OptimumBank (NASDAQ:OPHC) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note issued to investors on Wednesday. The brokerage issued a hold rating on the bank’s stock.

OptimumBank Stock Up 1.2 %

OPHC stock opened at $4.23 on Wednesday. The company has a market cap of $33.29 million, a PE ratio of 4.86 and a beta of 0.30. The business has a 50-day simple moving average of $4.25 and a 200 day simple moving average of $3.94. OptimumBank has a 52 week low of $2.77 and a 52 week high of $4.91. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.08.

OptimumBank (NASDAQ:OPHC) last posted its quarterly earnings results on Friday, March 8th. The bank reported $0.35 EPS for the quarter. The business had revenue of $8.19 million during the quarter. OptimumBank had a return on equity of 9.41% and a net margin of 16.01%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in OptimumBank stock. Warberg Asset Management LLC purchased a new stake in OptimumBank Holdings, Inc. (NASDAQ:OPHC) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,500 shares of the bank’s stock, valued at approximately $65,000. Warberg Asset Management LLC owned approximately 0.28% of OptimumBank as of its most recent SEC filing. 7.43% of the stock is owned by 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, NOW, and time deposit accounts, as well as certificates of deposit.