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

StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report sent to investors on Friday morning. The brokerage issued a hold rating on the bank’s stock.

OptimumBank Price Performance

Shares of NASDAQ:OPHC opened at $4.81 on Friday. The stock has a market capitalization of $46.51 million, a P/E ratio of 4.07 and a beta of 0.36. The business has a 50-day moving average of $4.59 and a two-hundred day moving average of $4.46. OptimumBank has a fifty-two week low of $3.12 and a fifty-two week high of $4.98. 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 announced its earnings results on Monday, August 5th. The bank reported $0.34 earnings per share (EPS) for the quarter. OptimumBank had a return on equity of 12.66% and a net margin of 18.24%. The firm had revenue of $9.94 million during the quarter.

Institutional Investors Weigh In On OptimumBank

Several hedge funds and other institutional investors have recently made changes to their positions in OPHC. Renaissance Technologies LLC increased its stake in shares of 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 period. Dimensional Fund Advisors LP grew its holdings in OptimumBank by 52.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock valued at $112,000 after buying an additional 8,960 shares during the last quarter. Finally, EJF Capital LLC bought a new position in OptimumBank in the 1st quarter worth approximately $1,100,000. 7.43% of the stock is owned by institutional investors and hedge funds.

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, and NOW accounts, as well as time deposits, wire transfers, ACH services, and certificates of deposit.