Talmer Bancorp (NASDAQ:TLMR) has shown a drop of 10.8% or 111,042 shares in the short positions. The bets have increased to 918,016 shares on June 15,2016 from 1,029,058 shares on May 31,2016. With respect to the floated shares, the shorts are 1.4%. The days to cover are calculated to be 4, using the standard per day volume of 244,575 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Talmer Bancorp (NASDAQ:TLMR): The stock opened at $19.23 on Friday but the bulls could not build on the opening and the stock topped out at $19.43 for the day. The stock traded down to $18.77 during the day, due to lack of any buying support eventually closed down at $18.83 with a loss of -6.13% for the day. The stock had closed at $20.06 on the previous day. The total traded volume was 2,528,125 shares.
The company shares have rallied 11.88% from its 1 Year high price. On Jun 6, 2016, the shares registered one year high at $20.50 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $19.62 and the 200 Day Moving Average price is recorded at $18.03.
Talmer Bancorp (NASDAQ:TLMR) has tumbled 2.33% during the past week and has dropped 5.85% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.71%. Talmer Bancorp (NASDAQ:TLMR) has underperformed the index by 3% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.