Last $17.71 USD
Change Today +0.11 / 0.62%
Volume 500.0
OFED On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 08/19/14 All times are local (Market data is delayed by at least 15 minutes).

oconee federal financial cor (OFED) Snapshot

Open
$17.65
Previous Close
$17.60
Day High
$18.38
Day Low
$17.65
52 Week High
06/25/14 - $20.50
52 Week Low
11/19/13 - $16.48
Market Cap
103.4M
Average Volume 10 Days
2.0K
EPS TTM
$0.66
Shares Outstanding
5.8M
EX-Date
08/5/14
P/E TM
26.8x
Dividend
$0.40
Dividend Yield
2.26%
Current Stock Chart for OCONEE FEDERAL FINANCIAL COR (OFED)

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oconee federal financial cor (OFED) Details

Oconee Federal Financial Corp. operates as the bank holding company for Oconee Federal Savings and Loan Association that provides various financial services in the Oconee County area of northwestern South Carolina. It accepts various deposit accounts, including demand, NOW, money market, savings, and individual retirement accounts, as well as certificates of deposit. The company’s loan portfolio includes one- to four-family residential mortgage loans; home equity loans; non-residential real estate loans secured primarily by churches, office buildings, and retail and mixed-use properties; construction loans; land loans; and consumer loans for the purchase of automobiles, boats, appliances, and recreational vehicles, as well as for other legitimate personal purposes. It operates through five offices. The company was founded in 1924 and is headquartered in Seneca, South Carolina. Oconee Federal Financial Corp. is a subsidiary of Oconee Federal, MHC.

oconee federal financial cor (OFED) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $205.6K
President, Director, President of Oconee Fede...
Total Annual Compensation: $158.1K
Senior Vice President and Assistant Treasurer
Total Annual Compensation: $106.1K
Compensation as of Fiscal Year 2013.

oconee federal financial cor (OFED) Key Developments

Oconee Federal Financial Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2014

Oconee Federal Financial Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2014. For the quarter, net interest income was $2,929,000 compared to $2,891,000 a year ago. This increase in net interest margin is reflective of the decrease in average cost of funds to 0.48% for the three months ended June 30, 2014 from 0.65% for the three months ended June 30, 2013, while maintaining a consistent yield on interest-earning assets of 3.77% for both the three months ended June 30, 2014 and 2013. Income before income taxes was $1,337,000 compared to $1,614,000 a year ago. Net income was $854,000 or $0.15 basic and diluted per share compared to $1,067,000 or $0.18 basic and diluted per share a year ago. Return on average assets was 0.95% compared to 1.14% a year ago. Return on average equity was 4.46% compared to 5.50% a year ago. For the quarter, net interest income was $11,496,000 compared to $11,818,000 a year ago. Income before income taxes was $5,689,000 compared to $6,472,000 a year ago. Net income was $3,639,000 or $0.64 basic and diluted per share compared to $4,040,000 or $0.67 basic and diluted per share a year ago. Return on average assets was 1.00% compared to 1.08% a year ago. Return on average equity was 4.78% compared to 5.00% a year ago. This increase in net interest margin was solely due to the decrease in cost of funds as cost of funds declined to 0.53% for the year ended June 30, 2014 from 0.75% for the year ended June 30, 2013. The increase is the result of net income for the year ended June 30, 2014 of $3.6 million plus a decrease in accumulated other comprehensive loss of $412,000 and the approximate $600,000 net positive effects of a reduction in the unearned ESOP balance and recognition of compensation expense associated with equity incentive plans, which both increase equity.

Oconee Federal Financial Corp. Declares Quarterly Cash Dividend, Payable on or about August 21, 2014

On July 24, 2014, the board of directors of Oconee Federal Financial Corp. declared a quarterly cash dividend of $0.10 per share of the company's common stock. The dividend will be payable to stockholders of record as of August 7, 2014, and will be paid on or about August 21, 2014.

Oconee Federal Financial Corp. Declares Quarterly Cash Dividend, Payable on or About May 22, 2014

On April 24, 2014, the Board of Directors of Oconee Federal Financial Corp. declared a quarterly cash dividend of $0.10 per share of the company’s common stock. The dividend will be payable to stockholders of record as of May 8, 2014, and will be paid on or about May 22, 2014.

 

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Industry Average

Valuation OFED Industry Range
Price/Earnings 27.5x
Price/Sales 8.4x
Price/Book -- Not Meaningful
Price/Cash Flow 28.2x
TEV/Sales -- Not Meaningful
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