Insider Buying: Talmer Bancorp Director Purchases 2,000 Shares of Stock (TLMR)
Talmer Bancorp (NASDAQ:TLMR) Director Max A. Berlin bought 2,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was purchased at an average cost of $14.14 per share, with a total value of $28,280.00. Following the transaction, the director now directly owns 219,244 shares in the company, valued at approximately $3,100,110. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Talmer Bancorp (NASDAQ:TLMR) opened at 14.25 on Friday. 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 $13.76 and a 200-day moving average of $13.77. The company has a market cap of $1.004 billion and a price-to-earnings ratio of 12.76.
Talmer Bancorp (NASDAQ:TLMR) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the 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. Investors 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 given a buy rating and one has assigned a strong buy rating to the company. The company currently 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.
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