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SI Financial Group

Nasdaq:SIFI
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SIFI
Nasdaq
$175M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

SI Financial Group, Inc. operates as the holding company for Savings Institute Bank and Trust Company that provides various financial services to consumers and businesses. The last earnings update was 11 days ago. More info.


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SIFI Share Price and Events
7 Day Returns
5.8%
NasdaqGM:SIFI
-1.6%
US Mortgage
-0.7%
US Market
1 Year Returns
-0.9%
NasdaqGM:SIFI
1.6%
US Mortgage
3%
US Market
SIFI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SI Financial Group (SIFI) 5.8% 6.5% 3.1% -0.9% 6.5% 32.6%
US Mortgage -1.6% -1% 0.5% 1.6% 34.6% 42.2%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • SIFI underperformed the Mortgage industry which returned 1.6% over the past year.
  • SIFI underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
SIFI
Industry
5yr Volatility vs Market

SIFI Value

 Is SI Financial Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SI Financial Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SI Financial Group.

NasdaqGM:SIFI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $14.18 * 3.9%
$0.55
Book Value of Equity per Share Median Book Value from the past 5 years. $14.18
Discount Rate (Cost of Equity) See below 11.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:SIFI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.905 (1 + (1- 21%) (98.79%))
1.409
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.41
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.409 * 5.96%)
11.13%

Discounted Cash Flow Calculation for NasdaqGM:SIFI using Excess Returns Model Model

The calculations below outline how an intrinsic value for SI Financial Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGM:SIFI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.9% – 11.13%) * $14.18)
$-1.03
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-1.03 / (11.13% - 2.73%)
$-12.27
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $14.18 + $-12.27
$1.9
NasdaqGM:SIFI Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.90
Current discount Discount to share price of $14.86
= -1 x ($14.86 - $1.90) / $1.90
-680.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of SI Financial Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SI Financial Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SI Financial Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:SIFI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.91
NasdaqGM:SIFI Share Price ** NasdaqGM (2019-05-17) in USD $14.86
United States of America Mortgage Industry PE Ratio Median Figure of 131 Publicly-Listed Mortgage Companies 14.3x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SI Financial Group.

NasdaqGM:SIFI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:SIFI Share Price ÷ EPS (both in USD)

= 14.86 ÷ 0.91

16.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SI Financial Group is overvalued based on earnings compared to the US Mortgage industry average.
  • SI Financial Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does SI Financial Group's expected growth come at a high price?
Raw Data
NasdaqGM:SIFI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
10.9%per year
United States of America Mortgage Industry PEG Ratio Median Figure of 49 Publicly-Listed Mortgage Companies 1.35x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for SI Financial Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SI Financial Group's assets?
Raw Data
NasdaqGM:SIFI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $14.91
NasdaqGM:SIFI Share Price * NasdaqGM (2019-05-17) in USD $14.86
United States of America Mortgage Industry PB Ratio Median Figure of 144 Publicly-Listed Mortgage Companies 1.14x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NasdaqGM:SIFI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:SIFI Share Price ÷ Book Value per Share (both in USD)

= 14.86 ÷ 14.91

1x

* Primary Listing of SI Financial Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SI Financial Group is good value based on assets compared to the US Mortgage industry average.
X
Value checks
We assess SI Financial Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. SI Financial Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SIFI Future Performance

 How is SI Financial Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover SI Financial Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SI Financial Group expected to grow at an attractive rate?
  • SI Financial Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • SI Financial Group's earnings growth is positive but not above the United States of America market average.
  • Unable to compare SI Financial Group's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:SIFI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:SIFI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 10.9%
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 9.9%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:SIFI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:SIFI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 54 19 11
2018-12-31 53 21 10
2018-09-30 53 17 7
2018-06-30 53 10 6
2018-03-31 53 14 6
2017-12-31 53 9 5
2017-09-30 60 13 13
2017-06-30 59 23 13
2017-03-31 57 10 11
2016-12-31 56 16 11
2016-09-30 49 13 6
2016-06-30 48 9 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SI Financial Group's earnings are expected to grow by 10.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if SI Financial Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:SIFI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from SI Financial Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:SIFI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.91
2018-12-31 0.81
2018-09-30 0.55
2018-06-30 0.51
2018-03-31 0.47
2017-12-31 0.44
2017-09-30 1.12
2017-06-30 1.07
2017-03-31 0.97
2016-12-31 0.96
2016-09-30 0.53
2016-06-30 0.48

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if SI Financial Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess SI Financial Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SI Financial Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SIFI Past Performance

  How has SI Financial Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SI Financial Group's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SI Financial Group has delivered over 20% year on year earnings growth in the past 5 years.
  • SI Financial Group's 1-year earnings growth exceeds its 5-year average (93.4% vs 24.2%)
  • SI Financial Group's earnings growth has exceeded the US Mortgage industry average in the past year (93.4% vs 39%).
Earnings and Revenue History
SI Financial Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SI Financial Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:SIFI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 54.37 10.69 36.19
2018-12-31 53.22 9.57 36.36
2018-09-30 53.27 6.50 35.82
2018-06-30 53.10 6.04 35.54
2018-03-31 53.15 5.53 35.53
2017-12-31 53.41 5.24 35.53
2017-09-30 59.78 13.29 35.87
2017-06-30 58.50 12.60 35.79
2017-03-31 56.51 11.49 35.40
2016-12-31 56.23 11.31 35.71
2016-09-30 48.73 6.27 35.47
2016-06-30 48.42 5.69 35.87
2016-03-31 48.18 4.97 36.61
2015-12-31 47.04 4.35 36.36
2015-09-30 47.11 4.29 36.57
2015-06-30 47.44 4.52 36.49
2015-03-31 47.00 4.43 36.40
2014-12-31 47.91 4.41 36.75
2014-09-30 47.72 4.04 36.58
2014-06-30 43.64 1.10 35.04
2014-03-31 40.40 0.13 32.88
2013-12-31 36.72 -0.86 30.53
2013-09-30 33.04 -1.13 28.30
2013-06-30 31.96 -0.09 27.52
2013-03-31 31.97 0.64 27.33
2012-12-31 32.76 1.12 27.54
2012-09-30 32.92 1.13 27.43
2012-06-30 35.24 2.57 27.84

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SI Financial Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SI Financial Group used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.
  • Unable to establish if SI Financial Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess SI Financial Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SI Financial Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SIFI Health

 How is SI Financial Group's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of SI Financial Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SI Financial Group Company Filings, last reported 1 month ago.

NasdaqGM:SIFI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 175.79 172.79 123.95
2018-12-31 172.13 161.62 87.95
2018-09-30 170.01 161.38 77.20
2018-06-30 168.26 172.11 86.92
2018-03-31 168.92 181.95 84.43
2017-12-31 168.48 178.34 81.93
2017-09-30 171.00 175.06 91.85
2017-06-30 169.02 195.35 95.40
2017-03-31 166.06 222.68 87.33
2016-12-31 164.73 226.01 71.81
2016-09-30 159.83 216.85 63.58
2016-06-30 158.82 216.21 74.80
2016-03-31 156.85 226.56 69.52
2015-12-31 154.33 242.91 39.45
2015-09-30 153.98 232.88 36.60
2015-06-30 152.62 200.65 39.63
2015-03-31 159.03 152.49 52.78
2014-12-31 157.74 156.80 37.71
2014-09-30 156.11 162.70 33.65
2014-06-30 155.56 167.21 48.48
2014-03-31 154.30 178.60 53.77
2013-12-31 152.84 185.01 25.94
2013-09-30 152.74 192.48 52.45
2013-06-30 124.17 101.83 38.57
2013-03-31 125.72 105.08 35.46
2012-12-31 125.76 106.80 37.00
2012-09-30 127.67 102.28 34.43
2012-06-30 127.87 102.08 42.25
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • SI Financial Group has an acceptable proportion of non-loan assets held.
  • SI Financial Group's liabilities are made up of primarily low risk sources of funding.
  • Loans at SI Financial Group are broadly funded by customer deposits.
  • SI Financial Group's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • SI Financial Group has a sufficient allowance for bad loans.
  • SI Financial Group has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess SI Financial Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SI Financial Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SIFI Dividends

 What is SI Financial Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.62%
Current annual income from SI Financial Group dividends.
If you bought $2,000 of SI Financial Group shares you are expected to receive $32 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SI Financial Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • SI Financial Group's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:SIFI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 94 Stocks 3.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:SIFI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-24 0.240 1.676
2019-01-31 0.240 1.733
2018-10-24 0.240 1.808
2018-07-25 0.240 1.729
2018-04-17 0.240 1.631
2018-01-24 0.240 1.666
2017-10-25 0.200 1.348
2017-08-08 0.200 1.349
2017-04-26 0.200 1.300
2017-01-25 0.200 1.374
2016-10-26 0.160 1.112
2016-07-27 0.160 1.209
2016-04-27 0.160 1.180
2016-01-27 0.160 1.144
2015-10-28 0.160 1.208
2015-07-22 0.160 1.348
2015-04-22 0.160 1.366
2015-01-28 0.160 1.363
2014-10-22 0.120 1.077
2014-07-23 0.120 1.087
2014-04-23 0.120 1.055
2014-01-22 0.120 1.029
2013-10-24 0.120 1.029
2013-07-31 0.120 1.048
2013-04-24 0.120 1.088
2013-01-23 0.120 1.014
2012-10-24 0.120 1.063
2012-07-25 0.120 1.038
2012-04-25 0.120 1.050
2012-01-18 0.120 1.115
2011-10-26 0.120 1.264
2011-07-27 0.120 1.274
2011-04-27 0.120 1.181
2011-01-19 0.120 1.257
2010-10-27 0.120 1.678
2010-07-30 0.120 1.885
2010-04-29 0.120 1.892
2010-03-24 0.000 0.000
2010-02-24 0.000 0.000
2009-11-13 0.000 0.000
2009-10-30 0.000 0.000
2009-08-12 0.000 0.000
2009-07-23 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, SI Financial Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but SI Financial Group only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of SI Financial Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess SI Financial Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SI Financial Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SI Financial Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SIFI Management

 What is the CEO of SI Financial Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rheo Brouillard
COMPENSATION $713,730
AGE 64
TENURE AS CEO 15.3 years
CEO Bio

Mr. Rheo Arthur Brouillard is President, Chief Executive Officer and a Director of SI Financial Group, Inc. and Savings Institute Bank and Trust Company (the “Bank”) since 1995 and 2004, respectively. He has over 30 years’ experience in the financial services industry. He serves as President of the Northeastern Connecticut Community Development Corporation. He is also a Director of Infinex Financial Group, the Vantis Life Insurance Company. He is a past Chairman of the Connecticut Bankers Association and is active in the American Bankers Association serving as the Connecticut representative of the Community Bank Council and the OTS/OCC Merger Task Force. He also serves as a Director of a number of non-profit organizations. He holds a Bachelor’s Degree in Management from Western New England College and a Master’s Degree in Business Administration from American International College.

CEO Compensation
  • Rheo's compensation has been consistent with company performance over the past year.
  • Rheo's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the SI Financial Group management team in years:

4.1
Average Tenure
56
Average Age
  • The tenure for the SI Financial Group management team is about average.
Management Team

Rheo Brouillard

TITLE
President
COMPENSATION
$714K
AGE
64
TENURE
15.3 yrs

Lauren Murphy

TITLE
Executive VP & CFO
COMPENSATION
$366K
AGE
46
TENURE
4.1 yrs

Laurie Gervais

TITLE
Executive VP
COMPENSATION
$430K
AGE
53
TENURE
1.4 yrs

Catherine Pomerleau

TITLE
Executive Assistant/Investor Relations Administrator
TENURE
5.3 yrs

Ken Martin

TITLE
Senior VP and Chief Lending Officer of Savings Institute Bank & Trust Company
AGE
59
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the SI Financial Group board of directors in years:

12.2
Average Tenure
68.5
Average Age
  • The average tenure for the SI Financial Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Mark Alliod

TITLE
Chairman of the Board
COMPENSATION
$64K
AGE
55
TENURE
4 yrs

Rheo Brouillard

TITLE
President
COMPENSATION
$714K
AGE
64
TENURE
24.3 yrs

Donna Evan

TITLE
Director
COMPENSATION
$50K
AGE
69
TENURE
23.3 yrs

Roger Engle

TITLE
Director
COMPENSATION
$51K
AGE
80
TENURE
21.3 yrs

Michael Garvey

TITLE
Director
COMPENSATION
$48K
AGE
54
TENURE
12.2 yrs

Robert Gillard

TITLE
Director
COMPENSATION
$57K
AGE
71
TENURE
20.3 yrs

Kevin McCarthy

TITLE
Director
COMPENSATION
$51K
AGE
70
TENURE
5.7 yrs

Kathleen Nealon

TITLE
Director
COMPENSATION
$48K
AGE
66
TENURE
5.7 yrs

Dennis Pollack

TITLE
Director
COMPENSATION
$48K
AGE
68
TENURE
4.3 yrs

Robert Cushman

TITLE
Director Emeritus
COMPENSATION
$45K
AGE
84
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
28. Dec 18 Sell Robert Gillard Individual 27. Dec 18 27. Dec 18 -25 $12.53 $-313
11. Jun 18 Sell Rheo Brouillard Individual 07. Jun 18 07. Jun 18 -861 $15.00 $-12,915
07. Jun 18 Sell Rheo Brouillard Individual 05. Jun 18 06. Jun 18 -5,661 $15.00 $-84,745
X
Management checks
We assess SI Financial Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SI Financial Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SIFI News

Simply Wall St News

Should You Worry About SI Financial Group Inc's (NASDAQ:SIFI) CEO Pay Cheque?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Rheo Brouillard's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that SI Financial Group Inc has a market cap of US$158m, and is paying total annual CEO compensation of US$964k

Simply Wall St -

Is SI Financial Group Inc (NASDAQ:SIFI) Attractive At Its Current PE Ratio?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … SI Financial Group Inc (NASDAQ:SIFI) is trading with a trailing P/E of 27.4, which is higher than the industry average of 18.6. … See our latest analysis for SI Financial Group

Simply Wall St -

How Does SI Financial Group Inc (NASDAQ:SIFI) Fare As A Dividend Stock?

In the past 10 years SI Financial Group Inc (NASDAQ:SIFI) has returned an average of 1.00% per year to investors in the form of dividend payouts. … Let's dig deeper into whether SI Financial Group should have a place in your portfolio. … Check out our latest analysis for SI Financial Group

Simply Wall St -

SI Financial Group Inc (NASDAQ:SIFI): Ex-Dividend Is In 2 Days, Should You Buy?

Important news for shareholders and potential investors in SI Financial Group Inc (NASDAQ:SIFI): The dividend payment of US$0.06 per share will be distributed into shareholder on 27 August 2018, and the stock will begin trading ex-dividend at an earlier date, 03 August 2018. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into SI Financial Group's latest financial data to analyse its dividend attributes. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

How Much Did SI Financial Group Inc's (NASDAQ:SIFI) CEO Pocket Last Year?

Rheo Brouillard is the CEO of SI Financial Group Inc (NASDAQ:SIFI), which has recently grown to a market capitalization of US$179.53m. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … View out our latest analysis for SI Financial Group

Simply Wall St -

Is SI Financial Group Inc's (NASDAQ:SIFI) PE Ratio A Signal To Sell For Investors?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to better understand how you can grow your money by investing in SI Financial Group Inc (NASDAQ:SIFI). … SI Financial Group Inc (NASDAQ:SIFI) trades with a trailing P/E of 32.3x, which is higher than the industry average of 22.5x.

Simply Wall St -

Should Income Investors Buy SI Financial Group Inc (NASDAQ:SIFI) Before Its Ex-Dividend?

Investors who want to cash in on SI Financial Group Inc's (NASDAQ:SIFI) upcoming dividend of $0.06 per share have only 3 days left to buy the shares before its ex-dividend date, 04 May 2018, in time for dividends payable on the 29 May 2018. … See our latest analysis for SI Financial Group 5 questions to ask before buying a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is its annual yield among the top 25% of dividend-paying companies? … NasdaqGM:SIFI Historical Dividend Yield Apr 30th 18 How well does SI Financial Group fit our criteria?

Simply Wall St -

Should You Be Concerned About SI Financial Group Inc's (NASDAQ:SIFI) Risks?

Generally, an investor should consider two types of risk that impact the market value of SIFI. … See our latest analysis for SI Financial Group An interpretation of SIFI's beta SI Financial Group's beta of 0.31 indicates that the stock value will be less variable compared to the whole stock market. … SIFI’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio.

Simply Wall St -

How Did SI Financial Group Inc's (NASDAQ:SIFI) 8.03% ROE Fare Against The Industry?

See our latest analysis for SI Financial Group What you must know about ROE Return on Equity (ROE) weighs SI Financial Group’s profit against the level of its shareholders’ equity. … ROE can be dissected into three distinct ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NasdaqGM:SIFI Last Perf Jan 29th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

Simply Wall St -

How Does SI Financial Group Inc's (NASDAQ:SIFI) Earnings Growth Stack Up Against Industry Performance?

After looking at SI Financial Group Inc's (NASDAQ:SIFI) latest earnings announcement (30 September 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … Check out our latest analysis for SI Financial Group Commentary On SIFI's Past Performance To account for any quarterly or half-yearly updates, I use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … This shows that, generally, SI Financial Group has been able to steadily grow its earnings over the last few years as well.

Simply Wall St -

SIFI Company Info

Description

SI Financial Group, Inc. operates as the holding company for Savings Institute Bank and Trust Company that provides various financial services to consumers and businesses. 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 also provides one- to four-family residential mortgage, multi-family and commercial real estate, construction and land, commercial business, and consumer loans. In addition, it offers trust services, which include fiduciary, investment management, and retirement services to individuals, partnerships, corporations, and institutions; and life insurance products and annuities. The company operates 23 full-service offices throughout Windham, New London, Tolland, Hartford, and Middlesex counties in Connecticut, as well as Newport and Washington counties in Rhode Island. SI Financial Group, Inc. was founded in 1842 and is headquartered in Willimantic, Connecticut.

Details
Name: SI Financial Group, Inc.
SIFI
Exchange: NasdaqGM
Founded: 1842
$174,895,988
11,769,582
Website: http://www.mysifi.com
Address: SI Financial Group, Inc.
803 Main Street,
Willimantic,
Connecticut, 06226,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM SIFI Common Stock Nasdaq Global Market US USD 01. Oct 2004
Number of employees
Current staff
Staff numbers
285
SI Financial Group employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:57
End of day share price update: 2019/05/17 00:00
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.