StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC – Free Report) in a research note published on Saturday morning. The brokerage issued a hold rating on the bank’s stock.
Separately, Compass Point started coverage on shares of OptimumBank in a research report on Thursday, May 23rd. They issued a neutral rating and a $5.25 price objective on the stock.
View Our Latest Stock Analysis on OPHC
OptimumBank Stock Up 0.4 %
OptimumBank (NASDAQ:OPHC – Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The bank reported $0.34 EPS for the quarter. The company had revenue of $9.94 million for the quarter. OptimumBank had a return on equity of 12.66% and a net margin of 18.24%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. EJF Capital LLC acquired a new position in shares of OptimumBank in the 1st quarter worth approximately $1,100,000. Renaissance Technologies LLC grew its stake in shares of OptimumBank by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after buying an additional 9,228 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in OptimumBank by 52.2% during the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock valued at $112,000 after buying an additional 8,960 shares in the last quarter. Institutional investors and hedge funds own 7.43% of the company’s stock.
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.
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