OptimumBank (NASDAQ:OPHC) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

OptimumBank Holdings, Inc. (NASDAQ:OPHC) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $4.17 and traded as high as $4.26. OptimumBank shares last traded at $4.24, with a volume of 11,869 shares trading hands.

OptimumBank Trading Down 0.2%

The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average is $4.17 and its 200 day moving average is $4.25. The company has a market cap of $48.90 million, a price-to-earnings ratio of 3.21 and a beta of 0.27.

Insider Buying and Selling at OptimumBank

In related news, Director Michael Blisko sold 7,600 shares of OptimumBank stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $4.09, for a total value of $31,084.00. Following the completion of the transaction, the director owned 604,645 shares in the company, valued at $2,472,998.05. The trade was a 1.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 13.91% of the stock is currently owned by corporate insiders.

Institutional Trading of OptimumBank

Institutional investors have recently bought and sold shares of the business. Arcus Capital Partners LLC acquired a new position in shares of OptimumBank during the 3rd quarter worth approximately $47,000. Brown Advisory Inc. purchased a new stake in OptimumBank in the 2nd quarter worth $89,000. Goldman Sachs Group Inc. raised its position in OptimumBank by 24.8% during the first quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank’s stock worth $118,000 after acquiring an additional 5,720 shares during the period. Susquehanna International Group LLP lifted its holdings in OptimumBank by 112.2% during the third quarter. Susquehanna International Group LLP now owns 46,460 shares of the bank’s stock valued at $190,000 after purchasing an additional 24,569 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in OptimumBank by 22.0% during the third quarter. Vanguard Group Inc. now owns 385,823 shares of the bank’s stock valued at $1,582,000 after purchasing an additional 69,532 shares in the last quarter. 7.43% of the stock is owned by institutional investors and hedge funds.

OptimumBank Company Profile

OptimumBank, Inc (NASDAQ:OPHC) is a Texas-chartered commercial bank holding company headquartered in Dallas, Texas, with community banking operations primarily in Texas and South Florida. Founded in 2005, OptimumBank delivers a full suite of deposit and lending products designed to meet the needs of small-to-medium sized businesses, real estate developers, and individual consumers. Through its network of full-service branches and digital platforms, the bank focuses on relationship-driven banking and personalized service.

On the lending side, OptimumBank offers commercial real estate financing, including construction loans, permanent mortgage loans, and land acquisition facilities.