Shares are trading at $29.95 which is just a bit higher than the 50 day moving average of $28.32 and slightly over the 200 day moving average of $27.59. The 50 day moving average was up by +5.75% and the 200 day average went up by +8.55%. (NASDAQ:OFED) shares saw light trading volume with 364 shares changing hands by the end of trading on Tuesday. Trading volume was down 66.97% under the stocks average daily volume.
Investors are feeling more bullish on shares of the company recently at least if you consider the fall in short interest. The company recorded a fall in short interest of -6.39% as of September 29, 2017 from the last reporting period. Short shares fell 1,402 over that timeframe. Days to cover increased 13.0 to 30.0 and the percentage of shorted shares was 0.00% on September 29.
These firms have modified their investment in OFED. Blackrock Inc. bolstered its holdings by buying 412 shares an increase of 194.3% from 03/31/2017 to 06/30/2017. Blackrock Inc. now holds 624 shares worth $17,000. The total value of its holdings increased 240.0%. As of quarter end Stilwell Value LLC had disposed of 11,138 shares trimming its holdings by 11.6%. The value of the total investment in Oconee Federal Financial Corp. decreased from $2,358,000 to $2,334,000 a change of 1.0% for the reporting period.
Tower Research Capital LLC (trc) divested its ownership by shedding 449 shares a decrease of 90.3% in the quarter. Tower Research Capital LLC (trc) currently owns 48 shares valued at $1,000. The value of the position overall is down by 90.9%. Ubs Group Ag downsized its position by shedding 945 shares a decrease of 87.8%. Ubs Group Ag claims 131 shares with a value of $4,000. The value of the position overall is down by 84.6%.
The company is now unchanged by 0.00% percent from yesterday’s close. Oconee Federal Financial Corp. recently announced a dividend for shareholders that was paid on Thursday the 24th of August 2017. The dividend payment was $0.100 per share for the quarter or $0.40 on an annualized basis. This dividend amount represented a yield of $1.35. The ex-dividend date was Tuesday the 8th of August 2017.
The company currently has a P/E ratio of 31.53 and the market cap is 169.94M.
Oconee Federal Financial Corp. is a stock holding company for Oconee Federal Savings and Loan Association. Oconee Federal Savings and Loan Association is a federally chartered savings and loan association. The Business’s principal business consists of attracting retail deposits from the public in its market area and investing those deposits, together with funds generated from operations, in one- to four-family residential mortgage loans and, to a lesser extent, nonresidential mortgage, construction and land, agricultural and other loans. The Company also invests in the United States Government and federal agency securities, mortgage-backed securities and short-term deposits. The Company has also used borrowed funds as a source of funds. The Company borrows principally from the Federal Home Loan Bank of Atlanta. The Business’s primary market area consists of the counties where it has offices and the nearby communities and townships in adjacent counties in South Carolina and Georgia..