Keefe, Bruyette & Woods upgraded shares of Talmer Bancorp Inc (NASDAQ:TLMR) from a market perform rating to an outperform rating in a research note published on Wednesday morning, The Fly reports. Keefe, Bruyette & Woods currently has $20.00 target price on the financial services provider’s stock, up from their prior target price of $19.50.

Other hedge funds have made changes to their positions in the company. Numeric Investors LLC acquired a new stake in shares of Talmer Bancorp during the fourth quarter valued at $4,029,000. California State Teachers Retirement System increased its stake in shares of Talmer Bancorp by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 94,267 shares of the financial services provider’s stock valued at $1,707,000 after buying an additional 1,470 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Talmer Bancorp by 130.3% in the fourth quarter. Nationwide Fund Advisors now owns 164,130 shares of the financial services provider’s stock valued at $2,972,000 after buying an additional 92,864 shares in the last quarter. FirstMerit Bank acquired a new stake in shares of Talmer Bancorp during the fourth quarter valued at $315,000. Finally, Capstone Asset Management Company increased its stake in shares of Talmer Bancorp by 42.1% in the fourth quarter. Capstone Asset Management Company now owns 20,790 shares of the financial services provider’s stock valued at $377,000 after buying an additional 6,160 shares in the last quarter.

TLMR has been the subject of a number of other reports. Raymond James upped their target price on Talmer Bancorp from $20.00 to $21.00 and gave the company a strong-buy rating in a research report on Friday, December 4th. Zacks Investment Research upgraded Talmer Bancorp from a hold rating to a buy rating and set a $18.00 target price for the company in a research report on Tuesday, September 29th. Finally, RBC Capital downgraded Talmer Bancorp from an outperform rating to a sector perform rating and cut their target price for the company from $21.00 to $16.00 in a research report on Wednesday, January 27th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Talmer Bancorp presently has an average rating of Hold and an average target price of $19.50.

Shares of Talmer Bancorp (NASDAQ:TLMR) traded up 0.62% during mid-day trading on Wednesday, reaching $16.16. The company had a trading volume of 805,331 shares. The firm’s 50-day moving average price is $17.04 and its 200 day moving average price is $16.87. The company has a market cap of $1.07 billion and a price-to-earnings ratio of 19.95. Talmer Bancorp has a 52-week low of $13.40 and a 52-week high of $18.71.

Talmer Bancorp (NASDAQ:TLMR) last released its earnings results on Tuesday, January 26th. The financial services provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.04. During the same quarter in the previous year, the company posted $0.16 earnings per share. Equities analysts expect that Talmer Bancorp will post $1.23 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 18th. Investors of record on Thursday, February 4th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, February 2nd. This represents a $0.20 annualized dividend and a dividend yield of 1.24%. This is a positive change from Talmer Bancorp’s previous quarterly dividend of $0.01.

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.

12 Month Chart for NASDAQ:TLMR

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