Insider Selling: Talmer Bancorp Chairman Unloads 25,000 Shares of Stock (TLMR)
Talmer Bancorp (NASDAQ:TLMR) Chairman Gary S. Collins sold 25,000 shares of Talmer Bancorp stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $14.34, for a total value of $358,500.00. Following the completion of the transaction, the chairman now directly owns 118,780 shares in the company, valued at approximately $1,703,305. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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 given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $16.33.
Shares of Talmer Bancorp (NASDAQ:TLMR) traded up 0.42% during mid-day trading on Thursday, hitting $14.41. 447,638 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 $13.82 and its 200-day moving average is $13.78. The company has a market cap of $1.015 billion and a P/E ratio of 13.00.
Talmer Bancorp (NASDAQ:TLMR) last announced its 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 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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