Worth Watching: Oconee Federal Financial Corp (NASDAQ:OFED) Q2 2016 Sentiment Report

November 22, 2016 - By Richard Conner   ·   0 Comments

Worth Watching: Oconee Federal Financial Corp (NASDAQ:OFED)  Q2 2016 Sentiment Report

Sentiment for Oconee Federal Financial Corp (NASDAQ:OFED)

Oconee Federal Financial Corp (NASDAQ:OFED) institutional sentiment increased to Infinity in Q2 2016. Its up Infinity, from 0.4 in 2016Q1. The ratio has improved, as 2 hedge funds increased and opened new positions, while 5 decreased and sold holdings in Oconee Federal Financial Corp. The hedge funds in our partner’s database now own: 101,714 shares, down from 107,978 shares in 2016Q1. Also, the number of hedge funds holding Oconee Federal Financial Corp in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 1 Increased: 2 New Position: 0.

Oconee Federal Financial Corp. is a stock holding firm for Oconee Federal Savings and Loan Association. The company has a market cap of $140.36 million. Oconee Federal Savings and Loan Association is a federally chartered savings and loan association. It has a 24.42 P/E ratio. The Company’s principal business consists of attracting retail deposits from the public in its market area and investing those deposits, together with funds generated from operations, in one- to four-family residential mortgage loans and, to a lesser extent, nonresidential mortgage, construction and land, agricultural and other loans.

The stock increased 2.99% or $0.64 on November 21, hitting $22.05. Oconee Federal Financial (NASDAQ:OFED) has risen 15.69% since April 20, 2016 and is uptrending. It has outperformed by 11.13% the S&P500.

According to Zacks Investment Research, “Oconee Federal Financial Corp. through its subsidiary Oconee Federal Savings and Loan Association operates as a savings and loans bank. Products offered by the bank includes: savings accounts; certificates of deposit; checking accounts; debit and ATM cards. Loans provided by the bank comprise various mortgage loans and construction and permanent loans. Oconee Federal Financial Corporation is based in Seneca, South Carolina.”

Minerva Advisors Llc holds 0.3% of its portfolio in Oconee Federal Financial for 22,902 shares. Arbiter Partners Capital Management Llc owns 43,399 shares or 0.11% of their US portfolio. Moreover, Blackrock Fund Advisors has 0% invested in the company for 212 shares. The New Jersey-based Blackrock Investment Management Llc has invested 0% in the stock. Tower Research Capital Llc (Trc), a New York-based fund reported 497 shares.#img1#

OFED Company Profile

Oconee Federal Financial Corp. is a stock holding firm for Oconee Federal Savings and Loan Association. Oconee Federal Savings and Loan Association is a federally chartered savings and loan association. The Company’s principal business consists of attracting retail deposits from the public in its market area and investing those deposits, together with funds generated from operations, in one- to four-family residential mortgage loans and, to a lesser extent, nonresidential mortgage, construction and land, agricultural and other loans. The Firm also invests in the United States Government and federal agency securities, mortgage-backed securities and short-term deposits. The Firm has also used borrowed funds as a source of funds. The Firm borrows principally from the Federal Home Loan Bank of Atlanta. The Company’s primary market area consists of the counties where it has offices and the nearby communities and townships in adjacent counties in South Carolina and Georgia.

More important recent Oconee Federal Financial (NASDAQ:OFED) news were published by: Businesswire.com which released: “Oconee Federal Financial Corp. Announces Agreement to Acquire Stephens Federal …” on February 27, 2014, also Nasdaq.com published article titled: “Oconee Federal Financial Corp. (OFED) Ex-Dividend Date Scheduled for November …”, Seekingalpha.com published: “Oconee Federal Financial – Well Capitalized And Profitable Bank Trading At A …” on July 16, 2015. More interesting news about Oconee Federal Financial (NASDAQ:OFED) was released by: Postandcourier.com and their article: “There’s still SC HELP available” with publication date: March 20, 2016.

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By Richard Conner


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