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

StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC – Get Rating) in a research report issued on Saturday. The firm set a “hold” rating on the bank’s stock.

NASDAQ OPHC opened at $3.80 on Friday. OptimumBank has a 12 month low of $3.52 and a 12 month high of $7.27. The stock has a market cap of $18.61 million, a price-to-earnings ratio of 2.29 and a beta of 0.95. The company’s 50 day moving average is $4.16 and its two-hundred day moving average is $4.32. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36.

OptimumBank (NASDAQ:OPHC – Get Rating) last released its quarterly earnings data on Tuesday, March 8th. The bank reported $1.14 earnings per share (EPS) for the quarter. OptimumBank had a net margin of 48.13% and a return on equity of 18.12%. The firm had revenue of $3.77 million for the quarter.

Hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in OptimumBank by 7.6% during the third quarter. Renaissance Technologies LLC now owns 157,500 shares of the bank’s stock worth $816,000 after buying an additional 11,101 shares during the period. Citadel Advisors LLC purchased a new position in OptimumBank during the second quarter worth $67,000. Stifel Financial Corp purchased a new position in OptimumBank during the fourth quarter worth $47,000. Dimensional Fund Advisors LP purchased a new position in OptimumBank during the fourth quarter worth $40,000. Finally, Warberg Asset Management LLC boosted its stake in OptimumBank by 676.3% during the first quarter. Warberg Asset Management LLC now owns 132,850 shares of the bank’s stock worth $559,000 after buying an additional 115,736 shares during the period. 5.27% of the stock is owned by hedge funds and other institutional investors.

OptimumBank Company Profile (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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