Morgan Stanley Buys 11,121 Shares of Stewardship Financial Co. (NASDAQ:SSFN)

Morgan Stanley grew its stake in Stewardship Financial Co. (NASDAQ:SSFN) by 1,112,100.0% in the second quarter, HoldingsChannel reports. The fund owned 11,122 shares of the bank’s stock after acquiring an additional 11,121 shares during the period. Morgan Stanley’s holdings in Stewardship Financial were worth $172,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Paloma Partners Management Co bought a new position in shares of Stewardship Financial in the second quarter worth about $1,009,000. Vanguard Group Inc. raised its stake in shares of Stewardship Financial by 148.9% in the second quarter. Vanguard Group Inc. now owns 70,443 shares of the bank’s stock worth $1,089,000 after acquiring an additional 42,145 shares during the last quarter. BlackRock Inc. raised its stake in shares of Stewardship Financial by 227.6% in the second quarter. BlackRock Inc. now owns 21,898 shares of the bank’s stock worth $338,000 after acquiring an additional 15,214 shares during the last quarter. Northern Trust Corp bought a new position in shares of Stewardship Financial in the second quarter worth about $217,000. Finally, Chicago Capital Management LLC bought a new position in shares of Stewardship Financial in the second quarter worth about $6,068,000. 30.36% of the stock is owned by institutional investors.

SSFN opened at $15.75 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $137.17 million, a price-to-earnings ratio of 19.44 and a beta of 1.08. The firm has a 50 day simple moving average of $15.68 and a 200 day simple moving average of $14.21. Stewardship Financial Co. has a fifty-two week low of $8.20 and a fifty-two week high of $15.90.

Separately, ValuEngine downgraded shares of Stewardship Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.

Stewardship Financial Company Profile

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.

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Institutional Ownership by Quarter for Stewardship Financial (NASDAQ:SSFN)

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