BlackRock Inc. boosted its stake in SI Financial Group, Inc. (NASDAQ:SIFI) by 7.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 719,022 shares of the savings and loans company’s stock after buying an additional 52,225 shares during the period. BlackRock Inc. owned approximately 5.87% of SI Financial Group worth $10,605,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its holdings in shares of SI Financial Group by 44.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 19,600 shares of the savings and loans company’s stock valued at $283,000 after purchasing an additional 6,000 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of SI Financial Group by 8.0% during the first quarter. Dimensional Fund Advisors LP now owns 369,300 shares of the savings and loans company’s stock valued at $5,318,000 after purchasing an additional 27,222 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of SI Financial Group during the second quarter valued at about $120,000. Beese Fulmer Investment Management Inc. acquired a new position in shares of SI Financial Group during the second quarter valued at about $299,000. Finally, Rhumbline Advisers acquired a new position in shares of SI Financial Group during the second quarter valued at about $162,000. Hedge funds and other institutional investors own 56.13% of the company’s stock.
Separately, TheStreet lowered shares of SI Financial Group from a “b-” rating to a “c+” rating in a report on Friday, August 24th.
Shares of NASDAQ SIFI opened at $13.34 on Friday. SI Financial Group, Inc. has a 1-year low of $12.64 and a 1-year high of $15.60. The stock has a market cap of $160.52 million, a PE ratio of 15.16 and a beta of 0.33. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05.
SI Financial Group (NASDAQ:SIFI) last announced its quarterly earnings data on Wednesday, October 24th. The savings and loans company reported $0.23 earnings per share for the quarter. SI Financial Group had a net margin of 9.64% and a return on equity of 6.21%. The firm had revenue of $14.38 million for the quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 26th. Stockholders of record on Monday, November 5th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, November 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.80%.
SI Financial Group Profile
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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