Security Federal Co. (OTCMKTS:SFDL) Sees Large Decline in Short Interest

Security Federal Co. (OTCMKTS:SFDL) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 100 shares, a decline of 50.0% from the February 13th total of 200 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Security Federal Stock Performance

SFDL traded down $0.09 during midday trading on Friday, reaching $29.75. The company had a trading volume of 707 shares, compared to its average volume of 2,044. The business has a 50-day moving average of $29.30 and a two-hundred day moving average of $28.02. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.95. Security Federal has a 1 year low of $22.00 and a 1 year high of $30.23. The company has a market cap of $95.05 million, a P/E ratio of 10.78 and a beta of 0.47.

Security Federal (OTCMKTS:SFDL) last issued its quarterly earnings results on Friday, January 31st. The bank reported $0.94 earnings per share for the quarter. Security Federal had a net margin of 11.20% and a return on equity of 10.26%.

Security Federal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.15 dividend. This is a positive change from Security Federal’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.02%. Security Federal’s dividend payout ratio is 21.74%.

About Security Federal

Security Federal Corporation operates as the bank holding company for Security Federal Bank that provides various banking products and services. It offers various deposit products, such as savings and checking accounts, money market accounts, fixed interest rate certificates with varying maturities, and individual retirement accounts.