OptimumBank (NASDAQ:OPHC) Now Covered by StockNews.com

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

OptimumBank Stock Performance

Shares of OPHC opened at $4.56 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The firm has a market cap of $43.94 million, a PE ratio of 4.47 and a beta of 0.36. The company’s 50 day simple moving average is $4.61 and its 200-day simple moving average is $4.43. OptimumBank has a 12-month low of $3.12 and a 12-month high of $4.98.

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

Institutional Investors Weigh In On OptimumBank

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of OptimumBank by 52.2% during the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock worth $112,000 after purchasing an additional 8,960 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of OptimumBank by 21.4% during the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after purchasing an additional 9,228 shares during the period. Finally, EJF Capital LLC acquired a new stake in shares of OptimumBank during the first quarter worth $1,100,000. 7.43% of the stock is owned by institutional investors and hedge funds.

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.