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

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

OptimumBank Trading Down 0.2 %

OPHC stock opened at $4.55 on Thursday. OptimumBank has a 1-year low of $3.12 and a 1-year high of $4.98. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $4.61 and its 200-day moving average is $4.43. The firm has a market cap of $43.83 million, a P/E ratio of 4.46 and a beta of 0.36.

OptimumBank (NASDAQ:OPHC) last released its quarterly earnings data 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 Trading of OptimumBank

Several large investors have recently added to or reduced their stakes in the company. EJF Capital LLC acquired a new position in shares of OptimumBank in the 1st quarter worth approximately $1,100,000. Dimensional Fund Advisors LP boosted its stake in OptimumBank by 52.2% in the second 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, Renaissance Technologies LLC grew its holdings in shares of 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 purchasing an additional 9,228 shares during the last quarter. 7.43% of the stock is owned by institutional investors.

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.