Oconee Federal Financial
Market Cap
US$144.4m
Last Updated
2020/07/03 00:31 UTC
Data Sources
Company Financials
Executive Summary
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.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with proven track record.
Similar Companies
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
2.1%
OFED
-13.9%
US Mortgage
1.6%
US Market
1 Year Return
9.3%
OFED
-23.9%
US Mortgage
4.8%
US Market
Return vs Industry: OFED exceeded the US Mortgage industry which returned -23.2% over the past year.
Return vs Market: OFED exceeded the US Market which returned 4.3% over the past year.
Shareholder returns
| OFED | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.1% | -13.9% | 1.6% |
| 30 Day | 17.7% | 19.5% | 2.3% |
| 90 Day | 34.8% | 56.7% | 29.5% |
| 1 Year | 11.3%9.3% | -21.9%-23.9% | 7.1%4.8% |
| 3 Year | -2.9%-7.4% | 25.9%16.9% | 37.1%28.1% |
| 5 Year | 47.9%35.7% | 1.3%-9.7% | 67.2%48.6% |
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
3 weeks ago | Simply Wall St
How Does Oconee Federal Financial's (NASDAQ:OFED) P/E Compare To Its Industry, After Its Big Share Price Gain?1 month ago | Simply Wall St
Key Things To Consider Before Buying Oconee Federal Financial Corp. (NASDAQ:OFED) For Its Dividend2 months ago | Simply Wall St
Oconee Federal Financial Corp. (NASDAQ:OFED) Goes Ex-Dividend In 4 DaysValuation
Is Oconee Federal Financial undervalued compared to its fair value and its price relative to the market?
36.87x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: OFED ($24.74) is trading above our estimate of fair value ($6.84)
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 (35.6x) compared to the Mortgage industry average (11.1x).
PE vs Market: OFED is poor value based on its PE Ratio (35.6x) compared to the US market (16.4x).
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 (1.6x) compared to the US Mortgage industry average (0.8x).
Next Steps
Future Growth
How is Oconee Federal Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
4.1%
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.
Next Steps
- Check out Oconee Federal Financial's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Explore growth companies in the Banks industry.
Past Performance
How has Oconee Federal Financial performed over the past 5 years?
-6.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OFED has high quality earnings.
Growing Profit Margin: OFED's current net profit margins (23.4%) are higher than last year (21.9%).
Past Earnings Growth Analysis
Earnings Trend: OFED's earnings have declined by -6.7% per year over the past 5 years.
Accelerating Growth: OFED's earnings growth over the past year (7.8%) exceeds its 5-year average (-6.7% per year).
Earnings vs Industry: OFED earnings growth over the past year (7.8%) exceeded the Mortgage industry 4.5%.
Return on Equity
High ROE: OFED's Return on Equity (4.4%) is considered low.
Next Steps
Financial Health
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
Balance Sheet
Financial Institutions Analysis
Asset Level: OFED's Assets to Equity ratio (5.6x) is low.
Allowance for Bad Loans: OFED has a low allowance for bad loans (34%).
Low Risk Liabilities: 98% 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 (70%).
Low Risk Deposits: OFED's Loans to Deposits ratio (87%) is appropriate.
Level of Bad Loans: OFED has an appropriate level of bad loans (1.1%).
Next Steps
Dividend
What is Oconee Federal Financial current dividend yield, its reliability and sustainability?
1.56%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OFED's dividend (1.62%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: OFED's dividend (1.62%) is low compared to the top 25% of dividend payers in the US market (4.49%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, OFED has been paying a dividend for less than 10 years.
Growing Dividend: OFED has only been paying a dividend for 9 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (57.5%), 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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average management tenure
CEO
Curt Evatt (48yo)
3.5yrs
Tenure
US$325,751
Compensation
Mr. Curtis T. Evatt has been the Chief Executive Officer of Oconee Federal Financial Corp. and Oconee Federal Savings and Loan Association since January 1, 2017. Mr. Evatt has been the President of Oconee ...
CEO Compensation Analysis
Compensation vs Market: Curt's total compensation ($USD325.75K) is below average for companies of similar size in the US market ($USD606.89K).
Compensation vs Earnings: Curt's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.5yrs | US$325.75k | 1.2% $1.7m | |
| Senior VP & CFO | 3.25yrs | US$158.18k | 0.0079% $11.4k | |
| Executive VP & Chief Banking Officer | 5.17yrs | US$235.14k | 0.091% $130.8k | |
| Secretary & Independent Director | 11.5yrs | US$33.69k | 0.20% $286.5k |
3.5yrs
Average Tenure
52.5yo
Average Age
Experienced Management: OFED's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.5yrs | US$325.75k | 1.2% $1.7m | |
| Secretary & Independent Director | 11.5yrs | US$33.69k | 0.20% $286.5k | |
| Independent Chairman of the Board | 3.5yrs | US$39.99k | 0.33% $470.9k | |
| Independent Director | 35.5yrs | US$33.69k | 0.84% $1.2m | |
| Independent Director | 25.5yrs | US$33.69k | 0.55% $800.8k |
11.5yrs
Average Tenure
72yo
Average Age
Experienced Board: OFED's board of directors are seasoned and experienced ( 11.5 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Oconee Federal Financial Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Oconee Federal Financial Corp.
- Ticker: OFED
- Exchange: NasdaqCM
- Founded: 1924
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$144.442m
- Shares outstanding: 5.63m
- Website: https://www.oconeefederal.com
Number of Employees
Location
- Oconee Federal Financial Corp.
- 201 East North Second Street
- Seneca
- South Carolina
- 29678
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| OFED | NasdaqCM (Nasdaq Capital Market) | Yes | Common Shares | US | USD | Jan 2011 |
Biography
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. The company’s deposit products include demand, NOW, money market, savings, certificates of deposit, and individual retirement accounts. Its loan portfolio comprises one-to-four family residential mortgage loans; home equity loans and lines of credit; nonresidential real estate loans; construction and land loans; commercial and industrial loans; agricultural loans; and consumer loans. Oconee Federal Financial Corp. operates through its executive office and seven branch offices located in Oconee County, South Carolina; Stephens County, Georgia; and Rabun County, Georgia, as well as loan production office in Pickens County, South Carolina. The company was founded in 1924 and is based in Seneca, South Carolina. Oconee Federal Financial Corp. is a subsidiary of Oconee Federal, MHC.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/03 00:31 |
| End of Day Share Price | 2020/07/02 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/06/30 |
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.