Talmer Bancorp Inc (NASDAQ:TLMR), watched as a high level insider executed a transaction that began last week and was officially filed today, September 2nd. Vice Chairman Gary S. Collins sold 27,296 shares of common stock at average prices ranging from $14.28 to $14.40 per share. This was just the latest in a streak of like moves for Collins, as he sold 25,000 shares in a separate transaction as recently as last week. Following this move by Collins, he now holds a total of 93,780 shares directly while having 22,912 shares invested indirectly in the corporation.
Moreover, Talmer Bancorp Inc (NASDAQ:TLMR) is a $1.01 billion market cap bank holding company. In addition, 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, farmland and agricultural production loans, home equity loans, consumer loans and a variety of commercial and consumer demand, savings and time deposit products.
Finally, as its a holding company, there are no major hedge funds involved with Talmer Bancorp Inc at this time.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.