Talmer Bancorp Price Target Increased to $17.00 by Analysts at Keefe, Bruyette & Woods (TLMR)
Equities researchers at Keefe, Bruyette & Woods boosted their price objective on shares of Talmer Bancorp (NASDAQ:TLMR) from $16.00 to $17.00 in a research report issued on Friday. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 21.17% from the stock’s previous close.
Shares of Talmer Bancorp (NASDAQ:TLMR) opened at 14.03 on Friday. Talmer Bancorp has a 52-week low of $13.00 and a 52-week high of $15.42. The stock’s 50-day moving average is $13.71 and its 200-day moving average is $13.75. The company has a market cap of $982.4 million and a price-to-earnings ratio of 12.40.
Talmer Bancorp (NASDAQ:TLMR) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.14. Analysts expect that Talmer Bancorp will post $0.58 EPS for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Friday, August 29th. Stockholders of record on Monday, August 18th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, August 14th.
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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