Maltese Capital Management buys $13,784,598 stake in SI Financial Group (SIFI)

SI Financial Group (SIFI) : Maltese Capital Management scooped up 181,042 additional shares in SI Financial Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 1,040,347 shares of SI Financial Group which is valued at $13,784,598.SI Financial Group makes up approximately 1.64% of Maltese Capital Management’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management added SIFI to its portfolio by purchasing 34,626 company shares during the most recent quarter which is valued at $458,795.Blackrock Fund Advisors boosted its stake in SIFI in the latest quarter, The investment management firm added 260,200 additional shares and now holds a total of 298,740 shares of SI Financial Group which is valued at $3,958,305.Blackrock Institutional Trust Company N.a. boosted its stake in SIFI in the latest quarter, The investment management firm added 68,429 additional shares and now holds a total of 218,156 shares of SI Financial Group which is valued at $2,890,567.Dimensional Fund Advisors Lp boosted its stake in SIFI in the latest quarter, The investment management firm added 4,313 additional shares and now holds a total of 221,401 shares of SI Financial Group which is valued at $2,882,641.

SI Financial Group opened for trading at $13.45 and hit $13.63 on the upside on Tuesday, eventually ending the session at $13.51, with a gain of 0.15% or 0.02 points. The heightened volatility saw the trading volume jump to 10,310 shares. Company has a market cap of $165 M.

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. The Bank accepts deposits from the general public and uses those funds to originate one to four family residential mortgage loans multi-family and commercial real estate loans commercial business loans and construction 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.

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