NASDAQ:OFED

Oconee Federal Financial - OFED Stock Forecast, Price & News

$24.40

-1.35 (-5.24%)

(As of 09/27/2022 12:00 AM ET)

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Today's Range: $24.40
▼
$24.40
50-Day Range: $20.24
▼
$26.50
52-Week Range: $20.24
▼
$27.00

Volume: 444 shs
Average Volume: 668 shs
Market Capitalization: $136.88 million

P/E Ratio: 33.89
Dividend Yield: 1.64%
Price Target: N/A

Oconee Federal Financial MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
0.60% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.95
Based on 7 Articles This Week
Insider Trading: N/A
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.

1.49 out of 5 stars

Finance Sector

883rd out of 923 stocks

Federal Savings Institutions Industry

40th out of 45 stocks

N/A

Analyst's Opinion

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

2.0

Short Interest

Percentage of Shares Shorted
0.60% 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 6.4.
Change versus previous month
Short interest in Oconee Federal Financial has recently increased by 2.94%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
Oconee Federal Financial pays a meaningful dividend of 1.64%, 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 55.56%. 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.

2.7

News and Social Media Coverage

News Sentiment
Oconee Federal Financial has a news sentiment score of 0.95. 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 0.61 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Oconee Federal Financial this week, compared to 0 articles on an average week.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Oconee Federal Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.88% 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 33.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.93.
Price to Earnings Ratio vs. Sector
The P/E ratio of Oconee Federal Financial is 33.89, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 155.50.
Price to Book Value per Share Ratio
Oconee Federal Financial has a P/B Ratio of 1.82. 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. operates as a holding company for Oconee Federal Savings and Loan Association that provides various banking products and services in the Oconee County area of northwestern South Carolina and the northeast area of Georgia. It offers deposit products, including demand, NOW, money market, savings, certificates of deposit, and individual retirement accounts. The company's loan portfolio comprises one-to-four family and multi-family residential mortgage loans; home equity loans and lines of credit; nonresidential real estate loans; construction and land loans; commercial and industrial loans; agricultural loans; and consumer and other loans. It operates through its executive office and eight branch offices located in Oconee and Pickens Counties, South Carolina; and Stephens and Rabun Counties, Georgia. The company was founded in 1924 and is based in Seneca, South Carolina. Oconee Federal Financial Corp. operates as a subsidiary of Oconee Federal, MHC.

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OFED Stock News Headlines

September 28, 2022 | americanbankingnews.com

TheStreet Upgrades Oconee Federal Financial (NASDAQ:OFED) to "B+"

September 28, 2022 | americanbankingnews.com

Oconee Federal Financial (NASDAQ:OFED) Upgraded by TheStreet to B+

September 28, 2022 | americanbankingnews.com

Financial Review: BCB Bancorp (NASDAQ:BCBP) and Oconee Federal Financial (NASDAQ:OFED)

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 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

July 12, 2021 | msn.com

Federal student loan interest rose July 1. Here's what to know

July 9, 2021 | msn.com

Financial aid agency will stop servicing federal student loans. Here's what you need to know

July 9, 2021 | msn.com

Student-loan giant that manages Public Service Loan Forgiveness will stop servicing federal loans

July 8, 2021 | msn.com

PHEAA plans to stop servicing federal student loans, expects to lay off employees

July 8, 2021 | msn.com

Pa.’s student aid agency to end its role as a federal student loan servicer

July 6, 2021 | forbes.com

Biden Administration Announces Big Changes To Teacher Financial Aid Program

July 1, 2021 | sg.finance.yahoo.com

Flushing Financial Corporation to Host Second Quarter 2021 Earnings Call

June 30, 2021 | msn.com

College Financial Aid Applications In Novi Area: Compare To MI

June 30, 2021 | forbes.com

COVID-19 Exacerbated Financial Disparities And The Retirement Savings Gap

June 30, 2021 | msn.com

Historic Day for NCAA; Swinney Believes 'I am 100% for the collegiate model and the value of education'

June 29, 2021 | forbes.com

New Federal Report: Student Loan Servicers Often Harm Borrowers Seeking Public Service Loan Forgiveness

June 29, 2021 | msn.com

Incomplete FAFSAs Leave Billions Unclaimed in Financial Aid Each Year

June 25, 2021 | msn.com

Judge temporarily halts Indiana from ending expanded federal unemployment benefits

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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OFED Company Calendar

Ex-Dividend for 8/25 Dividend: 8/10/2022
Last Earnings: 8/12/2022
Dividend Payable: 8/25/2022
Today: 9/29/2022
Next Earnings (Estimated): 11/11/2022
Fiscal Year End: 6/30/2023

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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): $0.72
Trailing P/E Ratio: 33.89
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $4.10 million
Net Margins: 22.72%
Pretax Margin: 28.10%
Return on Equity: 4.96%
Return on Assets: 0.76%

Debt

Debt-to-Equity Ratio: 0.12
Current Ratio: 0.77
Quick Ratio: 0.77

Sales & Book Value

Annual Sales: $18.05 million
Price / Sales: 7.58
Cash Flow: $1.00 per share
Price / Cash Flow: 24.39
Book Value: $13.42 per share
Price / Book: 1.82

Miscellaneous

Outstanding Shares: 5,610,000
Free Float: 5,279,000
Market Cap: $136.88 million
Optionable: Not Optionable
Beta: 0.49

Key Executives

Mr. Curtis T. Evatt (Age 50)
Pres, CEO & Director
Comp: $357.96k

Mr. John W. Hobbs CPA (Age 59)
Exec. VP & CFO
Comp: $201.14k

Mr. David H. Stafford (Age 45)
Exec. VP & COO
Comp: $220.26k

Mr. Charles Todd Latiff (Age 48)
Exec. VP & Chief Banking Officer
Comp: $258.72k

Mr. Harry B. Mays Jr. (Age 75)
Sec. & Independent Director
Comp: $36.51k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

OFED Stock - Frequently Asked Questions

How have OFED shares performed in 2022?: Oconee Federal Financial's stock was trading at $22.22 at the beginning of 2022. Since then, OFED stock has increased by 9.8% and is now trading at $24.40.
View the best growth stocks for 2022 here.
When is Oconee Federal Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, November 11th 2022.
View our OFED earnings forecast.
How were Oconee Federal Financial's earnings last quarter?: Oconee Federal Financial Corp. (NASDAQ:OFED) announced its quarterly earnings results on Friday, August, 12th. The savings and loans company reported $0.18 earnings per share (EPS) for the quarter. Oconee Federal Financial had a net margin of 22.72% and a trailing twelve-month return on equity of 4.96%.
How often does Oconee Federal Financial pay dividends? What is the dividend yield for Oconee Federal Financial?: Oconee Federal Financial announced a quarterly dividend on Thursday, July 28th. Stockholders of record on Thursday, August 11th will be paid a dividend of $0.10 per share on Thursday, August 25th. This represents a $0.40 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Wednesday, August 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 1.64%. The dividend payout ratio is 55.56%. 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 $24.40.
How much money does Oconee Federal Financial make?: Oconee Federal Financial (NASDAQ:OFED) has a market capitalization of $136.88 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 $0.72 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 9/29/2022 by MarketBeat.com Staff

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Oconee Federal Financial - OFED Stock Forecast, Price & News

Oconee Federal Financial MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Oconee Federal Financial (NASDAQ:OFED) Stock

OFED Stock News Headlines

OFED Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

OFED Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™