OptimumBank (NASDAQ:OPHC) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHCGet Rating) in a research report issued on Monday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank stock opened at $4.20 on Monday. The company’s 50 day moving average is $4.23. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.47. OptimumBank has a twelve month low of $3.38 and a twelve month high of $7.27. The company has a market cap of $20.57 million, a P/E ratio of 2.63 and a beta of 0.98.

OptimumBank (NASDAQ:OPHCGet Rating) last announced its quarterly earnings data on Tuesday, March 8th. The bank reported $1.14 earnings per share for the quarter. The company had revenue of $3.77 million during the quarter. OptimumBank had a return on equity of 20.61% and a net margin of 51.77%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP bought a new stake in shares of OptimumBank during the 4th quarter valued at $40,000. Stifel Financial Corp purchased a new position in OptimumBank during the 4th quarter valued at about $47,000. Citadel Advisors LLC bought a new stake in shares of OptimumBank during the second quarter valued at about $67,000. BHZ Capital Management LP purchased a new stake in shares of OptimumBank in the fourth quarter worth about $57,000. Finally, Renaissance Technologies LLC boosted its position in shares of OptimumBank by 7.6% in the third quarter. Renaissance Technologies LLC now owns 157,500 shares of the bank’s stock valued at $816,000 after acquiring an additional 11,101 shares during the period. Institutional investors own 4.86% of the company’s stock.

About OptimumBank (Get Rating)

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, NOW, and time deposit accounts, as well as certificates of deposit; and offers residential and commercial real estate, multi-family real estate, commercial, land and construction, and consumer loans, as well as lending lines for working capital needs.

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