StockNews.com Initiates Coverage on OptimumBank (NASDAQ:OPHC)

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

OptimumBank Stock Up 0.2 %

Shares of NASDAQ OPHC opened at $4.30 on Friday. The stock has a market capitalization of $41.43 million, a price-to-earnings ratio of 4.94 and a beta of 0.30. OptimumBank has a 52 week low of $2.77 and a 52 week high of $4.91. The firm has a 50-day moving average price of $4.27 and a 200 day moving average price of $4.02. 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 posted its earnings results on Friday, March 8th. The bank reported $0.35 earnings per share for the quarter. The company had revenue of $8.19 million for the quarter. OptimumBank had a return on equity of 9.41% and a net margin of 16.01%.

Institutional Trading of OptimumBank

A hedge fund recently bought a new stake in OptimumBank stock. Warberg Asset Management LLC bought a new stake in OptimumBank Holdings, Inc. (NASDAQ:OPHC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,500 shares of the bank’s stock, valued at approximately $65,000. Warberg Asset Management LLC owned approximately 0.28% of OptimumBank as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other 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, and NOW accounts, as well as time deposits, wire transfers, ACH services, and certificates of deposit.