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

Oconee Federal Financial Corp. (NASDAQ:OFED) shares passed 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 trading hands.

Oconee Federal Financial Stock Performance

The business’s 50 day moving average is $13.22 and its two-hundred day moving average is $13.19. The company has a market cap of $74.31 million, a PE ratio of 10.78 and a beta of 0.27.

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

Oconee Federal Financial Dividend Announcement

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