Stock Analysis:Talmer Bancorp (NASDAQ:TLMR) Stock Target Has Been Increased
In an analyst note announced by Raymond James on Friday morning, Talmer Bancorp (NASDAQ:TLMR) had its Estimated Target Price boosted to $21.00. The firm now has a solid Strong Buy rating on shares.
From a total of 5 analysts covering Talmer Bancorp (NASDAQ:TLMR) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. Talmer Bancorp was the topic of 4 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Zacks upgraded shares on August 5 to “Sell” rating. Stephens initiated TLMR stock in a recent report from August 4 with “Equal Weight” rating.
The stock increased 2.65% or $0.47 on December 4, striking $18.22. Approximately shares of stock traded hands. Talmer Bancorp Inc (NASDAQ:TLMR) has risen 15.76% since May 4, 2015 and is uptrending. It has outperformed by 16.83% the S&P500.
Talmer Bancorp, Inc. is a bank holding company. The company has a market cap of $1.17 billion. The Firm operates through its wholly owned subsidiaries, Talmer Bank and Trust, Talmer West Bank and First Place Holdings. It has 22.85 P/E ratio. The Firm 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.
According to Zacks Investment Research, “Talmer Bancorp, Inc. operates as a bank holding company. The Company owns three subsidiary banks, Talmer Bank and Trust and Talmer West Bank. Through its subsidiaries, it provides various commercial and retail banking products and services to small and medium-sized businesses, and individuals in the United States. The Company offers a full range of deposit services, including checking accounts, commercial accounts, savings accounts and other time deposits of various types, ranging from daily money market accounts to longer-term certificates of deposit. Talmer Bancorp, Inc. is headquartered in Troy, Michigan.” Get a free copy of the Zacks research report on Talmer Bancorp Inc (TLMR).