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Last $20.02 USD
Change Today -0.05 / -0.25%
Volume 500.0
As of 8:10 PM 04/1/15 All times are local (Market data is delayed by at least 15 minutes).

oconee federal financial cor (OFED) Key Developments

Oconee Federal Financial Corp. announced delayed 10-Q filing

On 02/17/2015, Oconee Federal Financial Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Oconee Federal Financial Corp. Declares Quarterly Cash Dividend, Payable on or About February 26, 2015

On January 29, 2015, 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 February 12, 2015, and will be paid on or about February 26, 2015.

Oconee Federal Financial Corp. Declares Quarterly Cash Dividend Payable on or About November 20, 2014

On October 23, 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 November 6, 2014, and will be paid on or about November 20, 2014.

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.

 

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Valuation OFED Industry Range
Price/Earnings 29.8x
Price/Sales 8.8x
Price/Book 1.4x
Price/Cash Flow 30.7x
TEV/Sales 7.0x
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