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

StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report report published on Thursday. The firm issued a hold rating on the bank’s stock.

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

OptimumBank Stock Performance

Shares of NASDAQ:OPHC opened at $4.30 on Thursday. The company has a 50 day moving average of $4.34 and a 200-day moving average of $4.30. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.64. The firm has a market cap of $41.43 million, a P/E ratio of 4.22 and a beta of 0.35. OptimumBank has a twelve month low of $2.84 and a twelve month high of $4.91.

OptimumBank (NASDAQ:OPHC) last released its earnings results on Monday, May 13th. The bank reported $0.31 earnings per share for the quarter. OptimumBank had a return on equity of 10.53% and a net margin of 16.43%. The firm had revenue of $8.99 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in OptimumBank stock. EJF Capital LLC bought a new position in shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 256,410 shares of the bank’s stock, valued at approximately $1,100,000. EJF Capital LLC owned 2.66% of OptimumBank as of its most recent SEC filing. Institutional investors and hedge funds 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.