OptimumBank (NASDAQ:OPHC) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the bank’s stock.

Separately, Compass Point assumed coverage on shares of OptimumBank in a research report on Thursday, May 23rd. They issued a “neutral” rating and a $5.25 price target for the company.

OptimumBank Stock Performance

OptimumBank stock opened at $4.58 on Friday. 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 $44.33 million, a PE ratio of 4.49 and a beta of 0.37. The company has a 50 day moving average price of $4.56 and a 200-day moving average price of $4.40. OptimumBank has a fifty-two week low of $3.04 and a fifty-two week high of $4.98.

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

Hedge Funds Weigh In On OptimumBank

A number of large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in shares of OptimumBank by 21.4% during the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after acquiring an additional 9,228 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 purchasing an additional 8,960 shares during the last quarter. Finally, EJF Capital LLC acquired a new stake in shares of OptimumBank in the 1st quarter worth $1,100,000. 7.43% of the stock is currently owned by institutional investors.

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.