|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||47.00 - 47.00|
|52 Week Range||32.55 - 47.00|
|Beta (5Y Monthly)||0.35|
|PE Ratio (TTM)||16.43|
|Forward Dividend & Yield||0.65 (1.38%)|
|Ex-Dividend Date||Mar 12, 2021|
|1y Target Est||N/A|
The boards of Oconee Financial Corporation (OTCQX: OSBK) and Elberton Federal Savings and Loan Association (Elberton) announced today that the organizations have entered into a definitive agreement for the merger of Elberton and Oconee State Bank, a wholly owned subsidiary of Oconee Financial Corporation.
Oconee Financial Corporation ("Oconee") (OTCQX: OSBK) is pleased to report results for the first quarter of 2021. Unaudited net income for the three months ending March 31, 2021, was $824,221 or $0.92 per common share. This compares to $149,342 or $0.17 per common share for the first quarter of the prior year. This represents a 452% increase in net earnings in the first quarter of 2021 as compared to the same period in 2020. The increase in earnings over the year ago quarter was primarily attributable to increases in net interest income from Paycheck Protection Program (PPP) fees recognized of $591 thousand and increases in mortgage banking income of $423 thousand.
Oconee Financial Corporation ("Oconee") (OTCQX: OSBK) announced that the company's Board of Directors approved an Annual 2021 common stock cash dividend of $0.65 per share. This is an 8.3% increase over the previous year dividend of $0.60 per share.