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

StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note released on Wednesday morning. The firm issued a hold rating on the bank’s stock.

Separately, Compass Point initiated coverage on shares of OptimumBank in a research report on Thursday, May 23rd. They set a neutral rating and a $5.25 target price on the stock.

OptimumBank Stock Down 3.8 %

OPHC stock opened at $4.29 on Wednesday. The company has a market cap of $41.31 million, a P/E ratio of 4.21 and a beta of 0.35. OptimumBank has a fifty-two week low of $2.84 and a fifty-two week high of $4.91. The stock’s 50 day simple moving average is $4.33 and its 200 day simple moving average is $4.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.13 and a current ratio of 1.13.

OptimumBank (NASDAQ:OPHC) last issued its quarterly earnings data on Monday, May 13th. The bank reported $0.31 earnings per share (EPS) for the quarter. The firm had revenue of $8.99 million during the quarter. OptimumBank had a net margin of 16.43% and a return on equity of 10.53%.

Hedge Funds Weigh In On OptimumBank

A hedge fund recently bought a new stake in OptimumBank stock. EJF Capital LLC bought a new position in OptimumBank Holdings, Inc. (NASDAQ:OPHC) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 256,410 shares of the bank’s stock, valued at approximately $1,100,000. EJF Capital LLC owned about 2.66% of OptimumBank as of its most recent SEC filing. Hedge funds and other institutional investors 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.