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

StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report report published on Monday. The brokerage issued a hold rating on the bank’s stock.

OptimumBank Trading Down 0.1 %

NASDAQ OPHC opened at $4.56 on Monday. OptimumBank has a 52 week low of $3.05 and a 52 week high of $4.98. The firm has a 50 day moving average of $4.59 and a two-hundred day moving average of $4.41. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $43.94 million, a PE ratio of 4.47 and a beta of 0.37.

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

Institutional Investors Weigh In On OptimumBank

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased 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 valued at $112,000 after purchasing an additional 8,960 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of OptimumBank by 21.4% during the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after buying an additional 9,228 shares during the last quarter. Finally, EJF Capital LLC acquired a new position in shares of OptimumBank in the 1st quarter valued at $1,100,000. Institutional investors and hedge funds 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.