OptimumBank (NASDAQ:OPHC) Now Covered by StockNews.com

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

Separately, Compass Point began coverage on OptimumBank in a research report on Thursday, May 23rd. They set a neutral rating and a $5.25 price target on the stock.

OptimumBank Stock Performance

NASDAQ OPHC opened at $4.71 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $45.38 million, a PE ratio of 4.62 and a beta of 0.40. OptimumBank has a 52-week low of $2.85 and a 52-week high of $4.91. The company has a 50-day simple moving average of $4.44 and a 200 day simple moving average of $4.34.

OptimumBank (NASDAQ:OPHC) last issued its quarterly earnings results on Monday, August 5th. The bank reported $0.34 earnings per share (EPS) for the quarter. OptimumBank had a net margin of 18.24% and a return on equity of 12.66%. The company had revenue of $9.94 million during the quarter.

Institutional Trading of OptimumBank

A number of institutional investors have recently modified their holdings of OPHC. Dimensional Fund Advisors LP raised its holdings in OptimumBank by 52.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock valued at $112,000 after acquiring an additional 8,960 shares during the period. Renaissance Technologies LLC grew its position in shares of OptimumBank by 21.4% in the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after purchasing an additional 9,228 shares in the last quarter. Finally, EJF Capital LLC bought a new stake in shares of OptimumBank during the 1st quarter valued at $1,100,000. 7.43% of the stock is currently owned by hedge funds and other institutional investors.

OptimumBank Company Profile

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.