Oconee Federal Financial is a savings and loan holding company. Through its subsidiary, Oconee Federal Savings and Loan Association, Co.'s principal business consists of accepting retail deposits from the general 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. In addition, Co. provides a selection of deposit accounts, including demand accounts, NOW accounts, money market accounts, savings accounts, certificates of deposit and individual retirement accounts. We show 52 historical shares outstanding datapoints in our OFED shares outstanding history coverage, used to compute OFED market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing OFED market cap history over the course of time is important for investors
interested in comparing OFED's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of OFED versus a peer is one thing; comparing
OFED market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like OFED can fluctuate over the course of history.
With this page we aim to empower investors researching OFED by allowing them to research the OFED market cap history. |
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Video: The Importance of Market Cap
