OptimumBank (NASDAQ:OPHC) Earns Hold Rating from Analysts at StockNews.com

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

OptimumBank Price Performance

OPHC opened at $4.27 on Wednesday. The stock’s 50 day simple moving average is $4.25 and its 200 day simple moving average is $3.93. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 1.17. OptimumBank has a 1 year low of $2.77 and a 1 year high of $4.91. The firm has a market cap of $33.60 million, a price-to-earnings ratio of 4.91 and a beta of 0.30.

OptimumBank (NASDAQ:OPHC) last posted its quarterly earnings results on Friday, March 8th. The bank reported $0.35 earnings per share (EPS) for the quarter. OptimumBank had a return on equity of 9.41% and a net margin of 16.01%. The business had revenue of $8.19 million for the quarter.

Hedge Funds Weigh In On OptimumBank

An institutional investor recently bought a new position in OptimumBank stock. Warberg Asset Management LLC purchased a new position in shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,500 shares of the bank’s stock, valued at approximately $65,000. Warberg Asset Management LLC owned about 0.28% of OptimumBank at the end of the most recent reporting period. Hedge funds and other institutional investors 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, NOW, and time deposit accounts, as well as certificates of deposit.