Oconee Federal Financial (NASDAQ:OFED) Shares Pass Below 50 Day Moving Average – Should You Sell?

Oconee Federal Financial Corp. (NASDAQ:OFED)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.52 and traded as low as $12.71. Oconee Federal Financial shares last traded at $12.71, with a volume of 228 shares changing hands.

Oconee Federal Financial Stock Performance

The company has a market cap of $74.20 million, a price-to-earnings ratio of 10.77 and a beta of 0.26. The business has a 50-day moving average price of $13.49 and a 200 day moving average price of $13.20.

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

Oconee Federal Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.15%. The ex-dividend date was Thursday, November 7th. Oconee Federal Financial’s dividend payout ratio (DPR) is currently 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.