TheStreet Upgrades Stewardship Financial (SSFN) to “B”

Stewardship Financial (NASDAQ:SSFN) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b” rating in a research report issued on Monday.

Shares of Stewardship Financial (NASDAQ:SSFN) opened at $9.80 on Monday. The firm has a market cap of $84.72, a PE ratio of 13.43 and a beta of 0.08. Stewardship Financial has a 52 week low of $7.92 and a 52 week high of $10.50. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.94.

Stewardship Financial (NASDAQ:SSFN) last posted its earnings results on Tuesday, November 7th. The bank reported $0.19 earnings per share for the quarter. The business had revenue of $7.67 million for the quarter. Stewardship Financial had a net margin of 15.36% and a return on equity of 8.38%.

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Stewardship Financial by 21.1% during the second quarter. Vanguard Group Inc. now owns 33,821 shares of the bank’s stock worth $321,000 after buying an additional 5,882 shares during the last quarter. River Oaks Capital LLC bought a new stake in Stewardship Financial during the second quarter worth about $329,000. Context BH Capital Management LP grew its stake in Stewardship Financial by 10.0% during the second quarter. Context BH Capital Management LP now owns 58,879 shares of the bank’s stock worth $553,000 after buying an additional 5,338 shares during the last quarter. Royce & Associates LP bought a new stake in Stewardship Financial during the second quarter worth about $1,853,000. Finally, Jacobs Asset Management LLC bought a new stake in Stewardship Financial during the second quarter worth about $3,896,000. 19.28% of the stock is currently owned by hedge funds and other institutional investors.

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About Stewardship Financial

Stewardship Financial Corporation is a one-bank holding company for Atlantic Stewardship Bank (the Bank). The Company’s principal business is the ownership and supervision of the Bank. The Company, through the Bank, conducts commercial banking business and offers deposit services, including personal and business checking accounts and time deposits, money market accounts and regular savings accounts.

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