Insider Selling: SI Financial Group, Inc. (SIFI) CEO Sells 2,532 Shares of Stock

SI Financial Group, Inc. (NASDAQ:SIFI) CEO Rheo A. Brouillard sold 2,532 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $14.13, for a total transaction of $35,777.16. Following the completion of the sale, the chief executive officer now directly owns 46,877 shares in the company, valued at $662,372.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of SI Financial Group, Inc. (NASDAQ:SIFI) traded down $0.20 on Tuesday, reaching $13.90. 12,400 shares of the company traded hands, compared to its average volume of 10,456. SI Financial Group, Inc. has a 1 year low of $13.50 and a 1 year high of $16.45. The stock has a market cap of $172.08, a P/E ratio of 12.41 and a beta of 0.28. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.07 and a current ratio of 1.07.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Monday, February 5th will be paid a dividend of $0.06 per share. This is an increase from SI Financial Group’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.73%. The ex-dividend date is Friday, February 2nd. SI Financial Group’s dividend payout ratio is presently 21.43%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its holdings in 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 worth $714,000 after acquiring an additional 473 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of SI Financial Group by 7.1% in the 4th quarter. Acadian Asset Management LLC now owns 57,435 shares of the savings and loans company’s stock valued at $844,000 after buying an additional 3,792 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of SI Financial Group by 46.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,601 shares of the savings and loans company’s stock valued at $203,000 after buying an additional 3,995 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of SI Financial Group by 38.0% in the 4th quarter. Wells Fargo & Company MN now owns 16,700 shares of the savings and loans company’s stock valued at $245,000 after buying an additional 4,598 shares in the last quarter. Finally, Foundry Partners LLC boosted its holdings in shares of SI Financial Group by 5.4% in the 3rd quarter. Foundry Partners LLC now owns 137,595 shares of the savings and loans company’s stock valued at $2,057,000 after buying an additional 7,024 shares in the last quarter. Institutional investors own 59.56% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for SI Financial Group (NASDAQ:SIFI)

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