NasdaqGM:SIFI

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has SI Financial Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

5.8%

SIFI

1.2%

US Mortgage

1.3%

US Market


1 Year Return

-0.9%

SIFI

12.2%

US Mortgage

5.9%

US Market


Shareholder returns

SIFIIndustryMarket
7 Day5.8%1.2%1.3%
30 Day6.5%-0.6%-1.9%
90 Day3.1%2.4%-1.8%
1 Year0.8%-0.9%14.6%12.2%8.3%5.9%
3 Year11.5%6.5%39.9%30.4%45.6%36.2%
5 Year42.2%32.6%68.7%51.1%66.1%47.9%

Price Volatility Vs. Market

How volatile is SI Financial Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is SI Financial Group undervalued compared to its fair value and its price relative to the market?

16.36x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: SIFI ($14.86) is trading above our estimate of fair value ($1.9)

Significantly Undervalued: SIFI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SIFI is poor value based on its PE Ratio (16.4x) compared to the Mortgage industry average (14.4x).

PE vs Market: SIFI is good value based on its PE Ratio (16.4x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate SIFI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SIFI is good value based on its PB Ratio (1x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

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

10.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIFI's forecast earnings growth (10.9% per year) is above the savings rate (2.7%).

Earnings vs Market: SIFI's earnings (10.9% per year) are forecast to grow slower than the US market (14.4% per year).

High Growth Earnings: SIFI's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if SIFI's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if SIFI's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Information is not available.


Next Steps

Past Performance

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

24.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SIFI's earnings have grown significantly by 24.2% per year over the past 5 years.

Accelerating Growth: SIFI's earnings growth over the past year (93.4%) exceeds its 5-year average (24.2% per year).

Earnings vs Industry: SIFI earnings growth over the past year (93.4%) exceeded the Mortgage industry 31.7%.


Return on Equity

High ROE: SIFI's Return on Equity (6.1%) is considered low.


Return on Assets

ROA vs Industry: SIFI's Return on Assets is below or equal to the Mortgage industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate SIFI's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Asset Level: SIFI's level of assets compared to its equity is low.

Allowance for Bad Loans: SIFI has a sufficient allowance for bad loans.

Low Risk Liabilities: SIFI's liabilities are made up of primarily low risk sources of funding.

Loan Level: SIFI has an acceptable proportion of non-loan assets held.

Low Risk Deposits: SIFI's loans are broadly funded by customer deposits.

Level of Bad Loans: SIFI has an appropriate level of bad loans (0.63%)


Next Steps

Dividend

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

1.62%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.5%markettop25%3.8%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SIFI's dividend (1.62%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: SIFI's dividend (1.62%) is low compared to the top 25% of dividend payers in the US market (3.77%).

Stable Dividend: Whilst dividend payments have been stable, SIFI has been paying a dividend for less than 10 years.

Growing Dividend: SIFI's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.4%), SIFI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.1yrs

Average management tenure


CEO

Rheo Brouillard (64yo)

15.3yrs

Tenure

US$713,730

Compensation

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 h ...


CEO Compensation Analysis

Information is not available.

Compensation vs Earnings: Rheo's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.1yrs

Average Tenure

56yo

Average Age

Experienced Management: SIFI's management team is considered experienced (4.1 years average tenure).


Board Age and Tenure

12.2yrs

Average Tenure

68.5yo

Average Age

Experienced Board: SIFI's board of directors are seasoned and experienced ( 12.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$31328 Dec 18
Robert Gillard
EntityIndividual
Role
Member of the Board of Directors
Director
Shares25
Max PriceUS$12.53

Ownership Breakdown


Management Team

  • Rheo Brouillard (64yo)

    President

    • Tenure: 15.3yrs
    • Compensation: US$713.73k
  • Laurie Gervais (53yo)

    Executive VP

    • Tenure: 1.4yrs
    • Compensation: US$429.70k
  • Ken Martin (59yo)

    Senior VP and Chief Lending Officer of Savings Institute Bank & Trust Company

    • Tenure: 2yrs
  • Lauren Murphy (46yo)

    Executive VP & CFO

    • Tenure: 4.1yrs
    • Compensation: US$365.60k
  • Catherine Pomerleau

    Executive Assistant/Investor Relations Administrator

    • Tenure: 5.3yrs

Board Members

  • Roger Engle (80yo)

    Director

    • Tenure: 21.3yrs
    • Compensation: US$50.60k
  • Dennis Pollack (68yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: US$47.60k
  • Kevin McCarthy (70yo)

    Director

    • Tenure: 5.7yrs
    • Compensation: US$50.50k
  • Donna Evan (69yo)

    Director

    • Tenure: 23.3yrs
    • Compensation: US$50.10k
  • Robert Gillard (71yo)

    Director

    • Tenure: 20.3yrs
    • Compensation: US$56.89k
  • Rheo Brouillard (64yo)

    President

    • Tenure: 15.3yrs
    • Compensation: US$713.73k
  • Robert Cushman (84yo)

    Director Emeritus

    • Tenure: 0yrs
    • Compensation: US$44.69k
  • Kathleen Nealon (66yo)

    Director

    • Tenure: 5.7yrs
    • Compensation: US$47.60k
  • Mark Alliod (55yo)

    Chairman of the Board

    • Tenure: 4yrs
    • Compensation: US$64.18k
  • Michael Garvey (54yo)

    Director

    • Tenure: 12.2yrs
    • Compensation: US$47.60k

Company Information

SI Financial Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SI Financial Group, Inc.
  • Ticker: SIFI
  • Exchange: NasdaqGM
  • Founded: 1842
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$174.896m
  • Shares outstanding: 11.77m
  • Website: https://www.mysifi.com

Number of Employees


Location

  • SI Financial Group, Inc.
  • 803 Main Street
  • Willimantic
  • Connecticut
  • 6226
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SIFINasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDOct 2004

Biography

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 noni ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/05/20 01:57
End of Day Share Price2019/05/17 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.