Oconee Federal Financial (NASDAQ:OFED) Cut to “C+” at TheStreet

TheStreet lowered shares of Oconee Federal Financial (NASDAQ:OFED) from a b- rating to a c+ rating in a research report released on Monday morning, TheStreetRatingsTable reports.

Oconee Federal Financial stock opened at $23.08 on Monday. The company has a market cap of $131.79 million, a PE ratio of 37.52 and a beta of 0.21. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.22. Oconee Federal Financial has a 1 year low of $22.26 and a 1 year high of $29.60.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Wednesday, May 8th.



Several hedge funds have recently bought and sold shares of the stock. Northern Trust Corp grew its holdings in shares of Oconee Federal Financial by 6.2% in the first quarter. Northern Trust Corp now owns 10,402 shares of the savings and loans company’s stock valued at $271,000 after purchasing an additional 606 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Oconee Federal Financial by 27.0% in the fourth quarter. Deutsche Bank AG now owns 2,370 shares of the savings and loans company’s stock valued at $58,000 after purchasing an additional 504 shares in the last quarter. American International Group Inc. grew its holdings in shares of Oconee Federal Financial by 89.7% in the fourth quarter. American International Group Inc. now owns 1,193 shares of the savings and loans company’s stock valued at $30,000 after purchasing an additional 564 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Oconee Federal Financial by 48.3% in the fourth quarter. BlackRock Inc. now owns 75,418 shares of the savings and loans company’s stock valued at $1,878,000 after purchasing an additional 24,570 shares in the last quarter. 4.13% of the stock is owned by hedge funds and other institutional investors.

About Oconee Federal Financial

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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