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Last $18.16 USD
Change Today 0.00 / 0.00%
Volume 0.0
OFED On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 08/24/15 All times are local (Market data is delayed by at least 15 minutes).

oconee federal financial cor (OFED) Snapshot

Open
$18.16
Previous Close
$18.16
Day High
$18.16
Day Low
$18.16
52 Week High
01/8/15 - $21.50
52 Week Low
09/8/14 - $17.45
Market Cap
106.8M
Average Volume 10 Days
16.8
EPS TTM
$0.74
Shares Outstanding
5.9M
EX-Date
08/11/15
P/E TM
24.4x
Dividend
$0.40
Dividend Yield
2.20%
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 a 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 based 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: $212.5K
President, Director, President of Oconee Fede...
Total Annual Compensation: $174.9K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $122.9K
Senior Vice President and Assistant Treasurer
Total Annual Compensation: $106.1K
Compensation as of Fiscal Year 2014.

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, 2015

Oconee Federal Financial Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2015. For the quarter, net interest income increased by $3.5 million, or 30.4%, to $15.0 million for the year ended June 30, 2015 compared to $11.5 million for 2014. Net interest margin for the year ended June 30, 2015 was 3.73%, up 43 basis-points from 3.30% for the year ended June 30, 2014. This increase in net interest margin was reflective of the decrease in average cost of funds to 0.37% for the year ended June 30, 2015 from 0.53% for the year ended June 30, 2014 and an increase in the average yield on interest-earning assets to 4.03% for the year ended June 30, 2015 from 3.73% for the year ended June 30, 2014. Income before income taxes was $2,110,000 compared to $1,337,000 a year ago. Net income was $1.2 million, or $0.21 per diluted share, for the three months ended June 30, 2015, compared to net income of $854 thousand, or $0.15 per diluted share, for the three months ended June 30, 2014. Return on average assets was 1.03% compared to 0.95% a year ago. Return on average equity was 1.04% compared to 1.00% a year ago. For the year, net interest income was $14,956,000 compared to $11,496,000 a year ago. Income before income taxes was $7,202,000 compared to $5,689,000 a year ago. Net income was $4,512,000 or $0.78 basic and diluted per share compared to $3,639,000 or $0.64 basic and diluted per share a year ago. Return on average assets was 1.04% compared to 1.00% a year ago. Return on average equity was 5.64% compared to 4.78% a year ago.

Oconee Federal Financial Corp. Declares Quarterly Cash Dividend, Payable on or about August 27, 2015

On July 30, 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 August 13, 2015, and will be paid on or about August 27, 2015.

Oconee Federal Financial Corp. Announces Quarterly Cash Dividend, Payable on or About May 28, 2015

Oconee Federal Financial Corp. announced that the Board of Directors of the Company 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 14, 2015, and will be paid on or about May 28, 2015.

 

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OFED

Industry Average

Valuation OFED Industry Range
Price/Earnings 25.3x
Price/Sales 7.1x
Price/Book 1.3x
Price/Cash Flow 25.9x
TEV/Sales 5.2x
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