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

Equities research analysts at StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a report released on Saturday. The brokerage set 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 set a “neutral” rating and a $5.25 target price for the company.

OptimumBank Stock Down 0.2 %

OPHC opened at $4.51 on Friday. The firm has a 50 day moving average price of $4.54 and a 200 day moving average price of $4.39. The company has a market cap of $43.66 million, a PE ratio of 4.42 and a beta of 0.37. OptimumBank has a 1 year low of $3.04 and a 1 year high of $4.98. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.13.

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

Institutional Trading of OptimumBank

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in OptimumBank by 52.2% in the second 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 in the last quarter. Renaissance Technologies LLC grew its position in 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 acquiring an additional 9,228 shares in the last quarter. Finally, EJF Capital LLC acquired a new stake in OptimumBank in the first quarter valued at approximately $1,100,000. 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.