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

StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHCGet Rating) in a note issued to investors on Sunday. The firm set a “hold” rating on the bank’s stock.

Shares of OptimumBank stock opened at $4.35 on Friday. The firm’s 50 day moving average price is $4.12 and its 200-day moving average price is $4.25. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.36. OptimumBank has a 52-week low of $3.69 and a 52-week high of $7.27. The company has a market cap of $21.31 million, a P/E ratio of 2.62 and a beta of 0.95.

OptimumBank (NASDAQ:OPHCGet Rating) last issued 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.

Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its position in OptimumBank by 7.6% during the 3rd quarter. Renaissance Technologies LLC now owns 157,500 shares of the bank’s stock worth $816,000 after purchasing an additional 11,101 shares during the last quarter. Citadel Advisors LLC purchased a new stake in OptimumBank during the 2nd quarter worth approximately $67,000. Stifel Financial Corp purchased a new stake in OptimumBank during the 4th quarter worth approximately $47,000. Dimensional Fund Advisors LP purchased a new stake in OptimumBank during the 4th quarter worth approximately $40,000. Finally, Warberg Asset Management LLC grew its position in OptimumBank by 676.3% during the 1st quarter. Warberg Asset Management LLC now owns 132,850 shares of the bank’s stock worth $559,000 after purchasing an additional 115,736 shares during the last quarter. 5.27% of the stock is currently owned by 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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