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

by · The Cerbat Gem

StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC – Free Report) in a report released on Tuesday morning. The firm issued a hold rating on the bank’s stock.

OptimumBank Stock Down 0.2 %

NASDAQ:OPHC opened at $4.51 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 1.13. The company’s fifty day moving average price is $4.60 and its 200-day moving average price is $4.42. OptimumBank has a 1-year low of $3.12 and a 1-year high of $4.98. The firm has a market capitalization of $43.45 million, a P/E ratio of 4.42 and a beta of 0.36.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of 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 acquiring an additional 8,960 shares in the last quarter. Renaissance Technologies LLC raised its stake in OptimumBank by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after purchasing an additional 9,228 shares during the last quarter. Finally, EJF Capital LLC purchased a new position in 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

(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.

Read More