Oconee Federal Financial (NASDAQ:OFED) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Oconee Federal Financial Corp. (NASDAQ:OFED) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.52 and traded as low as $12.71. Oconee Federal Financial shares last traded at $12.71, with a volume of 228 shares.

Oconee Federal Financial Trading Down 2.4 %

The firm has a market capitalization of $74.20 million, a price-to-earnings ratio of 10.77 and a beta of 0.26. The company has a fifty day moving average price of $13.52 and a 200-day moving average price of $13.20.

Oconee Federal Financial (NASDAQ:OFED) last posted its earnings results on Monday, October 21st. The savings and loans company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $3.95 million during the quarter.

Oconee Federal Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date was Thursday, November 7th. Oconee Federal Financial’s dividend payout ratio is presently 33.90%.

Oconee Federal Financial Company Profile

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 and Pickens County areas of northwestern South Carolina, and the northeast area of Georgia in Stephens County and Rabun County.