OptimumBank (NASDAQ:OPHC) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC) in a report released on Tuesday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Price Performance

Shares of OPHC opened at $4.59 on Tuesday. The company has a market capitalization of $44.39 million, a price-to-earnings ratio of 4.50 and a beta of 0.37. OptimumBank has a fifty-two week low of $3.12 and a fifty-two week high of $4.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50-day moving average is $4.60 and its 200-day moving average is $4.41.

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

Hedge Funds Weigh In On OptimumBank

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in OptimumBank by 52.2% in the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock worth $112,000 after buying an additional 8,960 shares during the last quarter. Renaissance Technologies LLC increased its holdings in OptimumBank by 21.4% in the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after buying an additional 9,228 shares during the last quarter. Finally, EJF Capital LLC bought a new stake in OptimumBank during the first quarter worth approximately $1,100,000. Institutional investors and hedge funds own 7.43% of the company’s stock.

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.