OptimumBank (NASDAQ:OPHC) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report released on Wednesday. The firm issued a hold rating on the bank’s stock.

OptimumBank Trading Up 1.7 %

Shares of NASDAQ:OPHC opened at $4.25 on Wednesday. The stock has a market capitalization of $33.45 million, a PE ratio of 4.88 and a beta of 0.30. OptimumBank has a 1 year low of $2.77 and a 1 year high of $4.91. The firm has a fifty day moving average price of $4.26 and a 200 day moving average price of $3.95. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.08.

OptimumBank (NASDAQ:OPHC) last released its quarterly earnings results on Friday, March 8th. The bank reported $0.35 earnings per share (EPS) for the quarter. OptimumBank had a net margin of 16.01% and a return on equity of 9.41%. The company had revenue of $8.19 million during the quarter.

Institutional Investors Weigh In On OptimumBank

A hedge fund recently bought a new stake in OptimumBank stock. Warberg Asset Management LLC purchased a new stake in shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,500 shares of the bank’s stock, valued at approximately $65,000. Warberg Asset Management LLC owned 0.28% of OptimumBank at the end of the most recent reporting period. 7.43% of the stock is owned by institutional investors and hedge funds.

About OptimumBank

OptimumBank Holdings, Inc operates as the bank holding company for OptimumBank that provides various consumer and commercial banking services to individuals and businesses. It accepts demand interest-bearing and noninterest-bearing, savings, money market, and NOW accounts, as well as time deposits, wire transfers, ACH services, and certificates of deposit.