Jacobs Asset Management buys $24.6 Million stake in Talmer Bancorp Inc (TLMR)

Talmer Bancorp Inc (TLMR) : Jacobs Asset Management scooped up 31,934 additional shares in Talmer Bancorp Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,292,662 shares of Talmer Bancorp Inc which is valued at $24.6 Million.Talmer Bancorp Inc makes up approximately 6.69% of Jacobs Asset Management’s portfolio.

Other Hedge Funds, Including , Laurion Capital Management Lp added TLMR to its portfolio by purchasing 16,700 company shares during the most recent quarter which is valued at $317,634. Talmer Bancorp Inc makes up approx 0.03% of Laurion Capital Management Lp’s portfolio.Snyder Capital Management L P boosted its stake in TLMR in the latest quarter, The investment management firm added 317,494 additional shares and now holds a total of 553,527 shares of Talmer Bancorp Inc which is valued at $10.5 Million. Talmer Bancorp Inc makes up approx 0.71% of Snyder Capital Management L P’s portfolio.Teacher Retirement System Of Texas boosted its stake in TLMR in the latest quarter, The investment management firm added 2,101 additional shares and now holds a total of 8,179 shares of Talmer Bancorp Inc which is valued at $155,565. Mendon Capital Advisors Corp sold out all of its stake in TLMR during the most recent quarter. The investment firm sold 215,940 shares of TLMR which is valued $4.1 Million.

Talmer Bancorp Inc opened for trading at $19.87 and hit $20.22 on the upside on Wednesday, eventually ending the session at $20.14, with a gain of 1.61% or 0.32 points. The heightened volatility saw the trading volume jump to 4,50,479 shares. Company has a market cap of $1,351 M.

On the company’s financial health, Talmer Bancorp Inc reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.28.Analysts expectations of $ 80.23.During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Talmer Bancorp Inc. Talmer Bancorp Inc was Upgraded by Raymond James to ” Strong Buy” on Mar 2, 2016.

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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