Talmer Bancorp CFO Buys $35,025 in Stock (TLMR)
Talmer Bancorp (NASDAQ:TLMR) CFO Dennis L. Klaeser bought 2,500 shares of the stock on the open market in a transaction dated Monday, August 18th. The shares were purchased at an average price of $14.01 per share, for a total transaction of $35,025.00. Following the transaction, the chief financial officer now directly owns 57,550 shares in the company, valued at approximately $806,276. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Talmer Bancorp (NASDAQ:TLMR) traded up 1.15% during mid-day trading on Monday, hitting $14.09. The stock had a trading volume of 163,693 shares. Talmer Bancorp has a 52 week low of $13.00 and a 52 week high of $15.42. The stock has a 50-day moving average of $13.73 and a 200-day moving average of $13.75. The company has a market cap of $992.7 million and a price-to-earnings ratio of 12.62.
Talmer Bancorp (NASDAQ:TLMR) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters 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 declared a special dividend, which is scheduled for Friday, August 29th. Investors 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.
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 analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s 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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