OptimumBank (NASDAQ:OPHC) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Stock Performance

NASDAQ OPHC opened at $4.60 on Friday. The stock’s fifty day moving average price is $4.60 and its 200-day moving average price is $4.45. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The stock has a market cap of $44.53 million, a P/E ratio of 3.90 and a beta of 0.36. OptimumBank has a 12 month low of $3.12 and a 12 month high of $4.98.

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

Institutional Trading of OptimumBank

Several institutional investors have recently added to or reduced their stakes in the business. EJF Capital LLC bought a new position in shares of OptimumBank during the first quarter valued at $1,100,000. Renaissance Technologies LLC raised its position in OptimumBank by 21.4% in 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, Dimensional Fund Advisors LP lifted its stake in 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 during the period. 7.43% of the stock is currently owned by hedge funds and other institutional investors.

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.