StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC – Free Report) 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 %
OptimumBank (NASDAQ:OPHC – Get Free Report) 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 – Free Report) 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.
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