OptimumBank (NASDAQ:OPHC) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a report issued on Saturday morning. The brokerage issued a hold rating on the bank’s stock.

Separately, Compass Point initiated coverage on OptimumBank in a research report on Thursday, May 23rd. They set a neutral rating and a $5.25 price objective for the company.

OptimumBank Trading Down 0.2 %

NASDAQ:OPHC opened at $4.51 on Friday. The company has a market capitalization of $43.45 million, a PE ratio of 4.42 and a beta of 0.37. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. OptimumBank has a 52-week low of $3.04 and a 52-week high of $4.98. The stock has a fifty day simple moving average of $4.54 and a 200-day simple moving average of $4.39.

OptimumBank (NASDAQ:OPHC) last released its quarterly 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 during the quarter. OptimumBank had a return on equity of 12.66% and a net margin of 18.24%.

Institutional Trading of OptimumBank

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in OptimumBank by 52.2% during the 2nd 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 in the last quarter. Renaissance Technologies LLC grew its holdings in OptimumBank by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after buying an additional 9,228 shares during the period. Finally, EJF Capital LLC purchased a new stake in OptimumBank in the 1st quarter valued at about $1,100,000. 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.