Cornerstone Capital Management Holdings LLC. lifted its stake in shares of SI Financial Group, Inc. (NASDAQ:SIFI) by 1,162.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,100 shares of the savings and loans company’s stock after acquiring an additional 9,300 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.09% of SI Financial Group worth $162,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in SIFI. FNY Partners Fund LP bought a new position in shares of SI Financial Group during the 2nd quarter valued at approximately $157,000. Spark Investment Management LLC bought a new position in shares of SI Financial Group during the 2nd quarter valued at approximately $169,000. Rhumbline Advisers bought a new position in shares of SI Financial Group during the 2nd quarter valued at approximately $199,000. Bank of New York Mellon Corp grew its stake in shares of SI Financial Group by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 44,331 shares of the savings and loans company’s stock valued at $714,000 after acquiring an additional 473 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of SI Financial Group by 5.6% during the 2nd quarter. Acadian Asset Management LLC now owns 48,071 shares of the savings and loans company’s stock valued at $775,000 after acquiring an additional 2,548 shares during the period. Institutional investors own 58.86% of the company’s stock.
In other news, insider Rheo A. Brouillard sold 6,933 shares of SI Financial Group stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $14.58, for a total value of $101,083.14. Following the sale, the insider now directly owns 66,126 shares of the company’s stock, valued at $964,117.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rheo A. Brouillard sold 2,080 shares of SI Financial Group stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $15.20, for a total value of $31,616.00. Following the completion of the sale, the insider now directly owns 68,913 shares in the company, valued at $1,047,477.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,303 shares of company stock worth $213,323. 4.88% of the stock is owned by corporate insiders.
SI Financial Group, Inc. (NASDAQ:SIFI) opened at 15.10 on Tuesday. The company’s 50 day moving average price is $15.07 and its 200-day moving average price is $15.14. The company has a market capitalization of $178.89 million, a P/E ratio of 14.39 and a beta of 0.35. SI Financial Group, Inc. has a 52 week low of $12.30 and a 52 week high of $16.45.
SI Financial Group (NASDAQ:SIFI) last issued its quarterly earnings data on Wednesday, October 25th. The savings and loans company reported $0.19 EPS for the quarter. SI Financial Group had a return on equity of 7.98% and a net margin of 18.57%. The company had revenue of $13.38 million for the quarter. Equities research analysts expect that SI Financial Group, Inc. will post $0.23 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 6th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Friday, November 3rd. SI Financial Group’s payout ratio is currently 17.86%.
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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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