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

StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHCFree Report) in a research report report published on Saturday morning. The firm issued a hold rating on the bank’s stock.

OptimumBank Stock Up 0.9 %

Shares of OPHC stock opened at $4.34 on Friday. OptimumBank has a twelve month low of $2.77 and a twelve month high of $4.91. The stock has a market cap of $41.79 million, a P/E ratio of 4.25 and a beta of 0.30. The stock has a 50 day moving average of $4.25 and a 200 day moving average of $4.08. The company has a current ratio of 1.13, a quick ratio of 1.17 and a debt-to-equity ratio of 0.64.

OptimumBank (NASDAQ:OPHCGet Free Report) last issued its quarterly earnings data on Friday, March 8th. The bank reported $0.35 EPS for the quarter. OptimumBank had a net margin of 16.43% and a return on equity of 10.53%. The business had revenue of $8.19 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in OptimumBank stock. EJF Capital LLC bought a new stake in shares of OptimumBank Holdings, Inc. (NASDAQ:OPHCFree Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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. 7.43% of the stock is currently owned by hedge funds and other institutional investors.

About OptimumBank

(Get Free Report)

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.

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