Talmer Bancorp Inc. (TLMR) Sees Strong Trading Volume
Shares of Talmer Bancorp Inc. (NASDAQ:TLMR) saw unusually-strong trading volume on Tuesday . Approximately 645,389 shares were traded during mid-day 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.
Several research analysts have recently weighed in on TLMR shares. Zacks Investment Research raised shares of Talmer Bancorp from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Saturday, April 30th. Keefe, Bruyette & Woods upped their price target 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 stock has a market cap of $1.55 billion and a price-to-earnings ratio of 22.32. The company’s 50-day moving average price is $21.09 and its 200-day moving average price is $19.16.
The business also recently announced 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 0.87%. The ex-dividend date of this dividend was Wednesday, July 20th.
In other news, insider Kathleen S. Wendt sold 10,976 shares of Talmer Bancorp stock in a transaction 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 transaction, the insider now owns 40,983 shares in the company, valued at approximately $920,068.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gregory R. Bixby sold 4,479 shares of Talmer Bancorp stock in a transaction on Monday, August 15th. The stock was sold at an average price of $22.31, for a total transaction of $99,926.49. Following the transaction, the insider now owns 24,000 shares in the company, 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 stake in Talmer Bancorp Inc. (NASDAQ:TLMR) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 1.33% of Talmer Bancorp worth $15,874,000 at the end of the most recent 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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