OptimumBank (NASDAQ:OPHC) Stock Price Passes Above 50 Day Moving Average of $4.29

OptimumBank Holdings, Inc. (NASDAQ:OPHCGet Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.29 and traded as high as $4.51. OptimumBank shares last traded at $4.47, with a volume of 17,299 shares.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OPHC. Compass Point began coverage on shares of OptimumBank in a research report on Thursday, May 23rd. They issued a “neutral” rating and a $5.25 price target on the stock. StockNews.com began coverage on shares of OptimumBank in a research report on Monday, June 3rd. They issued a “hold” rating on the stock.

Check Out Our Latest Analysis on OptimumBank

OptimumBank Stock Performance

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.64. The company has a market cap of $43.07 million, a PE ratio of 4.38 and a beta of 0.35. The stock’s 50 day simple moving average is $4.29 and its two-hundred day simple moving average is $4.22.

OptimumBank (NASDAQ:OPHCGet Free Report) last issued its earnings results on Monday, May 13th. The bank reported $0.31 EPS for the quarter. OptimumBank had a net margin of 16.43% and a return on equity of 10.53%. The business had revenue of $8.99 million for the quarter.

Institutional Investors Weigh In On OptimumBank

A hedge fund recently bought a new stake in OptimumBank stock. EJF Capital LLC acquired a new position in shares of OptimumBank Holdings, Inc. (NASDAQ:OPHCFree Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 256,410 shares of the bank’s stock, valued at approximately $1,100,000. EJF Capital LLC owned approximately 2.66% of OptimumBank at the end of the most recent reporting period. 7.43% of the stock is owned by institutional investors and hedge funds.

About OptimumBank

(Get Free Report)

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.

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