Keefe Bruyette & Woods Maintains Talmer Bancorp Inc to Outperform with Price Target $23.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Talmer Bancorp Inc(NASDAQ:TLMR). In a research note issued to the investors, the brokerage major Raises the price-target to $23.00 per share. The shares have been rated Outperform. The rating by Keefe Bruyette & Woods was issued on Jul 28, 2016.

Talmer Bancorp Inc (TLMR) shares turned negative on Thursdays trading session with the shares closing down -0.02 points or -0.09% at a volume of 3,15,698. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $21.32. The peak price level was also seen at $21.32 while the days lowest was $21. Finally the shares closed at $21.16. The 52-week high of the shares is $21.32 while the 52-week low is $14.51. According to the latest information available, the market cap of the company is $1,420 M.

Talmer Bancorp Inc(TLMR) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $74.63M. Analysts had an estimated revenue of $78.70M. Earnings per share were $0.28. Analysts had estimated an EPS of $0.31.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Paul E. Iii Hodges (director) sold 1,100 shares at $20.00 per share price.Also, On Jun 2, 2016, James T. Dunn (Chief Legal Counsel) sold 39,412 shares at $19.90 per share price.On Feb 10, 2016, Gary Torgow (CHAIRMAN) purchased 1,800 shares at $15.71 per share price, according to the Form-4 filing with the securities and exchange commission.

Talmer Bancorp Inc. is a bank holding company. The Company operates through its wholly owned subsidiaries Talmer Bank and Trust Talmer West Bank and First Place Holdings. The Company is a full service community bank offering commercial and retail banking mortgage banking wealth management and trust services to small and medium-sized businesses and individuals within its geographic footprint. Its product line includes loans to small and medium-sized businesses residential mortgage loans commercial real estate loans residential and commercial construction and development loans consumer loans home equity loans agricultural loans and a variety of commercial and consumer demand savings and time deposit products. Substantially all loans are secured by specific items of collateral including business assets consumer assets and commercial and residential real estate. The Company also engages in mortgage banking activities.

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