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HF Financial Corp. Stock Downgraded (HFFC)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. Earnings estimate removed from 5th paragraph.

NEW YORK (TheStreet) -- HF Financial (Nasdaq:HFFC) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Highlights from the ratings report include:

  • Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Looking ahead, our view is that this company's fundamentals will not have much impact in either direction, allowing the stock to generally move up or down based on the push and pull of the broad market.
  • The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Thrifts & Mortgage Finance industry average. The net income increased by 44.5% when compared to the same quarter one year prior, rising from $0.72 million to $1.03 million.
  • The gross profit margin for HF FINANCIAL CORP is currently very high, coming in at 78.40%. It has increased significantly from the same period last year. Despite the strong results of the gross profit margin, HFFC's net profit margin of 8.01% significantly trails the industry average.
  • HF FINANCIAL CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, HF FINANCIAL CORP increased its bottom line by earning $0.74 versus $0.10 in the prior year.
  • Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. When compared to other companies in the Thrifts & Mortgage Finance industry and the overall market, HF FINANCIAL CORP's return on equity is below that of both the industry average and the S&P 500.
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HF Financial Corp. operates as the holding company for Home Federal Bank that provides consumer and commercial business banking services in the United States. The company offers deposit accounts, such as savings accounts, checking accounts, money market accounts, and certificate of deposits. The company has a P/E ratio of 16.1, below the S&P 500 P/E ratio of 17.7. HF Financial has a market cap of $93 million and is part of the financial sector and banking industry. Shares are up 0.6% year to date as of the close of trading on Wednesday.

You can view the full HF Financial Ratings Report or get investment ideas from our investment research center.

-- Written by a member of TheStreet Ratings Staff

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