431,634 Shares in OptimumBank Holdings, Inc. $OPHC Purchased by Wellington Management Group LLP

Wellington Management Group LLP bought a new stake in OptimumBank Holdings, Inc. (NASDAQ:OPHC) in the second quarter, Holdings Channel reports. The fund bought 431,634 shares of the bank’s stock, valued at approximately $2,521,000.

Several other large investors have also recently bought and sold shares of the stock. Globeflex Capital L P acquired a new position in OptimumBank during the 1st quarter valued at about $62,000. Brown Advisory Inc. bought a new position in shares of OptimumBank in the second quarter valued at approximately $89,000. Goldman Sachs Group Inc. boosted its holdings in shares of OptimumBank by 24.8% in the first quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank’s stock valued at $118,000 after acquiring an additional 5,720 shares in the last quarter. BlackRock Inc. acquired a new position in shares of OptimumBank during the second quarter valued at approximately $219,000. Finally, Susquehanna International Group LLP increased its stake in shares of OptimumBank by 112.2% during the third quarter. Susquehanna International Group LLP now owns 46,460 shares of the bank’s stock valued at $190,000 after acquiring an additional 24,569 shares during the period. Institutional investors and hedge funds own 7.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OPHC. Alliance Global Partners restated a “buy” rating on shares of OptimumBank in a research report on Friday, August 14th. Zacks Research upgraded OptimumBank from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat, OptimumBank presently has an average rating of “Buy” and a consensus price target of $6.67.

OptimumBank Price Performance

Shares of NASDAQ OPHC opened at $9.07 on Friday. OptimumBank Holdings, Inc. has a twelve month low of $3.91 and a twelve month high of $10.68. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $114.48 million, a price-to-earnings ratio of 6.87 and a beta of 0.29. The firm has a 50-day moving average of $7.94 and a two-hundred day moving average of $6.33.

OptimumBank Company Profile

OptimumBank, Inc (NASDAQ:OPHC) is a Texas-chartered commercial bank holding company headquartered in Dallas, Texas, with community banking operations primarily in Texas and South Florida. Founded in 2005, OptimumBank delivers a full suite of deposit and lending products designed to meet the needs of small-to-medium sized businesses, real estate developers, and individual consumers. Through its network of full-service branches and digital platforms, the bank focuses on relationship-driven banking and personalized service.

On the lending side, OptimumBank offers commercial real estate financing, including construction loans, permanent mortgage loans, and land acquisition facilities.