Oconee Financial Corp (PK:OSBK)
Business Focus: Banks
Insider Filings
Latest 10 SEC Form 4 filings for OSBK*US within the last 6 months
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Company News
Feb 26, 2024 15:01 ET
Oconee Financial Corporation Announces Increase in Annual Dividend
WATKINSVILLE, Ga., Feb. 26, 2024 /PRNewswire/ -- Oconee Financial Corporation ("Oconee") (OTCQX: OSBK) announced that the Company's Board of Directors approved an annual 2024 common stock cash dividend of $0.95 per share.
Feb 09, 2024 13:44 ET
Oconee Financial Corporation Reports Fourth Quarter 2023 Results
WATKINSVILLE, Ga., Feb. 9, 2024 /PRNewswire/ -- Oconee Financial Corporation ("Oconee") (OTCQX: OSBK) is pleased to report results for the fourth quarter of 2023. Unaudited net income for the three months ending December 31, 2023, was $847 thousand or $0.90 per common share. This compares to $1.3 million or $1.42 per common share for the fourth quarter of 2022, a decrease of 33%. The decrease in net earnings for the fourth quarter 2023 was mainly attributable to a decrease in non-interest income of $77 thousand and an increase of net interest income of $741 thousand, offset by an increase in
Valuation Ratios
Industry
Sector
Beta
N/A
--
--
Price to Sales - TTM
1.13
2.64
3.63
Price to Book - most recent quarter
0.83
1.02
1.32
Price to Cash Flow per share - TTM
--
12.01
13.19
Price to Free Cash Flow per share - TTM
--
16.78
15.76
Business Summary
| Sector: Financials | Industry: Banks |
Oconee Financial Corporation is a one-bank holding company for Oconee State Bank (the Bank). The Bank is a community bank, which provides a full range of commercial and consumer banking services primarily in Oconee, Clarke and Gwinnett counties in Georgia. The Bank has four segments. Real Estate-Mortgage segment offers 1-4 family residential loans, Hotel loans and Other real estate mortgage loans. Real Estate-Construction segment primarily include land loans to local contractors and developers for developing the land. Commercial, Financial and Agricultural segment loans, which are made to businesses. Generally, these loans are secured by assets of the business and repayment is expected from the cash flows of the business. Consumer Loans segment includes loans, which may be either secured or unsecured and repayment is dependent on the credit quality of the individual borrower and, if applicable, sale of the collateral securing the loan, such as automobile, mobile home and other.
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