OptimumBank (NASDAQ:OPHC) Earns Hold Rating from Analysts at StockNews.com

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

Separately, Compass Point started coverage on OptimumBank in a research note on Thursday, May 23rd. They issued a neutral rating and a $5.25 price objective on the stock.

OptimumBank Trading Up 1.1 %

Shares of OPHC stock opened at $4.60 on Friday. The company has a market capitalization of $44.53 million, a P/E ratio of 4.51 and a beta of 0.37. OptimumBank has a 12-month low of $3.04 and a 12-month high of $4.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $4.56 and a 200 day moving average price of $4.40.

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

Hedge Funds Weigh In On OptimumBank

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings 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 valued at $112,000 after purchasing an additional 8,960 shares in the last quarter. Renaissance Technologies LLC lifted 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 buying an additional 9,228 shares in the last quarter. Finally, EJF Capital LLC bought a new position in OptimumBank in the 1st quarter valued at $1,100,000. 7.43% of the stock is currently owned by institutional investors and hedge funds.

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.