OptimumBank Holdings, Inc. (NASDAQ:OPHC) Short Interest Update

OptimumBank Holdings, Inc. (NASDAQ:OPHC) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 11,900 shares, a decline of 20.1% from the August 15th total of 14,900 shares. Based on an average trading volume of 20,200 shares, the days-to-cover ratio is presently 0.6 days.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com initiated coverage on OptimumBank in a research report on Sunday. They set a “hold” rating for the company. Compass Point initiated coverage on OptimumBank in a report on Thursday, May 23rd. They issued a “neutral” rating and a $5.25 target price for the company.

OptimumBank Trading Up 0.4 %

OPHC stock opened at $4.58 on Monday. The firm’s fifty day simple moving average is $4.56 and its two-hundred day simple moving average is $4.40. The stock has a market capitalization of $44.33 million, a price-to-earnings ratio of 4.49 and a beta of 0.37. 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 twelve month low of $3.04 and a twelve month high of $4.98.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its stake in OptimumBank by 21.4% in 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. Dimensional Fund Advisors LP raised 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 in the last quarter. Finally, EJF Capital LLC purchased a new stake in shares of OptimumBank in the 1st quarter worth $1,100,000. Hedge funds and other institutional investors 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.