TheStreet cut shares of Oconee Federal Financial (NASDAQ:OFED) from a b- rating to a c+ rating in a research note published on Monday morning, TheStreetRatingsTable reports.
Shares of NASDAQ:OFED opened at $22.87 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $131.48 million, a P/E ratio of 37.52 and a beta of 0.21. Oconee Federal Financial has a 12-month low of $22.26 and a 12-month high of $29.60.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Wednesday, May 8th.
A number of institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG boosted its holdings in Oconee Federal Financial by 27.0% during the 4th quarter. Deutsche Bank AG now owns 2,370 shares of the savings and loans company’s stock valued at $58,000 after acquiring an additional 504 shares during the period. American International Group Inc. boosted its holdings in Oconee Federal Financial by 89.7% during the 4th quarter. American International Group Inc. now owns 1,193 shares of the savings and loans company’s stock valued at $30,000 after acquiring an additional 564 shares during the period. Northern Trust Corp boosted its holdings in Oconee Federal Financial by 6.2% during the 1st quarter. Northern Trust Corp now owns 10,402 shares of the savings and loans company’s stock valued at $271,000 after acquiring an additional 606 shares during the period. Finally, BlackRock Inc. boosted its holdings in Oconee Federal Financial by 48.3% during the 4th quarter. BlackRock Inc. now owns 75,418 shares of the savings and loans company’s stock valued at $1,878,000 after acquiring an additional 24,570 shares during the period. Institutional investors own 4.13% of the company’s stock.
Oconee Federal Financial Company Profile
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. The company's deposit products include demand, NOW, money market, savings, certificates of deposit, and individual retirement accounts.
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