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

Equities research analysts at StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a report issued on Saturday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Price Performance

NASDAQ OPHC opened at $4.72 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. The company has a market cap of $45.69 million, a PE ratio of 4.00 and a beta of 0.36. OptimumBank has a 52 week low of $3.13 and a 52 week high of $4.98. The firm’s 50-day simple moving average is $4.59 and its two-hundred day simple moving average is $4.47.

OptimumBank (NASDAQ:OPHC) last announced its quarterly earnings results on Monday, August 5th. The bank reported $0.34 EPS for the quarter. OptimumBank had a net margin of 18.24% and a return on equity of 12.66%. The company had revenue of $9.94 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of OptimumBank by 52.2% in the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock worth $112,000 after buying an additional 8,960 shares in the last quarter. Renaissance Technologies LLC lifted its stake in OptimumBank by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after purchasing an additional 9,228 shares in the last quarter. Finally, EJF Capital LLC purchased a new stake in OptimumBank in the 1st quarter worth approximately $1,100,000. Institutional investors own 7.43% of the company’s stock.

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, and NOW accounts, as well as time deposits, wire transfers, ACH services, and certificates of deposit.