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

Research analysts at StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note issued to investors on Friday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Price Performance

Shares of OptimumBank stock opened at $4.60 on Friday. The company’s fifty day simple moving average is $4.60 and its two-hundred day simple moving average is $4.45. OptimumBank has a 12-month low of $3.12 and a 12-month high of $4.98. The firm has a market cap of $44.53 million, a PE ratio of 3.90 and a beta of 0.36. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.52.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OPHC. Dimensional Fund Advisors LP grew its position 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 purchasing an additional 8,960 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of OptimumBank by 21.4% in the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after buying an additional 9,228 shares in the last quarter. Finally, EJF Capital LLC purchased a new stake in shares of OptimumBank during the first quarter valued at approximately $1,100,000. Hedge funds and other 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.