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

Research analysts at StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Price Performance

Shares of OptimumBank stock opened at $4.27 on Wednesday. The stock has a 50 day moving average of $4.25 and a 200 day moving average of $3.93. OptimumBank has a 12 month low of $2.77 and a 12 month high of $4.91. The firm has a market cap of $33.60 million, a PE ratio of 4.91 and a beta of 0.30. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.08.

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

Institutional Investors Weigh In On OptimumBank

A hedge fund recently bought a new stake in OptimumBank stock. Warberg Asset Management LLC acquired a new stake in OptimumBank Holdings, Inc. (NASDAQ:OPHC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,500 shares of the bank’s stock, valued at approximately $65,000. Warberg Asset Management LLC owned about 0.28% of OptimumBank at the end of the most recent reporting period. Institutional investors 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, NOW, and time deposit accounts, as well as certificates of deposit.