Clover Partners L.P. lessened its holdings in SI Financial Group, Inc. (NASDAQ:SIFI) by 62.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 323,883 shares of the savings and loans company’s stock after selling 527,979 shares during the period. SI Financial Group comprises about 4.5% of Clover Partners L.P.’s portfolio, making the stock its 6th largest holding. Clover Partners L.P. owned 2.65% of SI Financial Group worth $4,761,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in SIFI. Northern Trust Corp increased its stake in shares of SI Financial Group by 10.5% in the 2nd quarter. Northern Trust Corp now owns 128,305 shares of the savings and loans company’s stock valued at $2,066,000 after purchasing an additional 12,156 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in SI Financial Group by 12.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 288,445 shares of the savings and loans company’s stock worth $4,644,000 after buying an additional 33,054 shares in the last quarter. State Street Corp increased its stake in SI Financial Group by 8.7% during the 2nd quarter. State Street Corp now owns 181,801 shares of the savings and loans company’s stock worth $2,927,000 after buying an additional 14,569 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in SI Financial Group by 46.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,601 shares of the savings and loans company’s stock worth $203,000 after buying an additional 3,995 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in SI Financial Group by 9.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 48,305 shares of the savings and loans company’s stock worth $722,000 after buying an additional 3,974 shares in the last quarter. Hedge funds and other institutional investors own 56.33% of the company’s stock.
In other SI Financial Group news, insider Rheo A. Brouillard sold 2,652 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $14.12, for a total transaction of $37,446.24. Following the completion of the sale, the insider now directly owns 46,877 shares in the company, valued at approximately $661,903.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Rheo A. Brouillard sold 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $14.56, for a total value of $52,416.00. Following the sale, the insider now owns 50,268 shares of the company’s stock, valued at $731,902.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,132 shares of company stock valued at $188,383. 4.88% of the stock is owned by company insiders.
SI Financial Group (NASDAQ:SIFI) last posted its quarterly earnings data on Wednesday, February 28th. The savings and loans company reported $0.20 EPS for the quarter. SI Financial Group had a return on equity of 5.46% and a net margin of 8.05%. The company had revenue of $13.36 million during the quarter.
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Monday, February 5th were paid a dividend of $0.06 per share. This is a positive change from SI Financial Group’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Friday, February 2nd. SI Financial Group’s payout ratio is 54.55%.
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SI Financial Group Company Profile
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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