its most recent filing with the SEC.
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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