OptimumBank (NASDAQ:OPHC) Now Covered by Analysts at Alliance Global Partners

Alliance Global Partners began coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $6.50 price target on the bank’s stock.

OptimumBank Trading Up 2.1%

Shares of OPHC stock opened at $5.28 on Tuesday. The business’s 50 day moving average is $5.19 and its two-hundred day moving average is $4.56. OptimumBank has a twelve month low of $3.68 and a twelve month high of $5.59. The company has a market capitalization of $64.24 million, a P/E ratio of 4.00 and a beta of 0.28. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43.

Insider Buying and Selling at OptimumBank

In other OptimumBank news, insider Timothy Terry sold 39,304 shares of OptimumBank stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $4.73, for a total value of $185,907.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 13.91% of the company’s stock.

Institutional Trading of OptimumBank

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fourthstone LLC boosted its holdings in shares of OptimumBank by 44.6% in the second quarter. Fourthstone LLC now owns 500,853 shares of the bank’s stock valued at $2,239,000 after acquiring an additional 154,399 shares in the last quarter. Brown Advisory Inc. purchased a new stake in shares of OptimumBank in the second quarter valued at about $89,000. Alliancebernstein L.P. boosted its holdings in shares of OptimumBank by 22.0% in the third quarter. Alliancebernstein L.P. now owns 652,860 shares of the bank’s stock valued at $2,677,000 after acquiring an additional 117,841 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of OptimumBank by 22.0% in the third quarter. Vanguard Group Inc. now owns 385,823 shares of the bank’s stock valued at $1,582,000 after acquiring an additional 69,532 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of OptimumBank by 16.4% in the fourth quarter. Renaissance Technologies LLC now owns 110,200 shares of the bank’s stock valued at $468,000 after acquiring an additional 15,500 shares in the last quarter. Hedge funds and other institutional investors own 7.43% of the company’s stock.

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.