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

Research analysts at StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note issued on Tuesday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Trading Down 0.4 %

NASDAQ:OPHC opened at $4.57 on Tuesday. 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 has a fifty-two week low of $3.11 and a fifty-two week high of $4.98. The stock’s 50-day moving average is $4.60 and its two-hundred day moving average is $4.41. The stock has a market cap of $44.03 million, a PE ratio of 4.48 and a beta of 0.37.

OptimumBank (NASDAQ:OPHC) last released its earnings results 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 company had revenue of $9.94 million for the quarter.

Hedge Funds Weigh In On OptimumBank

Several institutional investors and hedge funds have recently bought and sold shares of OPHC. EJF Capital LLC purchased a new position in OptimumBank during the 1st quarter valued at about $1,100,000. Renaissance Technologies LLC grew its stake in OptimumBank by 21.4% during the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after acquiring an additional 9,228 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of OptimumBank by 52.2% during 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. 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.