NasdaqCM:SSFN

Stock Analysis Report

Executive Summary

Stewardship Financial Corporation operates as the bank holding company for Atlantic Stewardship Bank that provides various commercial and retail banking products and services for small and medium-sized businesses, professionals, and individuals.

Rewards

Earnings are forecast to grow 9.97% per year

Earnings have grown 23.2% per year over the past 5 years

Risk Analysis

No risks detected for SSFN from our risk checks.


Snowflake Analysis

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SSFN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.06%

SSFN

9.4%

US Banks

9.9%

US Market


1 Year Return

64.1%

SSFN

-25.1%

US Banks

-11.9%

US Market

Return vs Industry: SSFN exceeded the US Banks industry which returned 21.7% over the past year.

Return vs Market: SSFN exceeded the US Market which returned 24.7% over the past year.


Shareholder returns

SSFNIndustryMarket
7 Day0.06%9.4%9.9%
30 Day1.2%-26.0%-15.0%
90 Day1.9%-38.6%-21.5%
1 Year65.5%64.1%-22.9%-25.1%-10.0%-11.9%
3 Year111.3%104.5%-17.2%-23.3%12.3%5.1%
5 Year274.5%251.6%11.6%-1.1%32.5%18.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

19.49x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SSFN ($15.75) is trading above our estimate of fair value ($5.54)

Significantly Below Fair Value: SSFN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SSFN is poor value based on its PE Ratio (19.5x) compared to the Banks industry average (12.8x).

PE vs Market: SSFN is poor value based on its PE Ratio (19.5x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SSFN is overvalued based on its PB Ratio (1.6x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

10.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SSFN's forecast earnings growth (10% per year) is above the savings rate (2.7%).

Earnings vs Market: SSFN's earnings (10% per year) are forecast to grow slower than the US market (14.3% per year).

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

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

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


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SSFN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Stewardship Financial performed over the past 5 years?

23.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SSFN has high quality earnings.

Growing Profit Margin: SSFN's current net profit margins (21.8%) are higher than last year (18.2%).


Past Earnings Growth Analysis

Earnings Trend: SSFN's earnings have grown significantly by 23.2% per year over the past 5 years.

Accelerating Growth: SSFN's earnings growth over the past year (21.1%) is below its 5-year average (23.2% per year).

Earnings vs Industry: SSFN earnings growth over the past year (21.1%) underperformed the Banks industry 27.1%.


Return on Equity

High ROE: SSFN's Return on Equity (8.3%) is considered low.


Next Steps

Financial Health

How is Stewardship Financial'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

Inventory Level: SSFN has a low level of unsold assets or inventory.

Debt Coverage by Assets: SSFN's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: SSFN's level of assets compared to its equity is moderate.

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

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

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

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

Level of Bad Loans: SSFN has an appropriate level of bad loans (0.25%)


Next Steps

Dividend

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

0.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SSFN's dividend (0.76%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.4%).

High Dividend: SSFN's dividend (0.76%) is low compared to the top 25% of dividend payers in the US market (3.66%).


Stability and Growth of Payments

Stable Dividend: SSFN is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: SSFN is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: SSFN is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SSFN's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.3yrs

Average management tenure


CEO

Paul Van Ostenbridge (66yo)

22.83s

Tenure

US$491,466

Compensation

Mr. Paul Van Ostenbridge has been the Chief Executive Officer and President at Stewardship Financial Corp. since 1997. Mr. Ostenbridge serves as Director at Columbia Bank (MHC) and Columbia Financial, Inc. ...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD491.47K) is about average for companies of similar size in the US market ($USD519.76K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Paul Van Ostenbridge
President22.83yrsUS$491.47k0.97% $1.3m
Claire Chadwick
Executive VP & CFO11.25yrsUS$300.59k0.23% $319.1k
William Clement
Executive VP & Chief Lending Officer3.92yrsUS$297.62k0.080% $110.0k
John Scoccola
Secretary & Director5.5yrsUS$39.00k0.17% $233.7k
Julie Holland
Chief Risk Officer and SVP22.83yrsUS$146.52k0.35% $484.0k
Gail Tilstra
Senior Vice President & HR Director - Atlantic Stewardship Bankno datano data0.11% $149.8k
Donald Stanford
Senior Vice Presidentno datano datano data
Angela Turi
Vice Presidentno datano datano data
Ellie King
Assistant Secretary of Atlantic Stewardship Bankno datano datano data
Mary Steiginga
Vice Presidentno datano datano data

11.3yrs

Average Tenure

59yo

Average Age

Experienced Management: SSFN's management team is seasoned and experienced (11.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paul Van Ostenbridge
President22.83yrsUS$491.47k0.97% $1.3m
John Scoccola
Secretary & Director5.5yrsUS$39.00k0.17% $233.7k
William Hanse
Independent Director22.83yrsUS$38.10k1.54% $2.1m
Margo Lane
Independent Director22.83yrsUS$32.40k0.84% $1.2m
John Steen
Independent Director22.83yrsUS$36.75k1.26% $1.7m
Michael Westra
Chairman of the Board1.58yrsUS$46.54k0.45% $617.3k
Howard Yeaton
Vice Chairman of the Board4.5yrsUS$38.45k0.26% $351.2k
Richard Culp
Independent Director9.92yrsUS$38.81k0.50% $684.6k
Wayne Aoki
Independent Director5.17yrsUS$34.35k0.50% $684.3k
Kim Vierheilig
Independent Director2.25yrsUS$31.80k0.018% $24.1k

7.7yrs

Average Tenure

65yo

Average Age

Experienced Board: SSFN's board of directors are considered experienced (7.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Stewardship Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Stewardship Financial Corporation
  • Ticker: SSFN
  • Exchange: NasdaqCM
  • Founded: 1984
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$137.249m
  • Shares outstanding: 8.71m
  • Website: https://www.asbnow.bank

Number of Employees


Location

  • Stewardship Financial Corporation
  • 630 Godwin Avenue
  • Midland Park
  • New Jersey
  • 7432
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SSFNNasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDSep 1997

Biography

Stewardship Financial Corporation operates as the bank holding company for Atlantic Stewardship Bank that provides various commercial and retail banking products and services for small and medium-sized businesses, professionals, and individuals. The company offers various deposits, such as personal and business checking accounts, time deposits, money market accounts, regular savings accounts, certificates of deposit, and term certificate accounts. It also offers various loans consisting of commercial, consumer, residential real estate and mortgage, home equity, personal, construction, automobile, home improvement, and unsecured loans. The company, through its other subsidiaries, is involved in owning and managing an investment portfolio; and insurance business. It operates through main office in Midland Park, as well 11 branches in Hawthorne, Ridgewood, Montville, Morristown, North Haledon, Pequannock, Waldwick, Wayne, Westwood, and Wyckoff, New Jersey. The company was founded in 1984 and is based in Midland Park, New Jersey. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/01 23:44
End of Day Share Price2019/10/31 00:00
Earnings2019/06/30
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.