StockNews.com Initiates Coverage on OptimumBank (NASDAQ:OPHC)

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

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

OptimumBank Price Performance

Shares of NASDAQ:OPHC opened at $4.55 on Friday. OptimumBank has a fifty-two week low of $3.04 and a fifty-two week high of $4.98. The business has a 50-day moving average of $4.56 and a two-hundred day moving average of $4.40. The stock has a market capitalization of $43.84 million, a P/E ratio of 4.46 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 1.13.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake 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 valued at $112,000 after purchasing an additional 8,960 shares during the period. Renaissance Technologies LLC boosted its position in OptimumBank by 21.4% in 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 last quarter. Finally, EJF Capital LLC purchased a new position in OptimumBank in the first quarter worth about $1,100,000. 7.43% of the stock is currently owned by institutional investors.

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.