SI Financial Group, Inc. (NASDAQ:SIFI) CEO Rheo A. Brouillard sold 2,325 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $14.66, for a total value of $34,084.50. Following the completion of the sale, the chief executive officer now directly owns 58,068 shares in the company, valued at approximately $851,276.88. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of SI Financial Group, Inc. (NASDAQ SIFI) traded down $0.35 during midday trading on Monday, hitting $14.25. The company had a trading volume of 12,200 shares, compared to its average volume of 18,872. SI Financial Group, Inc. has a 1-year low of $13.20 and a 1-year high of $16.45. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04. The company has a market cap of $173.91, a P/E ratio of 12.72 and a beta of 0.31.
SI Financial Group (NASDAQ:SIFI) last issued its quarterly earnings results on Wednesday, October 25th. The savings and loans company reported $0.19 earnings per share (EPS) for the quarter. SI Financial Group had a return on equity of 7.92% and a net margin of 18.57%. The company had revenue of $13.38 million for the quarter.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 6th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, November 3rd. SI Financial Group’s payout ratio is 17.86%.
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Several hedge funds and other institutional investors have recently modified their holdings of SIFI. FNY Partners Fund LP acquired a new position in shares of SI Financial Group in the 2nd quarter worth $157,000. Cornerstone Capital Management Holdings LLC. grew its holdings in shares of SI Financial Group by 1,162.5% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 10,100 shares of the savings and loans company’s stock worth $162,000 after acquiring an additional 9,300 shares during the last quarter. Spark Investment Management LLC acquired a new position in shares of SI Financial Group in the 2nd quarter worth $169,000. Wells Fargo & Company MN grew its holdings in shares of SI Financial Group by 66.8% in the 3rd quarter. Wells Fargo & Company MN now owns 12,102 shares of the savings and loans company’s stock worth $181,000 after acquiring an additional 4,846 shares during the last quarter. Finally, Rhumbline Advisers acquired a new position in shares of SI Financial Group in the 2nd quarter worth $199,000. Institutional investors and hedge funds own 58.36% of the company’s stock.
About SI Financial Group
SI Financial Group, Inc is a holding company for Savings Institute Bank and Trust Company (the Bank). The Bank operates as a community-oriented financial institution offering a range of financial services to consumers and businesses in its market area, including insurance, trust and investment services.
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