Oconee Federal Financial (NASDAQ:OFED) Share Price Crosses Below 50 Day Moving Average – What’s Next?

Oconee Federal Financial Corp. (NASDAQ:OFED)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.25 and traded as low as $12.72. Oconee Federal Financial shares last traded at $12.72, with a volume of 250 shares traded.

Oconee Federal Financial Stock Performance

The firm has a market cap of $74.31 million, a P/E ratio of 10.78 and a beta of 0.27. The business’s 50-day simple moving average is $13.22 and its 200 day simple moving average is $13.19.

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

Oconee Federal Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Thursday, November 7th. Oconee Federal Financial’s dividend payout ratio (DPR) is presently 33.90%.

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