Talmer Bancorp Director Sells $689,000 in Stock (TLMR)
Talmer Bancorp (NASDAQ:TLMR) Director Paul E. Hodges III sold 50,000 shares of the stock on the open market in a transaction dated Thursday, August 14th. The stock was sold at an average price of $13.78, for a total transaction of $689,000.00. Following the transaction, the director now directly owns 138,557 shares in the company, valued at approximately $1,909,315. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Talmer Bancorp (NASDAQ:TLMR) traded up 1.31% on Friday, hitting $13.93. 628,467 shares of the company’s stock traded hands. Talmer Bancorp has a 1-year low of $13.00 and a 1-year high of $15.42. The stock’s 50-day moving average is $13.73 and its 200-day moving average is $13.75. The company has a market cap of $981.4 million and a price-to-earnings ratio of 12.45.
Talmer Bancorp (NASDAQ:TLMR) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.27 EPS for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.14. On average, analysts predict that Talmer Bancorp will post $1.18 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, August 14th.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Talmer Bancorp from $16.00 to $17.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Talmer Bancorp presently has a consensus rating of “Buy” and an average target price of $16.33.
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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