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

Stock analysts at StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a report released on Tuesday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Stock Down 3.5 %

OPHC stock opened at $4.11 on Tuesday. OptimumBank has a twelve month low of $2.77 and a twelve month high of $4.91. The company has a market cap of $32.35 million, a PE ratio of 4.72 and a beta of 0.30. The business’s 50-day simple moving average is $4.24 and its 200 day simple moving average is $3.90. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.08.

OptimumBank (NASDAQ:OPHC) last released its earnings results on Friday, March 8th. The bank reported $0.35 earnings per share for the quarter. OptimumBank had a return on equity of 9.41% and a net margin of 16.01%. The business had revenue of $8.19 million for the quarter.

Institutional Investors Weigh In On OptimumBank

Institutional investors have recently added to or reduced their stakes in the company. Warberg Asset Management LLC bought a new position in OptimumBank during the third quarter worth about $65,000. Vanguard Group Inc. lifted its stake in OptimumBank by 86.0% during the third quarter. Vanguard Group Inc. now owns 98,489 shares of the bank’s stock worth $313,000 after purchasing an additional 45,544 shares during the period. Finally, Morgan Stanley lifted its stake in OptimumBank by 1,250,000.0% during the fourth quarter. Morgan Stanley now owns 100,008 shares of the bank’s stock worth $409,000 after purchasing an additional 100,000 shares during the period. 7.43% of the stock is owned by institutional investors and hedge funds.

OptimumBank Company Profile

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.