Thomson Horstmann Bryant Inc buys $14,875,875 stake in SI Financial Group (SIFI)

SI Financial Group (SIFI) : Thomson Horstmann Bryant Inc scooped up 249,750 additional shares in SI Financial Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 1,067,902 shares of SI Financial Group which is valued at $14,875,875.SI Financial Group makes up approximately 1.73% of Thomson Horstmann Bryant Inc’s portfolio.

SI Financial Group closed down -0.02 points or -0.14% at $13.93 with 15,156 shares getting traded on Friday. Post opening the session at $13.95, the shares hit an intraday low of $13.93 and an intraday high of $14.01 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Foundry Partners boosted its stake in SIFI in the latest quarter, The investment management firm added 3,600 additional shares and now holds a total of 106,681 shares of SI Financial Group which is valued at $1,502,068. SI Financial Group makes up approx 0.15% of Foundry Partners’s portfolio.

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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