Trading volume for SI Financial Group, Inc. was 46K on Tuesday. Shares saw a steep increase in trading volume of 301.56% over the normal average daily volume.
Traders are more bullish on SI Financial Group, Inc. of late if you take a look at the motion in short interest. The company saw a fall in short interest from September 29, 2017 to October 13, 2017 of -14.57%. Short shares fell 10,502 over that period. With short interest at 61,558 and short average daily volume at 12,413, the short-interest ratio is 5.0 and the percentage of shorted shares was 0.01% on October 13.
Here is a rundown on some insider market activity for SI Financial Group, Inc. (NASDAQ:SIFI). Rheo A. Brouillard, President and CEO let go of $3,930 worth of shares at an average price of $14.50 on Tue the 5th. That brings Brouillard’s holdings to $864,621 as recorded in a recent Form 4 SEC filing.
Here are a few substantial investment firms who have updated their positions. Tower Research Capital LLC (trc) trimmed its position by selling 419 shares a decrease of 41.2%. Tower Research Capital LLC (trc) owns 598 shares worth $10,000. The total value of its holdings decreased 37.5%. As of the end of the quarter Acadian Asset Management LLC had acquired 5,572 shares growing its position 11.6%. The value of the investment in SIFI increased from $775,000 to $802,000 a change of 3.5% since the last quarter.
Meeder Asset Management Inc bolstered its ownership by buying 299 shares an increase of 151.0% from 06/30/2017 to 09/30/2017. Meeder Asset Management Inc now controls 497 shares valued at $7,000. The value of the position overall is up by 133.3%. Thomson Horstmann & Bryant Inc divested its investment by selling 77,154 shares a decrease of 9.8% as of 09/30/2017. Thomson Horstmann & Bryant Inc currently owns 706,909 shares with a value of $10,568,000. The total value of its holdings decreased 16.3%.
The company is trading down from yesterday’s close of $15.00. The company recently declared a dividend which will be paid on Monday the 27th of November 2017. The dividend payment will be $0.050 per share for the quarter which is $0.20 annualized. The dividend yield will be $1.31. The ex-dividend date is set for Thursday the 3rd of August 2017.
It is currently trading at $15.00 which is a tad under $15.09, the 50 day moving average and which is marginally under the 200 day moving average of $15.14. The 50 day moving average went down by -0.62% and the 200 day average went down $-0.14 or -0.93%.
SI Financial Group, Inc. currently has a P/E ratio of 14.30 and the market cap of the company is 177.71M.
SI Financial Group, Inc., launched on September 7, 2010, 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. The Bank accepts deposits from the general public and uses those funds to originate one- to four-family residential, multi-family and commercial real estate, commercial business (including time share lending and loans to condominium associations) and consumer loans. The Bank also purchases commercial business loans, including loans fully guaranteed by the Small Business Administration (SBA) and the United States Department of Agriculture (USDA). The Bank sells certain fixed-rate one- to four-family residential conforming loans it originates in the secondary market with the servicing retained. The remainder of the Bank’s loan portfolio is originated for investment..