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

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

OptimumBank Price Performance

Shares of NASDAQ OPHC opened at $4.44 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. The business has a 50 day moving average price of $4.27 and a two-hundred day moving average price of $4.00. The firm has a market cap of $42.76 million, a PE ratio of 5.10 and a beta of 0.30. OptimumBank has a fifty-two week low of $2.77 and a fifty-two week high of $4.91.

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

Institutional Investors Weigh In On OptimumBank

A hedge fund recently bought a new stake in OptimumBank stock. Warberg Asset Management LLC bought a new position in OptimumBank Holdings, Inc. (NASDAQ:OPHC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,500 shares of the bank’s stock, valued at approximately $65,000. Warberg Asset Management LLC owned about 0.28% of OptimumBank as of its most recent SEC filing. 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.