TheStreet Lowers Oconee Federal Financial (NASDAQ:OFED) to C+

Oconee Federal Financial (NASDAQ:OFED) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c+” rating in a report issued on Monday, TheStreetRatingsTable reports.

Shares of Oconee Federal Financial stock opened at $23.08 on Monday. The firm has a market capitalization of $131.79 million, a price-to-earnings ratio of 37.52 and a beta of 0.21. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.93. Oconee Federal Financial has a 52 week low of $22.26 and a 52 week high of $29.60.

Institutional investors have recently made changes to their positions in the business. American International Group Inc. grew its position in Oconee Federal Financial by 89.7% in the 4th quarter. American International Group Inc. now owns 1,193 shares of the savings and loans company’s stock valued at $30,000 after acquiring an additional 564 shares during the last quarter. Deutsche Bank AG grew its position in Oconee Federal Financial by 27.0% in the 4th quarter. Deutsche Bank AG now owns 2,370 shares of the savings and loans company’s stock valued at $58,000 after acquiring an additional 504 shares during the last quarter. Northern Trust Corp bought a new position in Oconee Federal Financial in the 4th quarter valued at $244,000. Finally, BlackRock Inc. grew its position in Oconee Federal Financial by 48.3% in the 4th quarter. BlackRock Inc. now owns 75,418 shares of the savings and loans company’s stock valued at $1,878,000 after acquiring an additional 24,570 shares during the last quarter. 4.13% of the stock is currently owned by institutional investors.

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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