Bank of New York Mellon Corp boosted its holdings in shares of SI Financial Group, Inc. (NASDAQ:SIFI) by 9.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,305 shares of the savings and loans company’s stock after purchasing an additional 3,974 shares during the period. Bank of New York Mellon Corp owned approximately 0.40% of SI Financial Group worth $722,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SIFI. Rhumbline Advisers acquired a new stake in SI Financial Group during the second quarter valued at approximately $199,000. Northern Trust Corp lifted its stake in SI Financial Group by 10.5% during the second 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 during the last quarter. Dimensional Fund Advisors LP lifted its stake in SI Financial Group by 12.9% during the second quarter. Dimensional Fund Advisors LP now owns 288,445 shares of the savings and loans company’s stock valued at $4,644,000 after purchasing an additional 33,054 shares during the last quarter. ELCO Management Co. LLC acquired a new stake in SI Financial Group during the second quarter valued at approximately $1,530,000. Finally, Cornerstone Capital Management Holdings LLC. lifted its stake in SI Financial Group by 1,162.5% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 10,100 shares of the savings and loans company’s stock valued at $162,000 after purchasing an additional 9,300 shares during the last quarter. 59.92% of the stock is owned by institutional investors and hedge funds.

Shares of SI Financial Group, Inc. (SIFI) opened at $14.95 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04. The company has a market cap of $180.62, a P/E ratio of 13.35 and a beta of 0.31. SI Financial Group, Inc. has a one year low of $13.50 and a one year high of $16.45.

SI Financial Group (NASDAQ:SIFI) last issued its quarterly earnings results on Wednesday, October 25th. The savings and loans company reported $0.19 EPS for the quarter. The business had revenue of $13.38 million during the quarter. SI Financial Group had a net margin of 18.57% and a return on equity of 7.92%.

In related news, insider Rheo A. Brouillard sold 3,600 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $14.74, for a total value of $53,064.00. Following the completion of the sale, the insider now owns 51,654 shares in the company, valued at approximately $761,379.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rheo A. Brouillard sold 2,325 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $14.66, for a total transaction of $34,084.50. Following the completion of the sale, the chief executive officer now owns 58,068 shares of the company’s stock, valued at approximately $851,276.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,525 shares of company stock valued at $139,565. 4.88% of the stock is owned by insiders.

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SI Financial Group 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.

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

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