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

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

Separately, Compass Point assumed coverage on shares of OptimumBank in a report on Thursday, May 23rd. They set a “neutral” rating and a $5.25 price objective for the company.

OptimumBank Trading Down 0.7 %

OptimumBank stock opened at $4.55 on Friday. The firm has a 50 day moving average of $4.56 and a 200 day moving average of $4.40. The firm has a market capitalization of $44.04 million, a price-to-earnings ratio of 4.46 and a beta of 0.37. OptimumBank has a 12-month low of $3.04 and a 12-month 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.

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

Institutional Trading of OptimumBank

A number of large investors have recently modified their holdings of OPHC. Dimensional Fund Advisors LP grew its position in shares of 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 acquiring an additional 8,960 shares during the period. Renaissance Technologies LLC lifted its stake in OptimumBank by 21.4% in the second 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 during the last quarter. Finally, EJF Capital LLC bought a new position in OptimumBank in the first quarter valued at $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.