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

by · The Cerbat Gem

StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC – Free Report) in a research note published on Thursday. The firm issued 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 issued a neutral rating and a $5.25 target price for the company.

Read Our Latest Stock Report on OptimumBank

OptimumBank Stock Performance

Shares of OPHC stock opened at $4.30 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.64. The stock has a 50 day simple moving average of $4.34 and a 200-day simple moving average of $4.30. The company has a market cap of $41.43 million, a price-to-earnings ratio of 4.22 and a beta of 0.35. OptimumBank has a 12-month low of $2.84 and a 12-month high of $4.91.

OptimumBank (NASDAQ:OPHC – Get Free Report) last released its quarterly earnings data on Monday, May 13th. The bank reported $0.31 earnings per share (EPS) for the quarter. The firm had revenue of $8.99 million during the quarter. OptimumBank had a return on equity of 10.53% and a net margin of 16.43%.

Institutional Trading of OptimumBank

An institutional investor recently bought a new position in OptimumBank stock. EJF Capital LLC acquired a new stake in OptimumBank Holdings, Inc. (NASDAQ:OPHC – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 256,410 shares of the bank’s stock, valued at approximately $1,100,000. EJF Capital LLC owned about 2.66% of OptimumBank at the end of the most recent quarter. Institutional investors and hedge funds own 7.43% of the company’s stock.

OptimumBank Company Profile

(Get Free Report)

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.

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