Intangible Valuation
Value, contrarian, coat tail rider, idiosyncratic research

Stewardship Financial: 20% Discount To Book, Probable Long-Term Earning Power Of 15%+

Stewardship Financial (NASDAQ:SSFN) is a New Jersey community bank which specializes, generally speaking, on commercial lending. The bank is rather unique, giving away a tithe of pre-tax earnings annually. While this implies a built in expense of 10% of pre-tax earnings, I believe it sets the bank apart and incr...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
You are protected by the Seeking Alpha Money Back Guarantee and will get a prompt refund on the unused portion of your subscription at any time, for any reason.