StockNews.com Begins Coverage on OptimumBank (NASDAQ:OPHC)

StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a report issued on Sunday morning. The firm issued a hold rating on the bank’s stock.

Separately, Compass Point began coverage on OptimumBank in a research report on Thursday, May 23rd. They issued a neutral rating and a $5.25 price objective for the company.

OptimumBank Trading Up 1.1 %

Shares of OPHC stock opened at $4.60 on Friday. The firm has a market capitalization of $44.53 million, a P/E ratio of 4.51 and a beta of 0.37. OptimumBank has a 1 year low of $3.04 and a 1 year high of $4.98. The firm’s fifty day simple moving average is $4.56 and its 200 day simple moving average is $4.40. 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 posted its quarterly earnings data 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 for the quarter.

Institutional Investors Weigh In On OptimumBank

Several institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted 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 valued at $112,000 after acquiring an additional 8,960 shares in the last quarter. Renaissance Technologies LLC lifted its stake 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 purchasing an additional 9,228 shares during the period. Finally, EJF Capital LLC acquired a new stake in OptimumBank during the first quarter valued at 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.