OptimumBank (OPHC) Projected to Announce Quarterly Earnings on Thursday

OptimumBank (NASDAQ:OPHC) is projected to post its results before the market opens on Thursday, November 5th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $17.65 million for the quarter.

OptimumBank Stock Up 1.9%

NASDAQ:OPHC opened at $9.17 on Thursday. OptimumBank has a fifty-two week low of $3.92 and a fifty-two week high of $10.68. The stock has a market capitalization of $115.74 million, a P/E ratio of 6.95 and a beta of 0.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12. The company’s 50-day simple moving average is $8.98 and its 200-day simple moving average is $6.56.

Analyst Upgrades and Downgrades

A number of research firms recently commented on OPHC. Alliance Global Partners reissued a “buy” rating on shares of OptimumBank in a research report on Friday, August 14th. Zacks Research raised shares of OptimumBank from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat, OptimumBank presently has an average rating of “Buy” and an average target price of $6.67.

About OptimumBank

OptimumBank is a community bank headquartered in Fort Lauderdale, Florida. Through its banking operations, the company provides financial products and services to individuals, businesses and professional customers in South Florida.

The bank’s offerings include deposit accounts, checking and savings products, certificates of deposit, online banking and other traditional consumer banking services. Its lending activities include commercial real estate loans, business financing, residential real estate loans and consumer loans.

OptimumBank was established in 2000 and has focused on serving the South Florida market through relationship-based banking.