Oconee Federal Financial (NASDAQ:OFED) Share Price Passes Below 50 Day Moving Average of $23.74

Oconee Federal Financial Corp. (NASDAQ:OFED – Get Rating) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $23.74 and traded as low as $19.85. Oconee Federal Financial shares last traded at $21.38, with a volume of 5,497 shares.

Oconee Federal Financial Trading Down 3.2 %

The firm’s 50 day simple moving average is $23.74 and its two-hundred day simple moving average is $24.24. The firm has a market cap of $119.94 million, a price-to-earnings ratio of 26.73 and a beta of 0.37.

Oconee Federal Financial (NASDAQ:OFED – Get Rating) last released its earnings results on Monday, February 13th. The savings and loans company reported $0.20 EPS for the quarter. Oconee Federal Financial had a net margin of 23.81% and a return on equity of 6.11%. The firm had revenue of $4.33 million for the quarter.

Oconee Federal Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 23rd. Investors of record on Thursday, February 9th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Wednesday, February 8th. Oconee Federal Financial’s dividend payout ratio (DPR) is presently 50.00%.

Institutional Investors Weigh In On Oconee Federal Financial

An institutional investor recently bought a new position in Oconee Federal Financial stock. Wagner Wealth Management LLC purchased a new position in Oconee Federal Financial Corp. (NASDAQ:OFED – Get Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,691 shares of the savings and loans company’s stock, valued at approximately $59,000. 1.05% of the stock is owned by institutional investors and hedge funds.

Oconee Federal Financial Company Profile

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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.