Northern Trust Corp Has $1.83 Million Stake in SI Financial Group, Inc. (SIFI)

Northern Trust Corp decreased its position in shares of SI Financial Group, Inc. (NASDAQ:SIFI) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 123,720 shares of the savings and loans company’s stock after selling 6,068 shares during the quarter. Northern Trust Corp owned about 1.03% of SI Financial Group worth $1,825,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in shares of SI Financial Group by 16.4% during the second quarter. Bank of New York Mellon Corp now owns 57,637 shares of the savings and loans company’s stock valued at $850,000 after acquiring an additional 8,122 shares during the period. Teton Advisors Inc. acquired a new position in shares of SI Financial Group during the second quarter valued at $153,000. Rhumbline Advisers acquired a new position in shares of SI Financial Group during the second quarter valued at $162,000. Dimensional Fund Advisors LP boosted its holdings in shares of SI Financial Group by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 409,433 shares of the savings and loans company’s stock valued at $6,039,000 after acquiring an additional 40,133 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of SI Financial Group by 7.8% during the second quarter. BlackRock Inc. now owns 719,022 shares of the savings and loans company’s stock valued at $10,605,000 after acquiring an additional 52,225 shares during the period. 56.65% of the stock is owned by institutional investors.

Separately, TheStreet downgraded shares of SI Financial Group from a “b-” rating to a “c+” rating in a report on Friday, August 24th.

SIFI stock opened at $13.61 on Friday. The stock has a market capitalization of $165.82 million, a P/E ratio of 15.66 and a beta of 0.33. SI Financial Group, Inc. has a fifty-two week low of $12.64 and a fifty-two week high of $15.60. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.07 and a quick ratio of 1.07.

SI Financial Group (NASDAQ:SIFI) last posted its quarterly earnings data on Wednesday, October 24th. The savings and loans company reported $0.23 earnings per share for the quarter. The business had revenue of $14.38 million during the quarter. SI Financial Group had a net margin of 9.64% and a return on equity of 6.20%.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 26th. Investors of record on Monday, November 5th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.76%. The ex-dividend date was Friday, November 2nd.

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About SI Financial Group

SI Financial Group, Inc operates as the holding company for Savings Institute Bank and Trust Company that provides various financial services to consumers and businesses. Its deposit products include noninterest-bearing demand accounts, such as checking accounts; and interest-bearing accounts, including NOW and money market accounts, regular savings accounts, and certificates of deposit.

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Institutional Ownership by Quarter for SI Financial Group (NASDAQ:SIFI)

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