Oconee Federal Financial Corp. (OFED) Position Raised by Stilwell Value LLC
Stilwell Value LLC boosted its position in shares of Oconee Federal Financial Corp. (NASDAQ:OFED) by 2,330.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,333,705 shares of the savings and loans company’s stock after purchasing an additional 2,237,705 shares during the period. Oconee Federal Financial Corp. makes up 1.7% of Stilwell Value LLC’s portfolio, making the stock its 17th biggest position. Stilwell Value LLC owned 41.11% of Oconee Federal Financial Corp. worth $2,334,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund acquired a new stake in Oconee Federal Financial Corp. during the 2nd quarter valued at $103,000. Northern Trust Corp acquired a new stake in Oconee Federal Financial Corp. during the 2nd quarter valued at $273,000. Finally, M3F Inc. acquired a new stake in Oconee Federal Financial Corp. during the 2nd quarter valued at $423,000. 43.08% of the stock is owned by institutional investors and hedge funds.
Separately, ValuEngine lowered shares of Oconee Federal Financial Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th.
Oconee Federal Financial Corp. (OFED) remained flat at $28.94 during midday trading on Tuesday. 4 shares of the company’s stock were exchanged. The firm has a market capitalization of $164.21 million, a price-to-earnings ratio of 30.46 and a beta of -0.09. The firm’s 50 day moving average price is $28.13 and its 200-day moving average price is $27.38. Oconee Federal Financial Corp. has a 12 month low of $20.90 and a 12 month high of $29.00.
About Oconee Federal Financial Corp.
Oconee Federal Financial Corp. is a stock holding company 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.
Receive News & Ratings for Oconee Federal Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oconee Federal Financial Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.