Insider Selling: Gary S. Collins Unloads 28,592 Shares of Talmer Bancorp Stock (TLMR)
Talmer Bancorp (NASDAQ:TLMR) Chairman Gary S. Collins unloaded 28,592 shares of Talmer Bancorp stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $14.36, for a total value of $410,581.12. Following the transaction, the chairman now directly owns 93,780 shares of the company’s stock, valued at approximately $1,346,681. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Talmer Bancorp currently has an average rating of “Buy” and a consensus target price of $16.33.
Shares of Talmer Bancorp (NASDAQ:TLMR) traded up 1.30% on Tuesday, hitting $14.85. 323,914 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 $13.89 and its 200-day moving average is $13.80. The company has a market cap of $1.046 billion and a price-to-earnings ratio of 13.28.
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 Thomson Reuters consensus estimate of $0.13 by $0.14. Analysts expect that Talmer Bancorp will post $1.17 EPS for the current fiscal year.
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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