StockNews.com Begins Coverage on OptimumBank (NASDAQ:OPHC)

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

OptimumBank Price Performance

OptimumBank stock opened at $4.52 on Tuesday. The company has a market capitalization of $43.75 million, a price-to-earnings ratio of 4.43 and a beta of 0.37. The stock’s 50 day moving average is $4.60 and its 200-day moving average is $4.41. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. OptimumBank has a 12 month low of $3.12 and a 12 month high of $4.98.

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

Institutional Trading of OptimumBank

Hedge funds and other institutional investors have recently bought and sold shares of the business. EJF Capital LLC acquired a new position in shares of OptimumBank during the 1st quarter worth approximately $1,100,000. Renaissance Technologies LLC grew its position in OptimumBank by 21.4% during the second 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, Dimensional Fund Advisors LP increased its stake in OptimumBank by 52.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock worth $112,000 after acquiring an additional 8,960 shares during the period. 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.