OptimumBank (NASDAQ:OPHC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note published on Thursday morning. The brokerage issued a hold rating on the bank’s stock.

OptimumBank Stock Down 0.9 %

Shares of OPHC opened at $4.51 on Thursday. The firm has a market cap of $43.45 million, a P/E ratio of 4.42 and a beta of 0.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.13. OptimumBank has a 52 week low of $3.12 and a 52 week high of $4.98. The firm’s 50-day simple moving average is $4.61 and its 200 day simple moving average is $4.44.

OptimumBank (NASDAQ:OPHC) last posted its earnings results on Monday, August 5th. The bank reported $0.34 EPS for the quarter. The company had revenue of $9.94 million for the quarter. OptimumBank had a return on equity of 12.66% and a net margin of 18.24%.

Institutional Investors Weigh In On OptimumBank

A number of institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC increased its position in OptimumBank by 21.4% during the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after acquiring an additional 9,228 shares during the period. Dimensional Fund Advisors LP grew its position 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 worth $112,000 after purchasing an additional 8,960 shares in the last quarter. Finally, EJF Capital LLC bought a new position in shares of OptimumBank during the first quarter worth approximately $1,100,000. Institutional investors own 7.43% of the company’s stock.

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.