Insider Buying: Talmer Bancorp CFO Buys 2,500 Shares of Stock (TLMR)
Talmer Bancorp (NASDAQ:TLMR) CFO Dennis L. Klaeser acquired 2,500 shares of Talmer Bancorp stock on the open market in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of $14.01 per share, for a total transaction of $35,025.00. Following the completion of the transaction, the chief financial officer now directly owns 57,550 shares in the company, valued at approximately $806,276. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Talmer Bancorp (NASDAQ:TLMR) opened at 14.19 on Wednesday. Talmer Bancorp has a 1-year low of $13.00 and a 1-year high of $15.42. The stock has a 50-day moving average of $13.75 and a 200-day moving average of $13.76. The company has a market cap of $999.7 million and a price-to-earnings ratio of 12.83.
Talmer Bancorp (NASDAQ:TLMR) last released its 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. On average, analysts predict that Talmer Bancorp will post $1.17 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 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 company’s stock. The stock presently has an average rating of “Buy” and a consensus price target 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.