trending Market Intelligence /marketintelligence/en/news-insights/trending/RXfGOCD-kz1EMs0RvinNSQ2 content esgSubNav
In This List

Clover Partners cuts SI Financial stake

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Banking Essentials Newsletter: September Edition


Clover Partners cuts SI Financial stake

Johnny Guerry, Clover Partners LP, and related investment vehicles have cut their beneficially owned SI Financial Group Inc. stake to 2.6%.

They had owned 6.2% of the Willimantic, Conn.-based company in May.

The holdings represent an aggregate 312,483 shares. The investors had transferred out, in kind, 527,977 of their held shares Oct. 2.

Guerry's group has significantly reduced its interest in another company — Westfield, Mass.-based Western New England Bancorp. The cut prompted Compass Point analyst Laurie Havener Hunsicker to "believe [Western New England] is no longer in play as an acquisition candidate" and to downgrade its stock rating.