OptimumBank (NASDAQ:OPHC) Now Covered by Brean Capital

Brean Capital assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a report published on Monday, MarketBeat.com reports. The brokerage issued a buy rating and a $7.00 target price on the bank’s stock.

Separately, Alliance Global Partners started coverage on OptimumBank in a research report on Tuesday, April 7th. They set a “buy” rating and a $6.50 price target for the company. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $6.75.

OptimumBank Price Performance

OPHC stock opened at $5.49 on Monday. The stock has a 50-day moving average price of $5.27 and a two-hundred day moving average price of $4.63. OptimumBank has a 12-month low of $3.90 and a 12-month high of $5.59. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. The company has a market cap of $66.79 million, a PE ratio of 4.16 and a beta of 0.28.

Insider Transactions at OptimumBank

In other OptimumBank news, insider Timothy Terry sold 39,304 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $4.73, for a total transaction of $185,907.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 18.66% of the company’s stock.

Institutional Investors Weigh In On OptimumBank

Several institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in shares of OptimumBank by 16.4% in the fourth quarter. Renaissance Technologies LLC now owns 110,200 shares of the bank’s stock worth $468,000 after buying an additional 15,500 shares during the period. Susquehanna International Group LLP boosted its position in shares of OptimumBank by 112.2% in the third quarter. Susquehanna International Group LLP now owns 46,460 shares of the bank’s stock worth $190,000 after buying an additional 24,569 shares during the period. Alliancebernstein L.P. boosted its position in shares of OptimumBank by 22.0% in the third quarter. Alliancebernstein L.P. now owns 652,860 shares of the bank’s stock worth $2,677,000 after buying an additional 117,841 shares during the period. Vanguard Group Inc. boosted its position in shares of OptimumBank by 22.0% in the third quarter. Vanguard Group Inc. now owns 385,823 shares of the bank’s stock worth $1,582,000 after buying an additional 69,532 shares during the period. Finally, Arcus Capital Partners LLC purchased a new stake in shares of OptimumBank in the third quarter worth about $47,000. 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.