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

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

OptimumBank Stock Down 1.0 %

NASDAQ OPHC opened at $4.80 on Friday. 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 has a fifty-two week low of $3.15 and a fifty-two week high of $4.98. The business has a 50 day moving average price of $4.59 and a two-hundred day moving average price of $4.48. The stock has a market cap of $46.46 million, a PE ratio of 4.07 and a beta of 0.36.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OPHC. Dimensional Fund Advisors LP increased its stake in shares of OptimumBank by 52.2% in the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock worth $112,000 after buying an additional 8,960 shares during the last quarter. Renaissance Technologies LLC grew its holdings in OptimumBank by 21.4% during the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after acquiring an additional 9,228 shares in the last quarter. Finally, EJF Capital LLC bought a new stake in shares of OptimumBank in the 1st quarter worth about $1,100,000. Institutional investors and hedge funds own 7.43% of the company’s stock.

OptimumBank Company Profile

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.