NASDAQ:OFED

Oconee Federal Financial (OFED) Stock Forecast, Price & News

$16.50

-0.43 (-2.54%)

(As of 05/31/2023 ET)

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Today's Range: $16.50
▼
$16.50
50-Day Range: $16.50
▼
$21.70
52-Week Range: $16.45
▼
$27.00

Volume: 456 shs
Average Volume: 2,472 shs
Market Capitalization: $92.55 million

P/E Ratio: 22.60
Dividend Yield: 2.42%
Price Target: N/A

Oconee Federal Financial MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.51% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$72 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Finance Sector

629th out of 901 stocks

Federal Savings Institutions Industry

30th out of 45 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Oconee Federal Financial.

5.0

Short Interest

Percentage of Shares Shorted
0.51% of the float of Oconee Federal Financial has been sold short.
Short Interest Ratio / Days to Cover
Oconee Federal Financial has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Oconee Federal Financial has recently decreased by 10.45%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Oconee Federal Financial pays a meaningful dividend of 2.36%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Oconee Federal Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Oconee Federal Financial is 54.79%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for OFED.

3.3

News and Social Media Coverage

News Sentiment
Oconee Federal Financial has a news sentiment score of 1.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Oconee Federal Financial this week, compared to 0 articles on an average week.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Oconee Federal Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $72.00 in company stock.
Percentage Held by Insiders
Only 5.09% of the stock of Oconee Federal Financial is held by insiders.
Percentage Held by Institutions
Only 1.05% of the stock of Oconee Federal Financial is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Oconee Federal Financial is 22.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of Oconee Federal Financial is 22.60, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 164.63.
Price to Book Value per Share Ratio
Oconee Federal Financial has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Oconee Federal Financial (NASDAQ:OFED) Stock

Oconee Federal Financial Corp. is a holding company, which engages in the provision of financial services. The firm also provides consumer and commercial banking services to individuals and businesses located in Oconee and Pickens counties in South Carolina, and Stephens and Rabun counties in Georgia. The company was founded on January 1, 2011 and is headquartered in Seneca, SC.

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OFED Stock News Headlines

May 31, 2023 | finance.yahoo.com

OFED - Oconee Federal Financial Corp.

May 13, 2023 | finance.yahoo.com

Oconee Federal Financial Third Quarter 2023 Earnings: EPS: US$0.11 (vs US$0.19 in 3Q 2022)

June 1, 2023 | Behind the Markets (Ad)

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May 8, 2023 | americanbankingnews.com

Oconee Federal Financial Corp. (OFED) to Issue Quarterly Dividend of $0.10 on May 25th

May 5, 2023 | finance.yahoo.com

Four Days Left To Buy Oconee Federal Financial Corp. (NASDAQ:OFED) Before The Ex-Dividend Date

April 30, 2023 | americanbankingnews.com

Oconee Federal Financial (NASDAQ:OFED) Stock Price Passes Above 50-Day Moving Average of $20.38

April 7, 2023 | wsj.com

Oconee Federal Financial Corp.

April 3, 2023 | finance.yahoo.com

Investors in Oconee Federal Financial (NASDAQ:OFED) have unfortunately lost 30% over the last five years

June 1, 2023 | Behind the Markets (Ad)

"Unknown laser company making HUGE profit from Russia-Ukraine War"

March 23, 2023 | americanbankingnews.com

Head-To-Head Analysis: Oconee Federal Financial (NASDAQ:OFED) and Frederick County Bancorp (MD) (OTCMKTS:FCBI)

February 10, 2023 | msn.com

Oconee Financial GAAP EPS of $1.42, revenue of $5.95M

February 3, 2023 | msn.com

Oconee Federal Finl's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

February 3, 2023 | finance.yahoo.com

Read This Before Considering Oconee Federal Financial Corp. (NASDAQ:OFED) For Its Upcoming US$0.10 Dividend

January 11, 2023 | msn.com

SC Gov. McMaster targets $50K teacher pay, judicial transparency in 2nd inauguration speech

December 28, 2022 | finance.yahoo.com

We Ran A Stock Scan For Earnings Growth And Oconee Federal Financial (NASDAQ:OFED) Passed With Ease

November 5, 2022 | finance.yahoo.com

Don't Buy Oconee Federal Financial Corp. (NASDAQ:OFED) For Its Next Dividend Without Doing These Checks

October 25, 2022 | finance.yahoo.com

Oconee Federal Financial (NASDAQ:OFED) shareholders have endured a 5.7% loss from investing in the stock five years ago

August 7, 2022 | reuters.com

Oconee Federal Financial Corp

August 2, 2022 | finance.yahoo.com

Oconee Federal Financial (NASDAQ:OFED) Is Due To Pay A Dividend Of $0.10

July 9, 2022 | news.yahoo.com

Lewis County Coroner Breaks Down 2022 Deaths to Date

July 1, 2022 | uk.finance.yahoo.com

Oconee Federal Financial Corp. (OFED)

May 10, 2022 | seekingalpha.com

Oconee Federal Financial goes ex-dividend tomorrow

May 8, 2022 | finance.yahoo.com

Why It Might Not Make Sense To Buy Oconee Federal Financial Corp. (NASDAQ:OFED) For Its Upcoming Dividend

May 6, 2022 | finance.yahoo.com

Oconee Federal Financial (NASDAQ:OFED) Has Announced A Dividend Of US$0.10

February 3, 2022 | finance.yahoo.com

Oconee Federal Financial (NASDAQ:OFED) Will Pay A Dividend Of US$0.10

November 4, 2021 | finance.yahoo.com

Oconee Federal Financial (NASDAQ:OFED) Has Affirmed Its Dividend Of US$0.10

July 31, 2021 | nasdaq.com

Oconee Federal Financial (NASDAQ:OFED) Is Due To Pay A Dividend Of US$0.10

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OFED Company Calendar

Last Earnings: 5/14/2020
Ex-Dividend for 5/25 Dividend: 5/10/2023
Dividend Payable: 5/25/2023
Today: 5/31/2023
Fiscal Year End: 6/30/2023
Next Earnings (Estimated): 8/11/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Federal savings institutions
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:OFED
CUSIP: N/A
CIK: 1501078
Web: www.oconeefederal.com
Phone: (864) 882-2765
Fax: N/A
Employees: 78
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $0.73
Trailing P/E Ratio: 22.60
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $4.10 million
Net Margins: 20.66%
Pretax Margin: 26.24%
Return on Equity: 5.68%
Return on Assets: 0.73%

Debt

Debt-to-Equity Ratio: 0.57
Current Ratio: 0.87
Quick Ratio: 0.87

Sales & Book Value

Annual Sales: $18.05 million
Price / Sales: 5.13
Cash Flow: $0.98 per share
Price / Cash Flow: 16.92
Book Value: $13.12 per share
Price / Book: 1.26

Miscellaneous

Outstanding Shares: 5,610,000
Free Float: 5,324,000
Market Cap: $92.55 million
Optionable: Not Optionable
Beta: 0.34

Key Executives

Curtis T. Evatt
President, Chief Executive Officer & Director

David H. Stafford
Chief Operating Officer & Executive Vice President

John William Hobbs
Chief Financial Officer & Executive Vice President

Charles Todd Latiff
Chief Banking Officer & Executive Vice President

Harry B. Mays
Secretary & Independent Director

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

OFED Stock - Frequently Asked Questions

How have OFED shares performed in 2023?: Oconee Federal Financial's stock was trading at $25.00 on January 1st, 2023. Since then, OFED shares have decreased by 34.0% and is now trading at $16.4973.
View the best growth stocks for 2023 here.
When is Oconee Federal Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, August 11th 2023.
View our OFED earnings forecast.
How were Oconee Federal Financial's earnings last quarter?: Oconee Federal Financial Corp. (NASDAQ:OFED) announced its earnings results on Thursday, May, 14th. The savings and loans company reported $0.17 EPS for the quarter. The savings and loans company earned $4.43 million during the quarter. Oconee Federal Financial had a trailing twelve-month return on equity of 5.68% and a net margin of 20.66%.
How often does Oconee Federal Financial pay dividends? What is the dividend yield for Oconee Federal Financial?: Oconee Federal Financial declared a quarterly dividend on Thursday, April 27th. Investors of record on Thursday, May 11th will be paid a dividend of $0.10 per share on Thursday, May 25th. This represents a $0.40 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Wednesday, May 10th.
Read our dividend analysis for OFED.
Is Oconee Federal Financial a good dividend stock?: Oconee Federal Financial (NASDAQ:OFED) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.36%. The dividend payout ratio is 54.79%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for OFED.

What other stocks do shareholders of Oconee Federal Financial own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Oconee Federal Financial investors own include Gilead Sciences (GILD), The Goldman Sachs Group (GS), International Business Machines (IBM), Celanese (CE), Galapagos (GLPG), Liberty Global (LBTYA), Nuance Communications (NUAN), Reata Pharmaceuticals (RETA), Roku (ROKU) and Synopsys (SNPS).
What is Oconee Federal Financial's stock symbol?: Oconee Federal Financial trades on the NASDAQ under the ticker symbol "OFED."
How do I buy shares of Oconee Federal Financial?: Shares of OFED stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Oconee Federal Financial's stock price today?: One share of OFED stock can currently be purchased for approximately $16.50.
How much money does Oconee Federal Financial make?: Oconee Federal Financial (NASDAQ:OFED) has a market capitalization of $92.55 million and generates $18.05 million in revenue each year. The savings and loans company earns $4.10 million in net income (profit) each year or $0.73 on an earnings per share basis.
How can I contact Oconee Federal Financial?: Oconee Federal Financial's mailing address is 201 EAST NORTH SECOND STREET, SENECA SC, 29678. The official website for the company is www.oconeefederal.com. The savings and loans company can be reached via phone at (864) 882-2765 or via email at curt.evatt@oconeefederal.com.

This page (NASDAQ:OFED) was last updated on 6/1/2023 by MarketBeat.com Staff

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