Oconee Federal Financial (OFED) Rating Increased to Hold at ValuEngine

Oconee Federal Financial (NASDAQ:OFED) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Saturday.

OFED opened at $26.20 on Friday. The company has a market capitalization of $150.97 million, a price-to-earnings ratio of 51.37 and a beta of -0.07. Oconee Federal Financial has a 1-year low of $23.06 and a 1-year high of $30.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.88 and a quick ratio of 0.88.

An institutional investor recently bought a new position in Oconee Federal Financial stock. Bank of New York Mellon Corp purchased a new position in Oconee Federal Financial (NASDAQ:OFED) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,280 shares of the savings and loans company’s stock, valued at approximately $211,000. Bank of New York Mellon Corp owned 0.13% of Oconee Federal Financial at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.74% of the company’s stock.

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 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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