Last $11.59 USD
Change Today -0.17 / -1.45%
Volume 5.2K
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

si financial group inc (SIFI) Snapshot

Open
$11.56
Previous Close
$11.76
Day High
$11.59
Day Low
$11.51
52 Week High
12/6/13 - $12.16
52 Week Low
06/20/13 - $10.34
Market Cap
148.3M
Average Volume 10 Days
16.3K
EPS TTM
$0.05
Shares Outstanding
12.8M
EX-Date
01/30/14
P/E TM
231.8x
Dividend
$0.12
Dividend Yield
1.04%
Current Stock Chart for SI FINANCIAL GROUP INC (SIFI)

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si financial group inc (SIFI) Details

SI Financial Group, Inc. operates as the bank holding company for Savings Institute Bank and Trust Company that provides various financial services to individuals, businesses, and municipalities primarily in Windham, New London, Tolland, Hartford, and Middlesex counties in Connecticut. 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. The company’s loan portfolio comprises one-to four-family residential mortgage loans, multi-family and commercial real estate loans, construction and land loans, and commercial business loans. It also offers consumer loans, such as home equity lines of credit; unsecured loans; and loans secured by marketable securities, passbook or certificate accounts, motorcycles, automobiles, and recreational vehicles. In addition, the company offers fiduciary, investment management, and retirement services to individuals, partnerships, corporations, and institutions, as well as acts as guardian, conservator, executor, or trustee under various trusts, wills, and other agreements. As of March 5, 2013, it operated 20 branch locations. The company was founded in 1842 and is headquartered in Willimantic, Connecticut.

268 Employees
Last Reported Date: 03/13/14
Founded in 1842

si financial group inc (SIFI) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $335.0K
Chief Operating Officer, Chief Financial Offi...
Total Annual Compensation: $225.5K
Senior Vice President, Director of Human Reso...
Total Annual Compensation: $150.0K
Compensation as of Fiscal Year 2012.

si financial group inc (SIFI) Key Developments

SI Financial Group Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2013

SI Financial Group Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company announced interest and dividend income of $12,184,000 compared to $8,863,000 for the same period a year ago. Net interest income was $10,087,000 compared to $6,541,000 for the same period a year ago. Income before income taxes was $1,448,000 compared to $955,000 for the same period a year ago. Net income was $1,024,000 or $0.08 per basic and diluted share compared to $745,000 or $0.08 per basic and diluted share for the same period a year ago. Return on average assets was 0.30% compared to 0.31% for the same period a year ago. Return on average equity was 2.63% compared to 2.32% for the same period a year ago. For the full year, the company announced interest and dividend income of $38,192,000 compared to $35,824,000 for the same period a year ago. Net interest income was $29,738,000 compared to $26,191,000 for the same period a year ago. Loss before income taxes was $953,000 compared to income before income taxes of $1,359,000 for the same period a year ago. Net loss was $855,000 or $0.08 per basic and diluted share compared to net income of $1,118,000 or $0.11 per basic and diluted share for the same period a year ago. Loss on average assets was 0.08% compared to return on average assets of 0.12% for the same period a year ago. Loss on average equity was 0.63% compared to return on average equity of 0.86% for the same period a year ago. Book value per share at the end of the period was $11.94 compared to $12.44 for the same period a year ago. Tangible book value per share at the end of the period was $10.41 compared to $12.09 for the same period a year ago. The net loss for the year ended December 31, 2013 was primarily due to $2.6 million in pre-tax costs associated with the September 6, 2013 acquisition of Newport Bancorp Inc. Net interest income increased due to an increase in the average balance of loans outstanding and a lower cost of funds versus the comparable periods in 2012. For the fourth quarter ended December 31, 2013, the company announced net loan charge-offs were $92,000, consisting primarily of residential mortgage loan charge-offs compared to $85,000 for the quarter ended December 31, 2012.

SI Financial Group Inc. Announces Cash Dividend, Payable on or About February 24, 2014

The board of directors of SI Financial Group Inc. has declared a cash dividend on the company's outstanding shares of common stock. The dividend of $0.03 per share will be paid on or about February 24, 2014 to stockholders of record as of the close of business on February 3, 2014.

SI Financial Group Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

SI Financial Group Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported interest and dividend income of $9,151,000 against $8,862,000 a year ago. Net interest income was $7,087,000 against $6,494,000 a year ago. Loss before income taxes was $2,497,000 against $1,016,000 a year ago. Net loss was $1,742,000 against $700,000 a year ago. Basic and diluted loss per share was $0.17 against $0.07 a year ago. Negative return on average assets was 0.65% against 0.29% a year ago. Negative return on average equity was 5.00% against 2.16% a year ago. For the nine months, the company reported interest and dividend income of $26,008,000 against $26,961,000 a year ago. Net interest income was $19,651,000 against $19,650,000 a year ago. Loss before income taxes was $2,401,000 against income before income before income tax of $404,000 a year ago. Net loss was $1,879,000 against net income of $373,000 a year ago. Basic and diluted loss per share was $0.19 against basic and diluted earnings per share of $0.04 a year ago. Negative return on average assets was 0.25% against return on average assets of 0.05% a year ago. Negative return on average equity was 1.93% against return on average equity of 0.38% a year ago. Book value per share was $11.93 against $12.59 a year ago. Tangible book value per share was $10.35 against $12.25 a year ago.

 

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SIFI Competitors

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First Capital Inc $20.75 USD 0.00
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Industry Analysis

SIFI

Industry Average

Valuation SIFI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.9x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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