State of New Jersey Common Pension Fund D Maintains Position in SI Financial Group, Inc. (SIFI)
State of New Jersey Common Pension Fund D continued to hold its stake in SI Financial Group, Inc. (NASDAQ:SIFI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,943 shares of the savings and loans company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D owned approximately 0.23% of SI Financial Group worth $434,000 at the end of the most recent reporting period.
Separately, Spark Investment Management LLC purchased a new position in shares of SI Financial Group during the second quarter worth $169,000. 58.89% of the stock is owned by institutional investors and hedge funds.
SI Financial Group, Inc. (NASDAQ SIFI) opened at 14.05 on Tuesday. SI Financial Group, Inc. has a 52 week low of $12.30 and a 52 week high of $16.45. The stock’s 50 day moving average price is $15.38 and its 200-day moving average price is $14.99. The company has a market cap of $166.45 million, a price-to-earnings ratio of 13.39 and a beta of 0.33.
SI Financial Group (NASDAQ:SIFI) last posted its quarterly earnings results on Wednesday, July 26th. The savings and loans company reported $0.24 EPS for the quarter. The company had revenue of $14.32 million for the quarter. SI Financial Group had a net margin of 17.81% and a return on equity of 7.64%. On average, equities research analysts forecast that SI Financial Group, Inc. will post $0.23 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Monday, August 7th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.42%. SI Financial Group’s dividend payout ratio (DPR) is presently 18.87%.
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In related news, insider Rheo A. Brouillard sold 2,080 shares of SI Financial Group stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $15.20, for a total value of $31,616.00. Following the sale, the insider now owns 68,913 shares of the company’s stock, valued at approximately $1,047,477.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 3,499 shares of company stock worth $53,194 in the last ninety days. 4.88% of the stock is currently owned by insiders.
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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