Insider Buying: Max A. Berlin Acquires 1,000 Shares of Talmer Bancorp Stock (TLMR)
Talmer Bancorp (NASDAQ:TLMR) Director Max A. Berlin bought 1,000 shares of Talmer Bancorp stock on the open market in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average cost of $11.60 per share, with a total value of $11,600.00. Following the completion of the purchase, the director now directly owns 215,344 shares of the company’s stock, valued at approximately $2,497,990. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Talmer Bancorp (NASDAQ:TLMR) traded up 0.30% during mid-day trading on Thursday, hitting $13.34. The stock had a trading volume of 69,777 shares. Talmer Bancorp has a 1-year low of $13.05 and a 1-year high of $15.42. The stock has a 50-day moving average of $13.72 and a 200-day moving average of $13.72. The company has a market cap of $933.3 million and a price-to-earnings ratio of 13.38.
Talmer Bancorp (NASDAQ:TLMR) last released its earnings data on Thursday, May 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.13. On average, analysts predict that Talmer Bancorp will post $0.56 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on TLMR shares. Analysts at Needham & Company LLC initiated coverage on shares of Talmer Bancorp in a research note on Monday, March 10th. They set a “buy” rating on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of Talmer Bancorp in a research note on Monday, March 10th. They set a “neutral” rating on the stock. Finally, analysts at Sterne Agee initiated coverage on shares of Talmer Bancorp in a research note on Monday, March 10th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $16.00.
Talmer Bancorp, Inc is a bank holding company. The Company owns three subsidiary banks, Talmer Bank and Trust and Talmer West Bank, which are Michigan state chartered banks, and First Place Bank, which is a federal savings association.
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