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. More Details
Excellent balance sheet with acceptable track record.
Share Price & News
How has Oconee Federal Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OFED is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: OFED's weekly volatility (7%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: OFED underperformed the US Mortgage industry which returned 45.5% over the past year.
Return vs Market: OFED underperformed the US Market which returned 38.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Oconee Federal Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StWe Wouldn't Be Too Quick To Buy Oconee Federal Financial Corp. (NASDAQ:OFED) Before It Goes Ex-Dividend
2 months ago | Simply Wall StThe Oconee Federal Financial (NASDAQ:OFED) Share Price Is Up 58% And Shareholders Are Holding On
3 months ago | Simply Wall StThree Things You Should Check Before Buying Oconee Federal Financial Corp. (NASDAQ:OFED) For Its Dividend
Is Oconee Federal Financial undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: OFED ($23.92) is trading above our estimate of fair value ($9.15)
Significantly Below Fair Value: OFED is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: OFED is poor value based on its PE Ratio (32.5x) compared to the US Mortgage industry average (12.4x).
PE vs Market: OFED is poor value based on its PE Ratio (32.5x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate OFED's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: OFED is overvalued based on its PB Ratio (1.5x) compared to the US Mortgage industry average (1.1x).
How is Oconee Federal Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Oconee Federal Financial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Oconee Federal Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OFED has high quality earnings.
Growing Profit Margin: OFED's current net profit margins (24.3%) are higher than last year (23.4%).
Past Earnings Growth Analysis
Earnings Trend: OFED's earnings have declined by 6.9% per year over the past 5 years.
Accelerating Growth: OFED's earnings growth over the past year (4.1%) exceeds its 5-year average (-6.9% per year).
Earnings vs Industry: OFED earnings growth over the past year (4.1%) underperformed the Mortgage industry 25.6%.
Return on Equity
High ROE: OFED's Return on Equity (4.7%) is considered low.
How is Oconee Federal Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: OFED's Assets to Equity ratio (6.1x) is low.
Allowance for Bad Loans: OFED has a low allowance for bad loans (45%).
Low Risk Liabilities: 99% of OFED's liabilities are made up of primarily low risk sources of funding.
Loan Level: OFED has an appropriate level of Loans to Assets ratio (63%).
Low Risk Deposits: OFED's Loans to Deposits ratio (77%) is appropriate.
Level of Bad Loans: OFED has an appropriate level of bad loans (0.9%).
What is Oconee Federal Financial current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OFED's dividend (1.67%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: OFED's dividend (1.67%) is low compared to the top 25% of dividend payers in the US market (3.49%).
Stability and Growth of Payments
Stable Dividend: OFED's dividends per share have been stable in the past 10 years.
Growing Dividend: OFED's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.4%), OFED's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Curt Evatt (48 yo)
Mr. Curtis T. Evatt, also known as Curt, has been the Chief Executive Officer of Oconee Federal Financial Corp. and Oconee Federal Savings and Loan Association since January 1, 2017. Mr. Evatt has been the...
CEO Compensation Analysis
Compensation vs Market: Curt's total compensation ($USD346.78K) is below average for companies of similar size in the US market ($USD532.73K).
Compensation vs Earnings: Curt's compensation has been consistent with company performance over the past year.
Experienced Management: OFED's management team is considered experienced (4.4 years average tenure).
Experienced Board: OFED's board of directors are seasoned and experienced ( 12.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Oconee Federal Financial Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Oconee Federal Financial Corp.
- Ticker: OFED
- Exchange: NasdaqCM
- Founded: 1924
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$133.334m
- Shares outstanding: 5.57m
- Website: https://www.oconeefederal.com
Number of Employees
- Oconee Federal Financial Corp.
- 201 East North Second Street
- South Carolina
- United States
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 So...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/20 23:08|
|End of Day Share Price||2021/06/18 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.