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NEW YORK (TheStreet) -- Stewardship Financial (SSFN) has been upgraded by TheStreet Ratings from Hold to Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate STEWARDSHIP FINANCIAL CORP (SSFN) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- STEWARDSHIP 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 two years. During the past fiscal year, STEWARDSHIP FINANCIAL CORP increased its bottom line by earning $0.31 versus $0.04 in the prior year.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Commercial Banks industry. The net income increased by 57.5% when compared to the same quarter one year prior, rising from $0.46 million to $0.73 million.
- The gross profit margin for STEWARDSHIP FINANCIAL CORP is currently very high, coming in at 88.42%. It has increased significantly from the same period last year. Regardless of the strong results of the gross profit margin, the net profit margin of 10.38% trails the industry average.
- Regardless of the drop in revenue, the company managed to outperform against the industry average of 12.8%. Since the same quarter one year prior, revenues slightly dropped by 8.4%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
- You can view the full analysis from the report here: SSFN Ratings Report